The disgusting year of the credit rat

"The entire banking system will go bust in the Untied States this year, in a highly visible manner, as the entire world watches in total horror. The nation in custodial duty for the world reserve currency, the USDollar, will suffer a failed banking & bond system, which undoubtedly will result in a grotesque USEconomic recession. It is just a bit late in its arrival. The parade of disasters will be mindboggling, offering little respite."

~Jim Willie CB

Intelligent Design by Amero.at

"I am…disgusted by both parties at this point, especially because we have no one of substance taking on very severe issues, like the trade deficit and federal deficit that are going to create terrible times for people in this country if they are not addressed. [...] so we're talking about a global crisis of unprecedented proportions. Probably one that could lead to the collapse of the current currency system."

~John Williams

Walter J. “John” Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune
500 companies.

Merry Fiat Christmas!

Know why

Do you want to know why we have a completely ineffective border policy?

Do you want to know why the Dollar has been sacrificed?

Do you want to know why we've outsourced our manufacturing base?
WATCH OUT

The hidden candidate

This letter is in response to Gregory Hudson's Dec. 2 opinion on the presidential race lacking a real debate on poverty. One candidate has spoken and written on numerous occasions about issues that directly relate to the poorest American citizens. If you do a little digging on what he is advocating you will begin to understand that what he is trying to tell America is the only way we will ever be able to significantly reduce poverty. [...] He has taken on Greenspan and Bernanke about the hidden tax of "inflation." He is trying to educate us to the fact that this is a tax not only upon the poor and the elderly on fixed incomes, but a tax that will eventually affect the middle class.

Source: The Shreveport Times

Dr. Ron Paul -- the hidden candidate

Conspiracy deniers stimulated till 2010?

North American Union by 2010, be very afraid, writes Robert Bruce Acheson of Morning Sententiel: Globalist bankers work for years to subvert our freedoms, yet little is done by our own government to prevent them. [...] Our Constitution is betrayed, our Bill of Rights trampled. American sovereignty is ending, our American dollar will be replaced by the "amero," much the same as the euro has become the European Union currency. A talk show host recently commented, "Americans are no longer interested in freedom: they just hope that their new masters will be kind." History shows that no master is kind. Become informed [and start asking questions!]

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Conspiracy Deniers Delight In Their Attempt to Debunk the Obvious

Evidence that the leaders of Canada, Mexico and the U.S. are working to merge the three countries into a North American Union has alerted and alarmed many. It has also stimulated some conspiracy deniers. But their denials skip over numerous reasons for concluding that a plot, similar to the one that brought 27 nations under the rule of a European Union, does indeed exist.

NAU just a couple of years away

The next giant step toward world government will be integration of the U.S., Canada and Mexico in European Union-style merger in the next few years, says the author of a best-selling book on the power of shadowy international organizations promoting the move. [...]

"I would say [it's just] a couple of years away," reports Daniel Estulin, author of "The True Story of the Bilderberg Group."In his new book, Estulin reveals the first efforts in this plan date back to 1996 when the elite Bilderberg Group first discussed plans for the dismantlement of Canada as an independent nation and proposed its merger – minus Quebec – with the United States into a Greater North America.

"Actually, the North American Union, or rather a Canada-U.S. merger, was initially discussed shortly after the Reagan-Bush candidacy won the White House," he says in an interview with WND. "Upon taking over the reins of the country, George Bush and Ronald Reagan called in the presidents of the key trans-national companies and asked them for the real picture. The money people told them that if the United States were a corporation it would have to be shut down immediately. It was bankrupt."
The solution proposed then, according to Estulin, was merger between the U.S. and Canada.

~WorldNetDaily

क़ुइन्तेस्सेन्तिअल् quintessential paranoia

If you haven't heard about the NAU, that may be because its plotters have succeeded in keeping it secret. Or, more likely, because there is no such thing. [...] As fears of the mythical NAU grow, they appear to be subtly shaping more mainstream debates about immigration and trade. [...] The NAU may be the quintessential conspiracy theory for our time, according to scholars studying what the historian Richard Hofstadter famously called the "paranoid style" in American politics.

~Drake Bennett, Boston Globe

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With conspiracy theories running rampant on the Web about a secret plan to create a North American Union with an "Amero" currency, the comment in a television interview sent chills down some spines. Economists say, however, that the idea of a regional currency for the United States, Canada and Mexico — however tantalizing for some in their ranks — is highly unlikely, primarily owing to domestic politics.

~Eunice Moscoso, Washington Times

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While the income tax needs to be eliminated, the IRS needs to be abolished and the 16th Amendment to the U.S. Constitution needs to be repealed, the Fair Tax legislation deals with these issues ineffectively and distracts people from the bigger problem.
Emblazoned across the top of our currency is "Federal Reserve Note." This paper is printed out of thin air, not being backed by gold or silver. One dollar today is worth four cents compared to one dollar in 1913, the year that Congress -- without the constitutional authority to do so -- created the Federal Reserve, our central bank. The "Fed" is a private bank run by unelected officials we cannot hold accountable.
Every penny of the federal income tax is used to pay our public debt, which topped $9 trillion for the first time this year. Debt ceilings have been extended time after time because the federal government is too big, does too much and spends more than it takes in. [...] Realize that the collapse of the dollar is all globalists need to merge Canada, the United States and Mexico into a North American Union, with the "Amero" as our common currency. Ron Paul wrote, "Only when the people demand the federal government stop trying to meet any and all demands, and instead return to a constitutionally limited republic, will the list of programs subject to waste, fraud and abuse be dramatically reduced."

~Vicki Simons, Augusta
Chronicle

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The Boston Globe mocks Ron Paul and the idea that the US might be carrying out its ancient goal of annexing Canada and Mexico in the name of the North American Union, or foisting on us a new and even softer fiat currency called the Amero.
Of course, Ron Paul is right to call attention to this establishment scam.

