An Amero For Your Thoughts

The dollar has been poised to collapse since 1980.  Turns out Iraq had no nuclear weapons but, by rejecting the dollar in favor of the euro, Iran, North Korea and Venezuela now have weapons of Financial Mass Destruction to use against the U.S.  By converting most of their currency reserves to Euros they threaten our ability to export our debt.

So, we're hearing "it's time to go in a new direction."- What new direction?
Probably the North American Union (NAU) or some other Hyperinflationary scheme. The NAU is the formation of a supranational organization, modeled on the European Union that will fuse Canada, the United States and Mexico into a single economic and political unit. Dollars and pesos will be phased out and replaced with a common North American currency called the Amero.
How will they get away with this?  We'll demand it. And it won't be the first time public outcry resulted in the monetary system being stabilized.  After the panic of 1907 President Theodore Roosevelt signed into law the bill creating the National Monetary Commission. Americans will welcome the NAU and the Amero because they are being conditioned to believe their voices do matter, they will think it was their idea and that it was  "just." 

Robert H. Hemphill, Credit Manager Atlanta FED, writes: We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied soon."

Behind every consumer society is the reality of a credit based monetary system. Behind every foreclosure and American Dream there is a fiat currency.

Ted Butler, a brilliant researcher who recognized early on that silver is both a precious metal and an Industrial commodity, has been writing about the manipulation of the price of silver for years and waiting for the day when silver will skyrocket, he writes:

“Few know that, as a result of a structural deficit that lasted for more than 60 years, world silver inventories have been depleted to levels 90% less than what existed 65 years ago. Few know that, as a result of this depletion caused by industrial consumption, there is actually less investment silver in the world than there is gold, even though gold is more than 50 times the price of silver. Few know that silver has the largest concentrated short position in financial history.”

Silver is manipulated by the largest short position in history but when Butler is asked if the manipulated downward price is consistent with a strategy to encourage the purchase of silver, he finds it difficult to explain a greed and profit motivation and instead reiterates:

“My main motive has been and still remains doing what I can to end this manipulative crime in progress”. 

Ted Butler apparently is not familiar with Ney’s first law of financial markets.  Richard Ney wrote two best selling books published in 1973. Making it in the Market and The Wall Street Jungle, Ney’s law: A stock, or in this case, gold and silver do not move up or down in price because you buy or sell; You buy or sell because the price of gold or silver moves up or down. In other words greed motivates people to buy on the euphoria of the price of gold and silver rising and panic causes them to sell. In the case of silver the low price discourages an investment in silver.

What Butler and the rest of the consumers do not understand is that without our fiat currency and the “puppet masters” manipulating the paper price of silver and gold to keep us from buying, our consumer society and the Federal Reserve would never have gotten off Jekyll Island in 1910.

 

Robert Singer is a retired information technology professional and an environmental activist living in southern California. In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology (more...)
 

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