One wonders about the effect on the USA. The Dollar Supply is controlled by the Fed, which is supposedly adjusting it by controlling overnight lending rates and reserve rates among member banks. Now that Banks in Eucador are using dollars are they controlled by the Fed? I don't think so. Can't they create as much money as THEY want, not as much as Alan and his band of gnomes think they should have. They (Ecaudorian bankers) have a record of too much liquidity. What prevents them from causing dollar inflation. Dollars created in Ecaudor are not immediately available and transferable to the US market, but neither are they completely isolated.
Perhaps they are so small this is not an issue. What happens when Mexico, a much larger economy with many more ties into the USA goes this route?
I do not see this as a good trend for American citizens. It is yet another internationalist assault of the very idea of national soverignity. At least in Europe there was a semi-democratic process when they decided to move the continent to a single currency.
Here in the Americas it is being done "out of sight". I remember the stories (no doubt true) about 747s full of dollars being flown down five years ago. Did Congress authorize that?
Wake up sheeple! Your losing the Republic!!