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US DE DOLORIZATION, Canada + USA + Mexico could create the “Amero” - To Rival BRICS Nations

4,770 views · Published 18 February 2016 · 2:00 · Indexed 3 October 2026

Channel: Mike Martins · 2016 · News & Politics

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In this video, I'm looking at something that could eventually become one of the biggest economic stories in international trade: countries attempting to reduce their dependence on the U.S. dollar.

I was watching Brazilian news when I came across discussion about Brazil moving away from reliance on the U.S. dollar in international trade and potentially using alternative currencies.

That immediately got my attention.

For decades, the U.S. dollar has occupied an extraordinary position in the global financial system. It's used for international trade, commodities, financial transactions and central-bank reserves around the world.

But what happens if major economies gradually start looking for alternatives?

Brazil is especially important because it's one of the largest economies in Latin America and has major trading relationships extending far beyond North America. China and Russia have also been discussing alternatives to conducting international trade exclusively through the U.S. dollar.

Could this eventually change the balance of the global monetary system?

I'm not saying I know exactly what's going to happen. This video is about watching the trend and asking where it could lead.

One possibility I've been thinking about is whether increased competition from currencies such as the euro could eventually revive discussions about deeper monetary integration between Canada, the United States and Mexico.

There has previously been discussion among economists about a hypothetical North American common currency sometimes called the “Amero.”

Could something like that ever actually happen?

Would Canada, Mexico and the United States ever abandon their individual currencies for a common North American currency similar to Europe's euro?

Or will the U.S. dollar maintain its dominant position regardless of attempts by emerging economies to diversify their international trade?

These are enormous questions.

What's especially important is understanding that changes to the world's monetary system generally don't happen overnight. They can develop slowly through trade agreements, reserve diversification, alternative payment systems and changing economic relationships.

That's why I'm going to continue following Brazil, China, Russia and other major economies to see where this goes.

This isn't about declaring that the dollar is disappearing tomorrow.

It's about watching where international trade is moving next.

Let me know what you think: Will the U.S. dollar remain the dominant global currency, or are we entering a genuinely multipolar currency system?

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