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04-24-2007, 03:58 PM #9
OPSenior Member
10 for a dollar
You've absolutely nailed it! Here's the rub: most median income familys in USA have at least a 200 thousand dollar mortgage with payments from 1500 per mo. and up. How in the heck will these people be able to survive on minimun wages when their good paying (Union) jobs are history? Truck drivers that earn a living wage (40-80 K) will be replaced by Mexican truckers that earn ???. Dock workers you already mentioned, and all the support people the trucking industry supports, Mechanics etc. I'm sure the truck mfg.s will have plants in mexico. So how much will the Amero be worth? the Peso is around ten for a dollar, and Canada is what 85 cents to a dollar, so pick a median figure, and a dollar would be about worth 20 cents, so the minimum wage would be about a buck fifty an hour, I can hardly wait, My pension will be about 250 Bucks a mo, and my mortgage is 800. I wonder what the banks will do? Devalue the worth of every loan to meet the value of the Amero. It's mind boggling.
Originally Posted by fishman3811
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