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).