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October 7, 2008 at 08:54:38

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SO SAY THE BANKERS: Learn to Love the 'AMERO'

by Patrick Henningsen     Page 1 of 3 page(s)

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If you've been following financial events over the last 12 months then you would have witnessed one failed financial instrument after another. Cause and effect. You cannot write out $850 billion banker-bail-out cheques without certain consequences...  we can postpone the inevitable but we can’t avoid the financial reckoning that awaits us. 

The markets have come to the sobering realization that the Bush administration's $850 billion rescue plan won't work quickly to unfreeze the credit markets, and that many banks are still having difficulty gaining access to cash. That's caused investors to exit stocks and move money into the relative short-term safety of government debt.  

But if you had a bird’s eye view of events since 2000, then you will have seen a lot more than that- you will have witnessed the devaluation of the US Dollar by nearly 70%. During this period, the Federal Reserve Bank repeatedly printed large sums of money and pumped it into the system, further devaluing our nation's Fiat currency beyond recognition. Foreign dollar reserves disappearing as these devalued dollars get dumped on to the international money markets.  

The ‘Bail Out Bill’ is not the last bail out, but it does mark a point in US history. It essentially signals the takeover of the US by private bankers. Congress has essentially  handed over $850 billion in unmarked bills to the very cartel who engineered the financial crisis in the first place. This so called rescue package was sold to the American public as a “plan to save us”, yet it is us the people, whose taxes have been used to run this entire façade, who will be left with nothing but an over-inflated money supply and the increasing spectre of stagflation.

So do not be surprised in about two years time, when the Central Bankers will rear their heads and say "hey, here's a new currency. This will solve all of our economic problems".

The Amero: North American Common Currency? 

You can say it's a myth, but that won't make it disappear. Before it was introduced, was the EURO a "myth" too? We're half way there... like the great bail out, Americans will be manipulated to accept even more, increasingly extreme solutions to successive fiscal panic events.

America could soon gain painful first experience- the same pain it has often induced in countries like Argentina, Mexico, Germany and Brazil... hyper-inflation. As a part of a 'relief package', the “Amero”- the ultimate financial instrument, will be presented as a pre-packaged panacea or 'rescue' by our saviours- the bankers.

If you've been following the developments regarding NAFTA(North American Free Trade Agreement) then you would already know something about the possible nature of this new currency- it's real and is seen by advocates as a natural extension of the North American Free Trade Agreement (NAFTA) and the Security and Prosperity Partnership of North America and it will likely be a done deal by the time it reaches the public announcement stage which means that American would have to literally accept it at face value. 

The brilliant idea for a "North American Currency Union" was first proposed in 1999 by Canadian economist Herbert G. Grubel. A senior fellow of the eminent conservative think-tank, the Fraser Institute, he published a book titled The Case for the Amero, the same year that the EURO came into circulation. Another Canadian think-tank, the C.D. Howe Institute, advocates the creation of a shared currency between Canada and the USA. Canada might stand to benefit- and so it has its fans up north. But the Central Banks will be creating it and lending it out, so you can bet that their plans are being drawn as we speak. Of course, Americans might very well be the last to know(surprise) and could be hurt the most(in more ways than one). We are the fat cow in this scenario.

As the US dollar continues to fail and continues to collapse in the face of massive infusion of liquidity, more talk will begin to appear about a possible North American common currency, the Amero, as a solution. The US and Canadian dollars, along with the Mexican Peso, will be phased out and replaced by a common North American currency, which, of course, would eliminate the U.S. Constitution in the process.  

This may postpone, but not stop the eventual collapse of the dollar and the worlds consumer society. The dollar which will become basically worthless after the exchange for the Amero and will have little international value, and thus not be transferable to Swiss Francs, Pound Sterling or to the Euro.

And thanks to the garbage legislation like the Bail Out Bill and the US Patriot Acts, which included currency controls and banking and secrecy laws aimed at non existent terrorists, few Americans will be able escape the effects by opening up accounts offshore denominated in Swiss Francs or Euros before the announcement of the Amero.

But the core problem with our money begins and ends with our own, privately owned banking cartel known as the US Federal Reserve Bank. If you understand who owns the Fed, you will know that US dollars are essentially printed by the same private banking institutions who print the Euro. The Amero is about expanding this bank’s operation out to Mexico and Canada, essentially allowing the European Central Banks(and their US Federal Reserve "franchise") to gain complete control over the entire money supply of North America. The Amero will simply bring us one step closer to a global currency... and one step closer to a global government.

