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It has been a very long time since any nation has successfully annexed an historically sovereign nation without massive bloodshed. Don't count on it happening there.
The world's present nationalistic paradigm if very, very resistant to annexations. Nations split apart more often than they merge.
Wasnt there going to be a Latin American version of NAFTA involving rail connections from Mexico to the Central American countries & possibly even into South America if it wasnt for the Darien Gap.
That would of been a boost for the Central American economies.
I could also see a loose union of sorts of Honduras, El Salvador, Nicaragua, and Guatemala. I don’t see Costa Rica or Panama being part of it, Belize is also less likely. They would most likely form a entirely new currency or adopt the US dollar like El Salvador and Panama all ready have. I don’t see any changes in actual national borders.
A now retired US Republican senator from Florida Connie Mack III, is a politician who served two six year terms from 1989–2001 had a background in banking.
He felt that any Latin American country that wanted to switch to the USD should be given the banknotes for a minimal cost of producing them. As long as they kept up certain goals to prevent money laundering, they would also be given a yearly stipend. The reasoning is that paper banknotes don't cost very much to produce and to sell them at face value made it difficult for a country to dollarize. The solid currency and stable financing would make the Latin American country a better trade partner for both Northern America and Europe, and it would have the added bonus of decreasing the need to emigrate to look for better wages.The proposal called for no efforts on the part of the USA to encourage a country to dollarize. It was meant only to help countries who had made the decision by giving them the banknotes at minimal charge.
Panama has used the USD for over a century. El Salvador had a stable currency, but they have such a large population of immigrants in the USA that the government reasoned that it was actually costing them more to have their own currency. Ecuador switched to the USD in 2000 after a massive depression occurred after the 1997–98 El Niño, which was regarded as one of the most powerful El Niño–Southern Oscillation events in recorded history, resulting in widespread droughts, flooding and other natural disasters across the globe. Euador's largest denomination banknote was worth US$2 at the time of the transition.
Connie Mack's proposal was rejected by the US Senate and never got out of committee.
I've always felt that a small Central American nation should try to adopt an electronic currency. Once the banknotes and coins are gone, it would be easier to fix the exchange rate to the USD and accept larger value US banknotes in transactions.
The largest banknote in Guatemala is the 200 GTQ = USD$27.24
A now retired US Republican senator from Florida Connie Mack III, is a politician who served two six year terms from 1989–2001 had a background in banking.
He felt that any Latin American country that wanted to switch to the USD should be given the banknotes for a minimal cost of producing them. As long as they kept up certain goals to prevent money laundering, they would also be given a yearly stipend. The reasoning is that paper banknotes don't cost very much to produce and to sell them at face value made it difficult for a country to dollarize. The solid currency and stable financing would make the Latin American country a better trade partner for both Northern America and Europe, and it would have the added bonus of decreasing the need to emigrate to look for better wages.The proposal called for no efforts on the part of the USA to encourage a country to dollarize. It was meant only to help countries who had made the decision by giving them the banknotes at minimal charge.
Panama has used the USD for over a century. El Salvador had a stable currency, but they have such a large population of immigrants in the USA that the government reasoned that it was actually costing them more to have their own currency. Ecuador switched to the USD in 2000 after a massive depression occurred after the 1997–98 El Niño, which was regarded as one of the most powerful El Niño–Southern Oscillation events in recorded history, resulting in widespread droughts, flooding and other natural disasters across the globe. Euador's largest denomination banknote was worth US$2 at the time of the transition.
Connie Mack's proposal was rejected by the US Senate and never got out of committee.
I've always felt that a small Central American nation should try to adopt an electronic currency. Once the banknotes and coins are gone, it would be easier to fix the exchange rate to the USD and accept larger value US banknotes in transactions.
The largest banknote in Guatemala is the 200 GTQ = USD$27.24
I haven’t heard of Mack before, but I would support that plan. A more stable and prosperous Central America would greatly help all of North America. We’d get less illegal immigration, we’d have more help fighting drug trafficking, and I believe it would help the US dollar become even more stable. Never having to change currency would also help with trade. I’ve never understood US foreign policy, Central America and the Caribbean should be our highest priority. We have a ton of poverty right on our borders and it’s only a matter of time before it starts pouring over, well it’s already been happening for a few decades.
Dollarizing isn’t going to make a country prosperous by itself, but the 3 countries ( El Salvador, Panama, and Ecuador) that have done it have all greatly improved relative to where they came from.
Dollarizing isn’t going to make a country prosperous by itself, but the 3 countries ( El Salvador, Panama, and Ecuador) that have done it have all greatly improved relative to where they came from.
Are you sure? El Salvador is still very poor. 0.68 of HDI and still send a lot of migrants to USA.
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