We all know what “BS” stands for, don’t we? I am of the opinion that there’s a lot of BS out there. On the internet, in politics, and economics, there’s so much BS that it’s hip deep. From time to time, I am going to examine various examples of “BS,” and try to expose them for what they are. I run across it daily on the internet, and for the first example, I choose the so called “Amero.”
Of all the utter crud out there, the “Amero” is probably the most absurd. Someone, a few years ago, took computer graphics in hand, made the “Amero,” and touted it as the replacement of the dollar when Mexico and Canada are melded into the United States. The gullible immediately fell for it as a sure sign of the dollar’s collapse, The U.S. collapsing, and we’d all be begging on street corners, trying to trade a silver quarter for basic sustenance. Why do people fall for this stuff? It seems as though the more absurd it is, the more people fall for it.
Look people, the buck may have slid, and will undoubtedly slide further, but it is still the world’s reserve currency. The euro started out at 82 cents, and is now $1.46. The Canadian dollar was 55 cents, and now is above par at times. Good for them, but the buck isn’t going to be exchanged for the “Amero.” There is no such thing as the “Amero!” It’s all in some wise guy’s imagination, and he’s pulled it off in a big way. Do we think that even the most liberal of Senators, Reps, or President would OK the “Amero?” Do you really think that the “Amero” could possibly sneak in and replace the peso and Canadian dollar without anyone’s approving, legislating, or even noticing? Do you really believe that such a thing is possible? Of course, we all know that “They” will do it, whoever “They” are. Possibly the most over-used word among the insecure, is “They.”
We buy gold and silver, simply because we know the buck is being degraded on a daily basis, and we want to protect ourselves. No one can argue that point. Gold and silver are the best possible ways to protect ourselves from inflation. But inflation hits everyone everywhere, and that’s why people all around the world are buying gold especially, but silver too. I still think silver is a better buy if you have time and enough storage space. The ratio has gone down 2% in the last few days. China has even more inflation than does America, and the euro is being printed as well as is the dollar. No currency is safe, and all are un-backed, and being printed. Prices will go up forever in all currencies, not just the dollar. The dollar will not collapse and be replaced by the “Amero.” The “Amero” is a computer graphics creation, and nothing more. Now forget the “Amero!”
Had a great ten day vacation. Went to Arizona and California and got warm. Fine time, and the diesel Mercedes got 34 MPG the whole trip. Protect yourself and have a great weekend!