American Union Bank (New America)

The American Union Bank is a centralized bank started by the American Union which monitors North American financial situations, maintain price stability, monitor inflation and deflation, oversee trade and foreign loans and print and give out American Dollars. The AUB was established through the Freedom of Continent Act, the passage which created a centralized bank passed by a vote of 299 voting pro, 249 voting against and two abstaining in 2007.

Economic recession: Elizabeth Warren's Bank
The Bank's President was selected by a vote in the AU shortly after it's creation, Professor Elizabeth Warren became President but under heavy fire from those on the right that the Bank's President should be centrist, which Warren was considerably not. She was approved by a slim majority 280-270 and those on the right said she would fail the AU. She oversaw new AU regulations and the creation of a currency adopted by five member states, New England, Acadia, Quebec, Polar Republic and Pacifica. During a global reccession her economic outlook and push for regulation in even conservative countries have showed that AU countries were more ready to face the recession that other global countries. Unemployment rates and debt both rised but compared to other countries the AU stayed strong and were able to insitute new financial reforms. During the recsseion the AUB set up the AUB Foriegn Fund which was able to lend money to other strugling nations at high interest rates. About 4.8 million was sent to the United Kingdom, with 10% interest due 2020, the deal was officially signed by Gordon Brown and AU President Barack Obama, the other .2 million was sent to Ireland with 15% interest due 2016. In 2011 Elizabeth Warren stated that the "AU recession was over" and that "countries should prosper and join together to solve problems.

Elizabeth Warren will step down as AUB Preisdent in 2014, after filling out the maximum of a eight year term, Warren has said she will join New England politics afterwards. Warrenism is a sort of ideology that through cooperation, progressivism, but the powers of the AU kept at bay could lead to a prosperous continent. The Ideology, in theory was already accepted in leftest ideologies but gave it more credibility. Warrenism contrasts Contiscepticism, which thinks through reduced AU presence will lead to prosperity and is held in more conservative ideologies.