~Lew Rockwell

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A former Carter administration official writes a book and serves on a CFR working group about greater economic ties between the US, Canada, andv Mexico and talks about a common currency and people go apeshit. It was just an idea. Just because someone suggests a common currency between the NAFTA members doesn’t mean there is a plan to adopt one. [...]
To sum up the North American Union, it doesn’t exist outside of some books and the occasional think tank discussion. There is no plan to create one by the governments in North America. Now can we start discussing the real issues affecting this country and can we start defending our liberty against real threats, instead of making up phony threats.

~"Kevin", The Liberty Papers

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Amero's favorite pastime suggests he's both patient and persistent. An avid fly-fisherman, his idea of a great vacation is a fishing trip with his family, including all four children, ages nine to 17. "You've got to be stubborn and lucky in fly-fishing," he says.

~Treasure Hunter, Barron's Online

Thanksgiving Reading

We have often reported that since 8/15/71 it has been all down hill for the American economy. That is the date we left the Gold Standard. Since then there has been a decline in the purchasing power of the dollar. A decline that has forced a need for two incomes to replace the one income that was needed in 1970.

What has been in process during the last 37 years is the disappearance of our middle-class and the limited ability to reach middle-class status. Our fiat currency has brought us decline and will eventually bring us impoverishment. [...] The right man for our time, now, is Ron Paul. He can take the average American where we all want to go and that is to prosperity and freedom. In the process in our primaries we have to defeat every incumbent so we can get the refuse out of Congress. [...] We are headed toward another great depression and Americans are occupied with sports, movies and DVD’s, as well as totally managed news.

They are not concerned that millions of jobs have been lost to illegal aliens and that their college graduate children cannot get jobs because they have all been outsourced to other countries. [...] America has no pride left; it has become a nation of con men and crooks. Only the poor and habitual criminals end up in jail. [...] If we do not act soon and elect Ron Paul and defeat the incumbents in the primaries there won’t be anything Americans can be proud of, like our manufacturing, tool and die shops, steel mills, etc., which have long ago left our shores. America is asleep and it had better wake up soon.

~Bob Chapman, 21 Nov 2007

The war on honest money

Most of you, as American citizens, are being robbed blind. [...] What is the root of the problem? Our money and the people who print and “manage” it do so for their own interests only. This system of money was designed to take from the unsuspecting. [...] The epicenter of current worldwide financial stress is the United States, but citizens around the globe are subject to similar abuses. There is no honest money to be found anywhere you look. The Liberty Dollar, an honest money endeavor, was just shut down by the U.S. government. [...] Honest and sound money protects the middle class, savers, and those on fixed incomes. These are the folks most in jeopardy during our present banking and monetary crisis. (by Dr. Russell McDougal)



Bilderberger Daily (aka The Washington Post) reports:

The lack of confidence that many Paul supporters have in U.S. currency may well be one reason why they are sending so many of their greenbacks to Paul's campaign, and thereby making his outsider libertarian bid for the Republican presidential nomination a force to be reckoned with. For sound-money supporters who fear a coming collapse in the value of the dollar, it makes eminent sense to send a few hundred dollars to the one candidate who is arguing for a monetary revolution, instead of simply watching that money rapidly crumble in value. [...] Norfed, which is based in Evansville, Ind., says that in the last decade it has put into circulation more than $20 million in "Liberty Dollars," metal medallions and paper certificates that it says are backed by silver and gold stored in Idaho. The group's founder and director, Bernard von NotHaus, says that federal agents seized more than 50,000 copper "Ron Paul Dollars" that the group was selling for $1, in addition to smaller amounts of silver Ron Paul Dollars that sold for $20, gold ones that went for $1,000 and platinum ones that went for $2,000.

Got Lopedos?

Forget Canada-U.S. currency exchange rates. We have this other perpetually irksome currency problem that requires attention - whether our dollar is below par, at par or above par. Regardless of the relative worth of the dollar, we lose plus-or-minus 4 cents off the top every time we convert one of them into U.S. funds. [...] Monetary unions have proven that every little country doesn't need its own currency - and, indeed, that many of these countries perform better when they join a neighbourhood currency. Canada, of course, isn't every little country.

We're a full member of the G8, the club that produces two-thirds of global GDP. We're definitely not El Salvador. But, really, so what? Three big-league countries of the G8 (Germany, France and Italy) are themselves euro countries. And Canada's extensive economic integration with the U.S. makes the need for some kind of bi-national currency obvious - and some form of interchangeable currency almost inevitable.

But dollarization, the option of last resort, would be intolerably embarrassing. Monetary union would be politically difficult - for the U.S. as much as for Canada. The hypothetical "amero," so detested by conspiracy theorists on both sides of the border, tilts linguistically to Mexico, which doesn't help; one reader of this column suggests "lopedos" (for loonie, peso and dollar) - but this formulation sounds too much like "Laredo," which celebrates either the oldest border crossing between the U.S. and Mexico or a popular brand of Jeep.

Source: ReportOnBusiness.com

Amero.AT

Amero.AT (Austrian economics) = the most up-to-date Amero Watch Blog ... that brought you the highly relevant You Tube video:

AMERO WATCH
(12,000+ views in 2 months!)



"The Amero coins may be fantasy, but the death of the US dollar is only a matter of time."

Anti-Amero Rally

Thousands of supporters - what Dr. Paul called "the largest rally he's seen yet" - braved the cold to support the congressman, who has proposed policy changes like eliminating the federal income tax and curbing government spending overseas.

"Foreign policy is where we can save hundreds of millions of dollars," he told a massive crowd that afternoon. "It is an economic crisis when we spend more than we have."

Big on constitutional rights and government restraint, Dr. Paul said there needs to be a mindset change with regard to national sovereignty, individual freedom and personal property rights. [...] If elected, Dr. Paul vowed to never raise taxes and favors a non-interventionist approach to foreign policy. In keeping with his defense of national sovereignty, he proposed withdrawing from the United Nations and the North Atlantic Treaty Organization.

"There are plans for a North American Union and a NAFTA highway. We don't need these things or new currency called the Amero or a national identity card. What we need to do is defend the U.S. and let people run their own lives," he said.

