In Brief... Euro Prompts Talks of Northern American Currency
As the Euro gains strength, discussions take place in Ottawa suggesting a common currency for the United States, Canada and Mexico.
OTTAWA: (CP/BN) - Academics, economists and politicians met last month in Ottawa to discuss the state of the world's economy. One of the key items discussed was the possibility of debate on a common North American currency to compete with the euro.
The Canadian center for Policy Alternatives conference heard suggestions of a common currency, the dollar, to be used by the United States, Canada, and Mexico.
Among those opposed to the idea was Auto Workers Union economist John Stanford. He warns that using the U.S. dollar would be Canada's loss. He says it would mean accepting U.S. leadership not only on currency but on Canada's socio-economic policies.
What's interesting is that economists in North America have known for years that the Europeans were working toward a common currency. Like so many things in this world the tendency is to wait...until it's too late. After the fact has become common place today. Although all nations live in a global village, some nations isolate themselves and then wonder what happened when the world doesn't unfold as expected. By the time North American economists even get around to discussing a common currency, whether using the U.S. dollar, or trying to incorporate a system that would include the Canadian dollar (often called the "loonie" due to the image of the bird on the reverse), and the Mexican peso, the European currency will be so entrenched in world economics that our economists would be wasting their time, not to mention tax dollars.
Recall the blessings God promised Israel if they followed the way He set out for them. "The LORD will open to you His good treasure, the heavens, to give the rain to your land in its season, and to bless all the work of your hand. You shall lend to many nations, but you shall not borrow. And the LORD will make you the head and not the tail; you shall be above only, and not be beneath, if you heed the commandments of the LORD your God, which I command you today, and are careful to observe them"(Deuteronomy 28:12-13).
An Article from:
World News and Prophecy: March 1999
Course Content
Darris McNeely
Darris McNeely works at the United Church of God home office in Cincinnati, Ohio. He and his wife, Debbie, have served in the ministry for more than 43 years. They have two sons, who are both married, and four grandchildren. Darris is the Associate Media Producer for the Church. He also is a resident faculty member at the Ambassador Bible Center teaching Acts, Fundamentals of Belief and World News and Prophecy. He enjoys hunting, travel and reading and spending time with his grandchildren.
David Palmer
Born in Saskatchewan Canada, David Palmer was first introduced to the radio broadcast of the World Tomorrow during his career in broadcasting, when the program was aired during his on air shift. In 1965 his radio career took him to Vancouver British Columbia, where he was eventually baptized, and began attending Sabbath services. He was ordained to the ministry in 1983. Now retired from broadcasting David currently pastors congregations in Vancouver, and Vancouver Island. He is also a member of the UCG-Canada National Council, and serves on the Canadian Ministerial Services Team, as well as the Canadian Media Team
John Ross Schroeder
John died on March 8, 2014, in Oxford, England, four days after suffering cardiac arrest while returning home from a press event in London. John was 77 and still going strong.
Some of John's work for The Good News appeared under his byline, but much didn't. He wrote more than a thousand articles over the years, but also wrote the Questions and Answers section of the magazine, compiled our Letters From Our Readers, and wrote many of the items in the Current Events and Trends section. He also contributed greatly to a number of our study guides and Bible Study Course lessons. His writing has touched the lives of literally millions of people over the years.
John traveled widely over the years as an accredited journalist, especially in Europe. His knowledge of European and Middle East history added a great deal to his articles on history and Bible prophecy.
In his later years he also pastored congregations in Northern Ireland and East Sussex, and that experience added another dimension to his writing. He and his wife Jan were an effective team in our British Isles office near their home.
John was a humble servant who dedicated his life to sharing the gospel—the good news—of Jesus Christ and the Kingdom of God to all the world, and his work was known to readers in nearly every country of the world.
Phil Schafer
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