To a naïve globalist cheerleader, the Amero may seem like a good idea, but it will be a historic disaster for the people of the United States. As we've seen recently, foreign interests will continue to scoop up both state and private assets, all at rock bottom prices. NAFTA advocates our borders becoming open with the last manufacturing jobs eventually leave the United States. Millions of remaining jobs will scatter with the four winds.

Also realize that a Police Super-State/Tax Collection grid can easily be activated to enforce a number of new laws and collect new global taxes(carbon taxes being one form).  

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Patrick Henningsen is a Writer and Communications Consultant. He has worked in the Hi-tech, entertainment, charity and government/political sectors. When it comes to political parties, Patrick is non-partisan and tends to lean towards the (more...)
 

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10 comments


Learning to love my new single currency....

Bring it on!

by Patrick Henningsen (7 articles, 0 quicklinks, 1 diaries, 35 comments [8 recommended, 0 rejected]) on Tuesday, Oct 7, 2008 at 2:34:35 PM

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Reply: Amero

I hope your wrong about this, but I have heard so much about the Amero in the last couple of years that I wouldn't doubt what you say. Just look at other test patterns like the Mexican truck drivers coming into the states to run goods on the future super highway. I just wonder if there is enough "We the People" to stand up and fight this, or will we just lay down and listen to our Ipod's.

by Jay Timmins (0 articles, 0 quicklinks, 0 diaries, 113 comments [5 recommended, 0 rejected]) on Tuesday, Oct 7, 2008 at 4:56:04 PM

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Reply: I bloody hope so!!!

I hope I'm wrong about this as well, that why I posted this- because if enough people read it, then I will be wrong!!!

 I also hope I am wrong about the dollar crash, Martial Law, Iran, and the draft.

by Patrick Henningsen (7 articles, 0 quicklinks, 1 diaries, 35 comments [8 recommended, 0 rejected]) on Wednesday, Oct 8, 2008 at 3:40:29 AM

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Reply: I Wish I Was Wrong

That would make a great new acronym - IWIWW, but ...

Last night, my wife got mad when I reminded her I wanted to sell our house two years ago and sit on the cash.  She said, "You are so happy everything is bad now, so you can say you were right."  I asked, "Do I sound happy?" 

After she blocked my every attempt to sell our house two years ago, I prayed I was wrong.  And now, I'm very unhappy I was right.  I added, "I would sound happy now if I was wrong!"

I have the same feeling now about the banks, the Amero, the NAU, etc, like you are saying.  I'll be very unhappy two years from now, if I have to say IWIWW, but ... I agree with you.

by Paul Rye (7 articles, 2 quicklinks, 22 diaries, 500 comments [44 recommended, 1 rejected]) on Friday, Oct 10, 2008 at 5:09:41 PM

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Reply: No myths here... all facts- google them all.

Hey Leep,

 What are the  conspiracy theories here? All of that mentioned in my article is documented and you can check it point for point through google.

Show me the myths, please!

To NOT want to know that your own Federal Reserve is a private bank with private shareholders... is no different than claiming ignorance.

by Patrick Henningsen (7 articles, 0 quicklinks, 1 diaries, 35 comments [8 recommended, 0 rejected]) on Wednesday, Oct 8, 2008 at 9:57:01 PM

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Reply: AMERO 101 lessons for Leep...

HA, HA. You can say it's a myth, but that won't make it disappear. By your logic, before it was introduced, the EURO was a "myth"...?

In Canada it's being discussed at the highest levels, and throughout all N. America real money is being spent- at Universities and Policy Think Tanks to research and draft policy papers and models for a North American Single Currency. Some some Mexican brass is on board. It's real and is seen by advocates as a natural extension of the North American Free Trade Agreement (NAFTA) and the Security and Prosperity Partnership of North America . We just call it the AMERO for now.

The idea for a North American currency union was first proposed in 1999 by Canadian economist Herbert G. Grubel.[1] A senior fellow of the conservative Fraser Institute think-tank, he published a book titled The Case for the Amero in September 1999,[2] the year that the euro became a virtual currency. Another Canadian think-tank, the C.D. Howe Institute, advocates the creation of a shared currency between Canada and the USA. Canada might stand to benefit- so they will push it. Americans will be the last to know and will be hurt the most(in more ways than one). We are the fat cow in this scenario.