Source: The Bulletin.us

Mein Amero - The North American Synthesis?

US Dollar >> Gold/Silver >> Amero?

The most successful method to manipulate and control society is the Hegelian Dialectic, named after its originator Georg Wilhelm Friedrich Hegel (1770-1831). It has been used by Karl Marx and Frederick Engels to support their theory of communism. The dialectic process as described by Hegel can be reduced to three parts: a recursive pattern of thesis, antithesis, and synthesis. The thesis (each idea) is opposed by its antithesis and reconciled with the thesis in a synthesis (consensus), which in turn becomes a new thesis opposed by antithesis. Hegel said that history was nothing but the expression of this flux of conflicting and resolving ideas. Since every synthesis is the thesis of a new dialectic, social change is guaranteed. The process continues until society reaches the Absolute Idea: the ultimate synthesis, giving rise to no antithesis. In the context of this document, the "Absolute Idea" is world government.


The dialectic process is at the core of all political and social manipulation. 1 Fascism against communism; capitalism against communism; democrats against republicans; conservatives against liberals; Christians against Muslims; environmentalists versus property owners; greens against libertarians; pro-choice pitted against pro-life; antiwar activists versus the neocons. The control of the conflict and resolution leads everyone into a new cycle of conflicts. 2 The right-left political dichotomy of western politics is carefully orchestrated: a classic divide and conquer Hegelian trap. Whichever side of any particular ideology we happen to adhere, our beliefs and convictions fulfills a necessary role in the grand scheme. A perpetual recursion of constant change, becoming, ceasing, contradictory aspects of tension/conflict and eventual transformation. The beneficiaries of the "resolution of conflict" are properly identified as the Illuminati.

Source: ConspiracyArchive

The biggest heist in US history

Perhaps all the bad vibes have something to do with Ben Bernanke, chairman of the Federal Reserve, appearing before the Joint Economic Committee last week and making a fool of himself, and, well, let's have Michael Nystrom, of BullNotBull.com, tell it.

First off, Mr. Nystrom notes that Rep. Ron Paul (R-Texas) was on the committee, and I think that he was, in effect, questioning the competence of Ben Bernanke to head the Federal Reserve, [...] Bernanke was hand-picked by the President, and damned near all the other people picked by Bush to do anything for the last seven years was either a laughable incompetent, a bloodthirsty fascist, a toadying sycophant or something else so corruptibly yucky, icky and terrifying that one shudders to contemplate the kind of people it took to develop the satanic Bush administration, which really angers me because these evil people are Republicans, and I am a Republican, and nowadays I am ashamed and embarrassed to be a Republican.

That is why I am voting for Ron Paul, a Republican, for President; he is the only candidate honorable enough, honest enough, smart enough, educated in economics enough and conversant enough with the Constitution to deserve the position, and who will hopefully restore honor, dignity and plain ol' smarts to the Republican Party and the office of the President of the United States, and I expect all real, trustworthy, Constitution-loving Americans else to vote for him, too, and if they don't, then I shall loath and detest them more than I loath and detest them now, which is considerable, to the point of seething hatred in some cases.

I took it from the look on his face that Mr. Nystrom is, like everyone else, predictably horrified at my rude hostility, and disappointed that I am again off the subject, which is about Bernanke testifying before Congress. He then quotes Hopefully-Soon-To-Be-President Paul saying, "they don't say inflate the currency, they don't say debase the currency, they don't say devalue the currency, they don't say cheat the people who save. They say, 'lower interest rates.' But I don't hear you say too often, 'The only way I can lower interest rates is to create more money.' So my question boils down to this: 'How can we expect to solve the problems of inflation…with more inflation?'" [...]

Apparently, everyone was needlessly distracted by my personal little "work experience" interruption, and so Ron Paul persisted, as quoted by Mr. Nystrom, by saying, "How can you pursue this policy that you have without further weakening the dollar? There's a dollar crisis out there, and people's money is being stolen! People who have saved, they're being robbed!"

Immediately, I jump up from the couch and shout at the television, "Yeah! Robbed! These stinking Federal Reserve crooks are helping the federal government steal us blind with their damned inflation!"

~The Mogambo Guru (TMG)

Greenbacks gone wild

"I put the U.S. economy up against any in the world in terms of competitiveness," says Henry Paulson. But this is the same man who said the United States was "strongly committed to a strong dollar." If the U.S. is strongly committed to a strong dollar, there is no evidence of it that we can see. A strong dollar would require a strong man at the Fed to raise rates. We don't think there is anyone that strong ready to take the job. Instead, U.S. financial policy has been in weak hands for many, many years. Deficits have been tolerated…excused…and then accepted. Now, "deficits don't matter," says Dick Cheney. The dollar has been allowed to float…free from any connection to the real world of real things. The world has been saturated in them…drenched in them…up to its neck in them. That is why the value of the dollar goes down; we see no one strong enough to reverse the policy.

Instead, government spending is out of control. The dollar is out of control. Debt is out of control. The trade balance is out of control. The Government Accounting Office says the IRS is out of control, too. [...] "I put the U.S. economy up against any in the world in terms of competitiveness," says Henry Paulson. But this is the same man who said the United States was "strongly committed to a strong dollar." If the U.S. is strongly committed to a strong dollar, there is no evidence of it that we can see. A strong dollar would require a strong man at the Fed to raise rates. We don't think there is anyone that strong ready to take the job. Instead, U.S. financial policy has been in weak hands for many, many years. Deficits have been tolerated…excused…and then accepted. Now, "deficits don't matter," says Dick Cheney. The dollar has been allowed to float…free from any connection to the real world of real things. The world has been saturated in them…drenched in them…up to its neck in them. That is why the value of the dollar goes down; we see no one strong enough to reverse the policy.

Instead, government spending is out of control. The dollar is out of control. Debt is out of control. The trade balance is out of control. The Government Accounting Office says the IRS is out of control, too.

~Bill Bonner, 13 Nov 2007

Economists vs. Ron Paul

Former Mexican President Vicente Fox predicted recently that all countries in the Americas would eventually have a common currency, much like the euro. With conspiracy theories running rampant on the Web about a secret plan to create a North American Union with an "Amero" currency, the comment in a TV interview sent chills through some conservative circles.

