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By John Ross Crooks I just received another email – this time from a random email contact who doesn’t follow the markets and has no idea that I do – regarding the secretly soon-to-be released Amero currency.

It was the same YouTube-type video that I’ve seen before. Just in case you’re not up to speed with the various conspiracy theorist movements, the Amero is the currency that will supposedly be released all over North America and immediately replace the U.S. dollar upon its introduction.

Frankly, it’s troubling that some guy who looks like he’s broadcasting such an outlandish message on a webcam outside an elementary school or shopping plaza can incite such worry and fear. Unfortunately, scaring people into believing something they know little about, regardless of the facts, is the easiest sell.

Sure, maybe 10, 15 or 30 years down the road these comments won’t appear so outlandish. But if I heard correctly, again, then this fellow put a target date of 2009 on his Amero prediction. The clock is ticking…tick-tock…tick-tock…

Usually when readers send me this kind of thing, people want my opinion. And typically I have no problem giving it to them. My articles have been laced with our view (especially recently) of why the U.S. dollar is not set to lose its position as World Reserve Currency, much less be replaced entirely and cease to exist.

The thing is, when you’re arguing in favor of the U.S. dollar these days, it’s kind of like arguing in favor of either of the top two U.S. presidential candidates. You make a solid case opposing one candidate, but when you’re asked why you favor the other you can’t seem to round up much to say except that he’s “less bad.” That’s what the U.S. dollar is right now: “less bad.”

So while I still believe and expect for a lasting U.S. dollar rally, it’s not an easy task selling fruit that’s growing on rather pathetic looking tree…but that doesn’t mean I won’t keep trying.

Best Regards,
John Ross

EDITOR’S NOTE: All our currency experts agree: The dollar will be rallying for at least the first quarter – possibly longer. But that does NOT mean you should turn your back on foreign currencies. On the contrary, Jack and John Ross Crooks are using traditional foreign currency plays to profit from this dollar rally. In fact, they’ve already recommended a couple “pro-dollar” plays that could bring in triple-digits in 2009. Get the details here.

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