Ever heard of it?
It's coming. It's like the Euro, but more North Americany.
The Amero is a proposed common currency between the U.S., Canada, and Mexico. We've already got NAFTA so why not, I guess? It would speed up trade and commerce.
However, we would be giving up a large chunk of our sovereignty. Doing this would start the process of eventually mushing together one country out of our three. The United States would end up just being averaged in with all of the rest of the countries. I could see us and Canada doing something, but why would we ever want to be more open with Mexico?
What would be a first step in implementing a new currency? Perhaps, devaluing the dollar so that this could be the solution.