Economists say, however, that creating a regional currency for the United States, Canada and Mexico is highly unlikely, primarily due to domestic politics. Peter B. Kenen, a senior fellow for international economics at the Council on Foreign Relations, a think tank based in New York, said it would never happen. Kenen, author of the upcoming book "Regional Monetary Integration," said a handful of economists have proposed a common currency for North America, but that most dismiss the notion. [...]
The academic discussion about North American integration has made its way to the political stage. Last month, a GOP presidential candidate, Rep. Ron Paul of Texas, told a group of Evangelical Christians that the United States is working on eliminating its borders "with a North American Union" and "the introduction of an Amero currency."

Source: The Atlanta Journal-Constitution, 11 Nov 2007

Plan B in reserve

The U.S. dollar is at an all-time low, even when compared against the hapless Canadian loonie. Five years ago, a loonie was worth 60 cents. Today, it's worth $1.12 and climbing. Yesterday, WorldNetDaily reported that the Chinese are considering abandoning the U.S. dollar as their national reserve currency. WND quoted Craig Smith's assessment of the consequences of such a move by Beijing on our economy:

"If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play, or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations." [...] On Tuesday, the U.S. national debt topped $9 trillion for the first time in history, according to the U.S. Treasury Department's daily accounting of the national debt. Nine trillion dollars! The number is so staggeringly high that it exceeds our ability to comprehend it in monetary units.

Million, billion, trillion – in financial terms, for most of us, it means a lot of money, really a lot of money, but that is about as specific a picture as most ordinary people can grasp. [...] Over the past few years, there has been growing public concern about the emerging "Security and Prosperity Partnership" plan that some say is really a "deceptive roadmap" to a coming North American Union and a new, unified currency tentatively called the "amero."

The feds steadfastly deny such a plan exists, even as it opens the borders to Mexican truck traffic, widens the I-35 corridor from Mexico to Canada and, counterintuitively, refuses to tighten the borders with either Mexico or Canada, despite both logic and widespread public demand.

All of these things have brought me to believe that powerful forces outside of our government – like the shadowy international Money Trust members of the "Bilderberg Group" – made a decision to force the formation of the North American Union along with the amero. There decisions have been instituted in the past via the Trilateral Commission, which is the dba for the nefarious Conference on Foreign Relations. Destroying the American dollar could force the crisis that would force the creation of the North American Union. To quote the title of a book of the 1960s era, "None Dare Call It Conspiracy."

Source: WorldNetDaily, 8 Nov 2007

Amero thoughts

I think it's high time the media, Republican talk-show hosts and especially newspaper columnists, tell the public what the Bush administration, the Mexican government and the Canadian government have in store for us. [...] The common currency for this North American Union will be called the Amero instead of the dollar. Believe me, folks, they are trying to make this a reality, thereby causing us to lose our sovereignty as a free nation. [...] We need to wake up and let our politicians know how we stand on this outrage they have planned for us.

Ken Lieseke

SOUTH COLBY

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I think it's high time the media, talk-show hosts and especially newspaper columnists, tell the public what George Washington and his Virginia cronies, and the New York, Massachusetts, Connecticut, Rhode Island, New Hampshire, Pennsylvania, New Jersey, Delaware, Maryland, Georgia, and North and South Carolina malcontents have in store for us.
[...] The common currency for this North American Union will be called the dollar instead of the pound. Believe me, folks, they are trying to make this a reality, thereby causing us to be a free [?] nation.

I feel they're planning to integrate our thirteen colonies into one entity. We need to wake up and let our rulers know how we stand on this outrage they have planned for us.

Ima Royalist

Richmond


Source: Kitsapsun.com

Rage against the central banking machine

Total Fed Credit was up last week by $3.8 billion, which seems like a lot of money to us proletariat working trash, but it is mere chump change to the American banking system, which can literally compound that money to infinity at their whim, thanks to the magic of insane levels of fractional-reserve banking and zero required reserves against new deposits or loans. In short, the banks are corrupt scum, just like always, and that is why history shows that all financial crises are always caused by the banks. [...] It is certainly NOT the business of government to "make sure that people who have more money help the people who have less money", but to make sure that people are given a fair shake by hewing strictly to the Constitution, and not being made poor in the first place by the damned stinking Federal Reserve allowing the banks to create excess money and credit, and thus creating the inflation in prices that make the poor poor!

~The Mogambo Guru (TMG)

The hyperinflated United Goldilocks Matrix

Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. [...] The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. [...] The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. [...] Nobody believes our government or Wall Street any more, and gold will now forge higher no matter what machinations the cartel throws at it. The pros can now see where this is all headed as the terrifying and inexorable march to financial oblivion continues unabated in the United Goldilocks Matrix, where some people are starting to wake up from their slumber in their cartel-created pods to a nightmare beyond their wildest imagination! Precious metals and their related assets are now the only place to be, so take your positions immediately or face utter financial annihilation.

~Bob Chapman, International Forecaster

Follow Warren Buffett, Jim Rogers ... and Gisele Bundchen

Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.

Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means. [...] Analysts in a Bloomberg survey expect the dollar to strengthen in coming months as stronger-than-forecast reports suggest U.S. consumers will keep the economy out of recession. Payrolls grew by 166,000 in October, double the median forecast of economists in a Bloomberg survey.

The dollar will rise to $1.43 per euro this year and $1.35 by the end of 2008, according to the median estimate in the survey.

"So far the data has shown the U.S. economy may not be slowing to the extent the majority of the market had expected,'' said Omer Esiner, an analyst at currency-trading company Ruesch International Inc. in Washington who expects the U.S. currency to strengthen to as much as $1.38 per euro. "That could temper policy easing down the road and lend support for the dollar.''

