Quote:
Originally Posted by marketsmart
One has to wonder if the US, Canada, and possible Mexico is gearing up for a single currency like the Euro.. The only reason I doubt this scenario is that mexico has very little to offer than labor and canada (no offense) has a lot less resources than the US, unless there is somem hidden oil reserve in Canada...
In any case, something is going on... I don't believe the US is letting the dollar drop other than by dfesign...
anyway, keep it up, i am killing it in forex....
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one currency would be way way in the future.
Mexico is a huge oil reserve that sells us oil all of the time. It also has numerous other resources from labor to produce to land, yes lots and lots of very valuable beach front land.
As for Canada they are also sitting on a huge oil reserve. Only issue is that it falls under hard oil. It is sitting right on the surface. Problem is that it is mixed into rock. For quit awhile it was cost prohibitive to process these oil fields. However with current prices it is more than feasible. Not to mention if I recall Canada also has a large supply of natural gas, timber, produce, and water. Yes in the very near future water will be a very valuable commodity and I would expect to see it traded just like other commodities in our lifetime.