"Bank of Canada Governor David Dodge says North America could one day embrace a euro-style single currency.

But to get there, Canada, the United States and Mexico must first tear down barriers to the free flow of labour, which he pointed out Monday have “gotten a bit thicker” in recent years.

Answering questions from the audience after a speech in Chicago, Mr. Dodge said a single currency was “possible.”

It was soon introduced as a monetary foundation of "macro economic cooperation" among the three NAFTA countries by Dr. Robert A. Pastor, Professor of International Relations at American University, a member of Council on Foreign Relations(CFR), who served as co-chair and a member of the 2005 CFR' Independent Task Force on the Future of North America. [7] [8].   

If Canadians are going to debate the idea of a single North American currency, "now is the time it should be on the table," according to the chief economist at Toronto Dominion Bank [Don Drummond]...

[...discussion of and promotion of the Euro...]

...So, if you believe the single currency has been a good thing for Europe, could it be a good thing for North America?

"If you go back to FTA and then NAFTA," Drummond said, "the Number 1 premise behind those from a Canadian perspective was a message to the world: 'Locate in Canada and you have free unfettered access to the wealthiest market in the world.'

"That was true to some extent, but you've had two irritations. One, you don't have a common currency, so you have exchange rate risk if you're operating in Canada. The second is the border difficulties.

"Clearly, a common currency, or at least a linked currency, would address one of those two," Drummond said.

[Canadian Imperial Bank of Commerce/CIBC World Markets economist Benjamin Tal] argued "the costs of a single currency and the loss of monetary policy independence outweigh the benefits...

You can bury your head in the sand and plug your ears- or you can get ahead of the curve... or 'myth it" and grab a another beer.

 If you are serious about the subject then dig a little, do some research, and GOD forbid... DEBATE the issue!!!

More links:

http://www.globalresearch.ca/index.php?context=va&aid=7854

by Patrick Henningsen (7 articles, 0 quicklinks, 1 diaries, 35 comments [8 recommended, 0 rejected]) on Thursday, Oct 9, 2008 at 12:52:40 AM

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Reply: Here are the videos of folks admitting it

Here are an investment banker AND Vincente Fox talking about the Amero:

NAU:  click here http://www.youtube.com/watch?v=gYGrn0hZlCQ

AMERO: click here

You can put your head in the sand all you want, it doesn't change reality. This was planned a while ago, and it's coming to fruition.  The imminent economic collapse of the US$ is only part of the plan: the short-term war between the US and Europe is minor, the endgame is global currency.

by Captain Obvious (0 articles, 0 quicklinks, 0 diaries, 2 comments) on Thursday, Oct 9, 2008 at 10:04:25 PM

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Reply: Differences between the EURO scenario and the AMERO

Differences between the EURO scenario and the AMERO:

EURO
British Pound= strong
French Franc= strong
German Deutchemark= strong
Planning time= 30 years
European public= smart & interested
Regime climate= regulatory
Result= OK (for now)

AMERO
American Dollar= rubbish
Mexican Peso= rubbish
Canadian Looni= strong
Planning time= 5 years
N. American public= brain-dead & disinterested
Regime climate= non-regulatory
Result= Disaster
(Unless you work in Wall St, you will lose at least half your net worth)

by Patrick Henningsen (7 articles, 0 quicklinks, 1 diaries, 35 comments [8 recommended, 0 rejected]) on Thursday, Oct 9, 2008 at 11:00:20 PM

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c'mon now.

I've been reading all about the collapse of the dollar, the consequences, and the potential emergence of the Amero. The problem is, its all from conspiracy theorists and amature blogs. The most reliable source I've come across even mentioning the Amero is Lou Dobbs, and a mention in the Canadian Free Press. Give me some solid evidence that this is really happening, not just hearsay.  (Honest request, not smart ass challenge.)

by ryan nelson (0 articles, 0 quicklinks, 0 diaries, 2 comments) on Thursday, Oct 9, 2008 at 10:23:56 AM

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Dear Leep

If anyone has any question of the reality of the NAU and it's future currency, please see http://www.amerocurrency.com/intro.html

by stienster (0 articles, 0 quicklinks, 0 diaries, 10 comments) on Thursday, Oct 9, 2008 at 12:54:39 PM

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