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How can I protect myself from a Global Currency?

If the American USD Dollar is replaced with a Global currency as has been proposed, and our Sec. of Treasury stated he would not be opposed, can I stipulate in a legal published document that all of my contracts will be null and void unless in USD $ as when the contracts were signed? The Amero was proposed as one of ten regional currencies issued by a New Global Bank. The SPP is still in effect, moving us toward a North American Union. Yes, I have heard that the International Bankers have decided against that name for the currency, but not the issuance of the regional currencies. Can my lenders require payment in any new currency foisted upon us?

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This entry was posted on Monday, June 7th, 2010 at 8:56 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2 Responses to “How can I protect myself from a Global Currency?”

  1. ranger_co_1_75 Says:
    June 7th, 2010 at 8:56 am

    No, only congress has the right to decide what currency looks like, and if they want to call it the Double Eagle Gold Coin, Liberty Dollar Coin, Green Back or Amero’s is their exclusive right. It will be the same currency, just a different look and name that is more acceptable to foreign countries.

    American currency is now the currency used in several foreign countries, and used in a majority of international transactions. For example, Panama does not have it’s own currency, it uses the U.S. Dollar. Oil Producing Exporting Countries will only accept payment in U.S. Dollars. Countries purchasing oil from OPEC must first get US Dollars and then pay OPEC for their oil.

    What you propose is saying you will only pay in or accept from others the currency printed in and with a particular look on a certain year. You won’t be able too, it is absurd to think you could just say you don’t owe anyone because the currency changed it’s appearance. The new currency would still be coin of the realm and legal tender for all debts, public and private.

  2. I. B. Zoxx Says:
    June 7th, 2010 at 8:56 am

    No offense, but…
    The North American Union and the Amero are an utter fantasy, nothing more than a proposal by a private individual, and will never happen. First, both would require major changes to the US Constitution (which doesn’t bother the conspiracy theorists, who never let the facts get in the way of a good rumor).
    Also, no US Treasury Secretary has ever made such a statement, and most of Congress would be screaming for his resignation if he ever did.
    Answering your question, it wouldn’t hurt anything to put that clause in any contract, since realistically, it will never be triggered.

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