Buffett, whom Forbes in April ranked as the world's third- richest person behind Bill Gates and Carlos Slim, told reporters in South Korea last month that he is bearish on the U.S. currency. "We still are negative on the dollar relative to most major currencies, so we bought stocks in companies that earn their money in other currencies,'' Buffett said Oct. 25. Buffett, 77, is chairman of Omaha, Nebraska-based Berkshire Hathaway Inc.

Jim Rogers, a former partner of investor George Soros, said last month he's selling his house and all his possessions in the U.S. currency to buy China's yuan.

"The dollar is collapsing,'' Rogers said last week in an interview. "I'm moving to Asia because moving to Asia now is like moving to New York in 1907 or London in 1807. It's the wave of the future.

Source: Bloomberg.com

The masters' new currency - brought to you by El Pollo Loco

Those of us living in the US live in a fascist system, right now, today. We live in a system where powerful corporations call the shots, both nationally and globally. They do this beneath a façade of democracy, a façade that has grown exceedingly thin. And every day they come closer and closer to allowing this façade to drop. It should be quite plain by now that our government does not heed the public mandate. [...] Our politicians are bought off. Most of them are members of the privileged class to start with, and once they leave office they will go to work for the very firms they should now be attempting to regulate.

The move to privatize has reached critical mass; we have sold off our infrastructure and our vital government services to corporations - worse than sold, we have handed these things over while promising to subsidize their ownership with taxpayer's dollars. [...] The building of a fascist system within the façade of democracy has been in progress for a long time. [...] What previous administrations used to do in secret, the Bush administration does in the open, and then grants itself immunity from future prosecution.

And now Bush has granted himself the power to abrogate the constitution and suspend elections through the declaration of martial law. He can do this for any perceived threat, whether it involves terrorism, economic crisis, environmental catastrophe, or social upheaval. Soon even the trappings of democracy will become unnecessary, and the US public will find themselves living in a repressive police state without any of the freedoms and protections from abuse that we have for so long taken for granted. [...] Yet even our gluttonous over-consumption is not enough to sustain economic growth. So we have turned to juggling bubbles of debt. The public is told that it is their patriotic duty to consume, consume, consume, even as their adjusted income continues to shrink. To fulfill our patriotic duty, we take out second and third mortgages, and we max out credit cards. Our debts are then repackaged and sold off as investments.

Now these bubbles are becoming unmanageable. Foreign investors, the other pillar of our economy, are beginning to divest themselves of the US dollar. A major economic crash is imminent, a crash that could make the Great Depression pale in comparison. Once this crash is complete, plans are already in place to replace the US dollar with the North American Amero, to establish the supremacy of the North American Union over the federal governments of the US, Canada and Mexico, and to keep the public in line through the establishment of a repressive police state.

Source: CounterCurrents.org

It's not funny, it's not fun

MEGADETH mainman Dave Mustaine has posted the following message in the "Forums" section of the band's official web site:

"Thank you for the kind words, but I am not prophet [referring to his previous posting — Ed.]. I just read and watch the news. That doesn't make how I feel when I read or watch something right or wrong, and in fact the media is responsible for keeping a dark shroud over everything that we are not supposed to know about. Ask yourself what is an Amero or the N.A. Union? [...] Contrary to popular belief, I DO have a sense of humor, and I am a nice guy. Remember it was my Godfather that is the 'No More Mr. Nice Guy' guy."

Source: Blabbermouth.net

Beware of foreign entanglements

There are those who want to shift this country into socialism and other systems of controls our forefathers rejected. The “globalist” mentality is embraced at the expense of our sovereignty. It’s being implemented without fanfare through government and has penetrated our education and media systems.

We’ve heard about an “amero” type currency for the Western Hemisphere, recently confirmed by former Mexican President Vicente Fox on CNN’s “Larry King Live.” The White House denies such a thing, but BankIntroductions.com, a Canadian company specializing in global banking strategies, has a prediction. It told WorldNetDaily.com that the amero may be the currency of North America within 10 years. Yet, we’re left in the dark.

I don’t know all the repercussions, but the chill in my spine indicates revised banking systems will threaten America’s sovereignty. Those who watch this trend often quote our first president, George Washington: “Beware of foreign entanglements.”

Source: East Valley Tribune

Gold: Menace II fiat society

Gold’s catalyst on Friday was an impending sense of doom in US financial markets. “Forget what the Federal Reserve says about being neutral on policy and the news that the labour market grew at double the rate expected by economists in October,” writes Michael Mackenzie in the Financial Times. “What matters is the unwinding of the great credit trade. This is ensnaring more and more financial institutions and threatens to make life very difficult for policymakers as the risk of a dollar crisis looms.”

It seems to us the dollar’s been in crisis for about five years now. But maybe it’s become more acute lately. New lows on the greenback could equal US$1,000 gold. And it could happen faster than you can say “jingle bells”.

Source: Dailly Reckoning

"Someday soon...

...you'll be keeping ameros in your wallet, not dollars. The goods they buy will zip freely from Mexico to Canada on an enormous new road. And the United States will merge with its neighbors into a massive North American Union that reigns sovereign over more than 440 million people.
At least that is the vision being raised by a small but vocal group of bloggers, activists and border-security hard-liners.

The scariest Halloween costume

The story of Halloween goes back over 2000 years to the ancient Celts. Druidic priests regarded October 31st as the end of the year. Not only was it their day for celebrating the year’s harvest, but also a festival for honoring the dead. In order to appease the wandering spirits that they believed roamed at night, the Celtic priests made fires in which they burned sacrifices, made charms, and cast spells.
As they danced around the fires, the season of the sun passed and the season of darkness would begin. As Halloween 2007 approaches, traders in the global money markets are betting that Federal Reserve chief Ben “B-52” Bernanke will sacrifice the US dollar with another rate cut, in order to cast a magic spell over Wall Street.
But if “B-52” Ben delivers another big-bang, a half-point rate cut to 4.25%, it might unleash a cadre of evil spirits, ghosts, and demons that would haunt the US dollar to its graveyard.

~Gary Dorsch, Global Money Trends

How low?

We’ve long assumed that a collapsing dollar would take the global economy with it, but perhaps we were being too pessimistic? After all, the Dollar Index has fallen by 45 percent since 2002, but life goes on. Moreover, when the greenback slipped to historical new lows on Friday, hardly anyone seems to have noticed.



And where does the White House stand? In an interview last week, veep Cheney hinted that the government would take a hands-off attitude toward the US currency. "We do believe in a strong dollar,” he said, “but we think that the key is that it be allowed to adjust based on market forces out there, and that's exactly what's happening." To speak of the dollar’s wholesale collapse as an “adjustment” is like saying that the fiery collapse of the Trade Towers was an adjustment to airborne traffic. Not only has the Dollar Index slipped to historical lows in recent days, it has entered an airless void on the charts (see above) without so much as a token word of support from anyone high up in the U.S. Government.

~Rick Ackerman, Rick's Picks

Unheard of ... endgame ... NAU 101

Unheard of ...



ENDGAME ...



NAU 101

Ignorant thinking ... not

Loveland resident Daniel Carr's work is exceptionally beautiful.
A designer of collectible coins, he's the man behind the official New York and Rhode Island state quarter designs for the United States.
Sadly, some people are taking Carr's entire oeuvre a bit too seriously. They should not.
Not long ago, Carr, who also casts funny and gimmicky coins, came up with a bright idea. He fashioned a collectible coin based on an imaginary currency called the "amero" - a mix of "America" and "dinero." It is something analogous to the European euro. Analogous but fake. Carr's denominations range from 20 to 1,000. [...] I find the idea of a North American Union, as I do most conspiracy theories, pure baloney. How could all these enormous institutions have the ability to work in precise cohesion to control the entire continental economy when the government can't even figure out how to plow the snow on my street? [...] There have been some theoretical discussions about the amero in the past. Though not a single official in any country in North America has ever moved to produce this currency.
Still, for Carr a little controversy is clearly good for business. And his site, dc-coin.com, now features a disclaimer for visitors.
"My goal with these coins is not to endorse a Union of North America or a common 'amero' currency. I fully support the United States Constitution," Carr wrote. "I expect that these coins will help make more people aware of the issue and the possible ramifications. I leave it up to others to decide if they are in favor of, or against, a North American Union."
Viva conspiracy!

Source: The Denver Post

Get it in your head!

As for Paul’s relationship with [Alex] Jones:

I fear that Paul isn’t about to denounce Jones, and it’s a shame. When Paul made his most recent appearance on Jones’s radio show, I asked the candidate’s spokesman why he continues to associate with Jones. I detected some quiet frustration in his answer that Paul had promised the interview and that he keeps his word in such matters. Considering that Jones’s entire operation exploits gullible people willing to believe anything about 9/11, he might want to consider making fewer such promises in the future.

Indeed. Or none at all, even. Between that, his fears of a new Gulf of Tonkin incident in the Persian Gulf to precipitate war with Iran, and his warnings about the plans for a North American Union (replete with new Amero currency), people might start to get it in their heads that he’s a crank.

Source: HotAir.com

FXStreet Question of the Week

Q) Hi Ed, Having traded forex for quite some time now and make my daily living from it, I find your insight quite enlightening. I would love to hear your comments on the Amero.

Ed Ponsi) Thank you for your question. The Amero is a proposed currency union that would create one common currency for the U.S., Canada, and Mexico, in much the same way that many European countries now share a common currency, the Euro. It's important to note that the Amero currency is currently just a proposal from the private sector, and there is no current legislative push to make this concept a reality. In order to see if this idea makes sense, let's compare the proposed Amero with the Euro.

The European Monetary Union makes a good deal of sense because there were so many different currencies used in Europe prior to the introduction of the Euro. Ten years ago, a tourist visiting Europe might have needed German Marks on Monday, French Francs on Tuesday, Italian Lira on Wednesday, and so on. The expense and effort of constantly exchanging these currencies was a common and accepted part of this experience. Now think about businesses buying and selling goods across these European borders; they constantly had to monitor exchange rates and use financial instruments to protect or "hedge" themselves against unpredictable changes in exchange rates. The introduction of a common currency alleviated the expense and effort of this task, and companies experienced improved profitability as international trade was simplified by the use of a common currency.

Because it would initially encompass fewer currencies and a larger geographic area, the benefits of the Amero would be less dramatic. One proposal sees the Amero eventually encompassing all of North and South America, but the logistics of creating a monetary union between just the U.S., Canada, and Mexico seem daunting enough. For one thing, there is the issue of losing sovereignty over one's own monetary policy. The member countries of the European Monetary Union cannot set their own interest rates and must obey the edicts of the European Central Bank (ECB). Then there is the issue of national pride; many of my friends in the U.K. are staunch opponents of Euro adoption, and this is a sentiment that is widely held throughout that land. Great Britain would have to surrender the British Pound and accept orders from the ECB on interest rates if the Euro were to be adopted, and this is not a scenario that sits well with many in the U.K.

Do Canadians and Mexicans share similar provincial feelings? While the Mexican Peso has been a troubled currency, the Canadian Dollar is one of the current rocks stars of the currency world. In my opinion, Canadians would have to be barking mad to discontinue their autonomy and merge the Loonie with the woeful greenback. In case you missed it, the Canadian Dollar is now worth more than the U.S. Dollar.

Source: FXStreet.com

Requiem for the US Dollar

The Goldman Sachs plant as the new head of the Bank of Canada ensures the takeover of the Canadian banking system, the introduction of the newly inaugurated amero currency, and lost sovereignty for Canada . This is tragic. With a crippled US banking system, a faltering USEconomic system dependent upon housing, and a Mexican failed state in the making, my hopes for the viability of the amero currency are dim. This garbage regional currency is doomed from the start. Canada is a small economy with an absolutely gigantic treasure of natural resources. The relative size of the three economies bodes poorly for the amero. With 30 million population in Canada , 300 million in the Untied States, and 120 million in Mexico , Canada cannot pull the three-horse team running ahead of a bizarre stagecoach. Cheap Mexican labor, ample Canadian minerals & resources, even with a spiffy new network of corridor transportation lines, cannot comfortably mesh with US entities.

The lopsided imbalanced upside down corrupted mix of US elements, steered toward consumption not investment, large & powerful rather than efficient, directed by wrong priorities, dominated by corrupt Wall Street and aggressive military forces simply is bound to produce little on the positive, and much on the negative. This queer alliance will not stop gold or silver prices from rising to great heights. This queer alliance will not prevent the energy prices from rising either. The main policy behind the amero currency will be inflation, no different from the USDollar.

Source: The Market Oracle

Double fuckin' standard!

The Bush administration and New York cut a deal Saturday to create a new generation of super-secure driver's licenses for U.S. citizens, but also allow illegal immigrants to get a version.

New York is the fourth state to reach such an agreement on federally approved secure licenses, after Arizona, Vermont and Washington. The issue is pressing for border states, where new and tighter rules are soon to go into effect for crossings.

The deal comes about one month after New York Gov. Eliot Spitzer announced a plan whereby illegal immigrants with a valid foreign passport could obtain a license.

Saturday's agreement with the Homeland Security Department will create a three-tier license system in New York. It is the largest state to sign on so far to the government's post-Sept. 11 effort to make identification cards more secure. [...]

New York has between 500,000 and 1 million undocumented immigrants, many of whom are driving without a license and car insurance or with fake driver's licenses ...

Source: Newsday.com

That's just great! While certain law-abiding Austrians don't get to the take advantage of "the right to free travel", illegal aliens get more and more rewards ... for pooping on immigraton laws. Fortunately, there is a more attractive country than the taco-flavored consumer nation no. 1: Commodity-rich Canada ... kick-ass currency ... and apparently more rational immigration laws.

What NAU?

SPP + TTC + NAFTA [...] In March, 2005, the President of the United States, the President of Mexico and the Prime Minister of Canada met in Texas for the creation of the “Security and Prosperity Partnership of North America (SPP). This new agreement was never submitted to the Congress for debate, discussion and/or decision. It was, rather, given to the Department of Commerce where a new division was created (under the same title) to implement working groups in the following areas: manufactured goods, movement of goods, energy, environment, e-commerce, financial services, business facilitation, food and agriculture, transportation and health. All aimed at formulating a working agenda that would result in the advancement of a North American Union (NAU).

To document that this was not some minor action, it must be understood that SPP is headed by three top cabinet officers of each country. Representing the United States are Secretary of Commerce Carlos Gutierrez, Security of Homeland Security Michael Chertoff, and Secretary of State Condoleezza Rice. The representatives from Canada and Mexico are, likewise, heads of top departments in the respective governments.

This is not a theoretical exercise being undertaken by any of the “think tanks”. Instead, SPP is at work producing an action agreement that, as presently planned, will be implemented directly by regulations/directives without any envisioned direct Congressional input, oversight, or approval. At this point in time, no new laws are contemplated for submission to Congress. This means that the plan is aimed at creating the NAU through agency regulation/directives.

If implementation of this plan is allowed to continue, there will be no area of immigration policy, trade rules, environmental regulations, capital flows, public health, plus dozens of other key policy areas that the U.S. government will be able to decide alone, or without first consulting some appropriate NAU regulatory body.

It appears that the current direction is following the “road-map” laid out in the May, 2005 report from the Council on Foreign Relations (CFR) titled, “Building a North American Community”.

The end result of all of this on the sovereignty of the U.S. should be obvious. The model is the European Union. While we would, supposedly, remain as a country many of our prerogatives would be superceded by a North American court and parliamentary body and the dollar would become the “Amero”.

Again, the current direction is for all of this to happen without any Congressional approval. . . just regulations and directives.

On to the next component in the equation. [WHOLE ARTICLE]

Source: AmericanDaily.com

Willkommen zu den secret.news 35

German newscast ...feat. the new North American currency, Schuldgeld -- Fiat-Verschuldung, Fiat Currencies ... 6th minute>> ::HERE::

:: WARNING ::

Republican presidential candidate Ron Paul spoke at the Value Voters Summit Friday. [...] Paul hit on other campaign themes of personal liberty and enforcing the U.S. constitution.

Ron Paul defended U.S. sovereignty and he warned “We’re working on a North American Union” and ‘an Amero’ (a proposed regional currency) referring to illegal attempts to integrate the governments of the United States, Mexico, and Canada.

Ron Paul promoted a non interventionist foreign policy and following the Constitution when going to war, “you declare it, win it, and get out! You don’t go to war because of U.N resolutions!

Ron Paul, an opponent of the Federal Reserve, warned against ‘central economic planning’ and ‘creating money out of thin air’. ‘We’re on the verge of a bankruptcy’.

Paul passionately argued for freedom and property rights.

Source: USADaily

In other news:

North American Union? [Amero?] No chance, says US ambassador

Know the deal!?

Despite the dearth of definitive data on this deal, its dishonesty is demonstrable. To take one further example from the spp.gov website:

“Myth: The SPP is a movement to merge the United States, Mexico, and Canada into a North American Union and establish a common currency.

Fact: The cooperative efforts under the SPP, …seek to make the United States, Canada and Mexico open to legitimate trade and closed to terrorism and crime. It does not change our courts or legislative processes and respects the sovereignty of the United States, Mexico, and Canada. The SPP in no way, shape or form considers the creation of a European Union-like structure or a common currency. The SPP does not attempt to modify our sovereignty or currency or change the American system of government designed by our Founding Fathers.”

While you ponder the veracity of this claim -- and debate which is “myth” and which is “fact” -- I’d like to introduce you to Robert Pastor Ph.D., vice president of international affairs, professor of international relations, and director of the Center for North American Studies, American University in Washington, D.C.

At the beginning of November 2002, this highly credentialized individual gave a speech in Toronto entitled “A North American Community -- A Modest Proposal to the Trilateral Commission”. It is perhaps the clearest exposition of the SPP and its objectives.

Pastor argues, among other things, that NAFTA should be raised to a new level of cooperation. On this new level, the existing “two bilateral legislative groups” (Parliament and Congress) would be merged into one North American Parliamentary Group. There’d also be a Permanent Court on Trade and Investment -- though he doesn’t say how such a court would stop traditional U.S. contempt for Canadian economic interests (softwood lumber, anyone?) -- as well as a North American Commission to deal with immigration and customs, and propose measures like a continental infrastructure and transportation network, harmonized (sic) regulatory policies, a customs union, and a common currency.

On the latter point he said: “Mexicans and Canadians do not want to be incorporated into the United States, and they are ambivalent about adopting the American dollar, but they are more willing to become part of a single country of North America and of a unified currency, like the ‘amero,’ proposed by Herbert Grubel.” Grubel, of course, is a former MP and now a senior econo-theologian at the Fraser Institute, the British Columbia-based neocon propaganda factory that has more influence on national policy than do elected MPs. He made his proposal in 1999!

If you have considered spp.com’s “myth” vs. “fact” distinction while you read the discussion on Pastor, consider again this “fact” claim: “The SPP in no way, shape or form considers the creation of … a common currency. The SPP does not attempt to modify our sovereignty or currency or change the American system of government designed by our Founding Fathers.”

Significantly when Pastor speaks of the amero, he assumes that Canada and Mexico would convert their currencies to the U.S. dollar, thereby surrendering the right to set national monetary or economic policy.

One would think that in the time since the amero was formally suggested (1999) and SPP discussions were begun (2005) we, the Canadian public, would have been informed about them. Problem is, we aren’t supposed to know about it until it’s a done deal. Who will be doing this deal? Consider Pastor’s final charge to his audience:

“The challenge of the Trilateral Commission – (is) to sketch an alternative future for the entire continent that the people will embrace and the politicians will feel obligated to accept.”

There you have it. A clique of econo-political elites is going to remake North America in its own image and the citizenry of the three countries has no say in the matter! How much does Pastor’s Brave New Economic Order reflect actual discussions on the SPP? I’m sure inquiring citizens would like to know.

Source: TehranTimes - Iran's Leading International Daily

The supreme currency

History repeats itself. Hitler invaded Poland and all of Europe. Hispanic & Muslim nations now invade the U.S.; world conquest is the Objective.

Hitler convinced the German People their neighbors were the cause of their economic problems. He convinced them the only way to recover was to recognize their inherent right to invade and take back land they had stolen from them. Germans were declared the supreme race and all others were inferiors who did not deserve to live. It was their heritage as proud Aryan people, it was their duty to take over the world and repopulate it with the master race.

Former Mexican President Vicente Fox, and current President Calderón both insist where a Mexican stands, is also Mexico. They insist they have a right to cross international borders to resolve economic crises they blame on their neighbor. They demand a union between all nations in the America’s for Mutual Prosperity and Security to honor the racial heritage of the latinos. [...] How much more documentation does it take to define intent of the invaders who have come into the United States illegally?

Fox admits, the amero is coming, he admits the invasion is by design to help the sagging Mexican economy and promote open borders, he admits he is backing invasion because his people need jobs and jobs are in the United States, he admits he wants to destroy American Sovereignty and replace it with a new Union of states including all of north and south America, he admits he is stealing American jobs and wealth, and some United States citizens think unbridled illegal alien invasion is purely an economic driven invasion.

Fox is similar to Hitler who told his citizens it was their national right to invade other nations and then promoted that invasion with all of the government support he could give them.

Source: American Chronicle

Not enough paper

Former Mexican President Vicente Fox goes on Larry King and talks about an Americas trade pact, and the blognoscente froth at the mouth about prospects for a single currency, the “Amero.” The only U.S. trading partner more feared than Mexico right now might be the Chinese. [...] Made in the USA [...] Many of the tools may be made in America, but they’re definitely going to customers overseas.

~Lisa Eckelbecker TELEGRAM & GAZETTE STAFF

FT / Europe on the Amero aka Noonie

Could the US dollar be destined to join the D-Mark and the franc in the graveyard of defunct national currencies? Vicente Fox, former Mexican president, told CNN this week that he had talked to US president George W. Bush about the possibility of a regional currency for the Americas. [...] Dana Perino, White House press secretary, has dismissed Fox’s claim.

“There is no plan under way to create such a currency,” she said.

Ideas for an American currency union, including the US, Canada and Mexico, have been circulating among academics since the creation of the euro in 1999. Its advocates have even given the hypothetical currency a name: the amero.

Now would be a convenient time for the merger to take place, after the Canadian dollar recently reached parity with the US dollar for the first time in 30 years. (Perhaps instead of the amero, it could be called the noonie – a North American version of the Canadian dollar, which is known affectionately as the loonie.)

~The Financial Times EUROPE, Oct 11 2007

The Late Great American Melting Pot

A lot of the time I wish my government, the American government, would just wake up out of its funk and start doing the right thing for its citizens. Everyday I hear about some scandal involving a government official, mud-slinging among presidential candidates, illegal immigrants standing up for their “rights” (excuse me?) and their supporters doing the same.

It’s a downward spiral we’re in. And the sad thing is, apparently there are few leaders willing to do anything about it. Oh sure, they claim they’re doing what’s right for America, but honestly, how is giving amnesty to illegal immigrants going to help Americans? They don’t call it that, of course, but they sugarcoat it and hope people won’t notice what they’re swallowing. [...] Having a unified currency among several countries has more disadvantages than advantages. It means that the member countries can’t solve their economic problems by adjusting their money supply or stimulate its growth. Instead, they must go with the flow, do what the other members are doing even when it’s not really helping.

I have nothing against our neighboring countries, but they should know this can adversely affect them as well because it will dilute their individuality the same as it would for America. America’s identity, its sovereignty, its cultural heritage and pride would simply fade away. So, too, will Canada and Mexico.

Gone are the days of us being known as the Great American Melting Pot. Instead, we are fast becoming a nation of “mini-nations”, each seeking their own agenda at the detriment of the greater good.

Source: MeAndMyDrum.com

Austrian School of Common Sense

The Crack Up Boom

Ludwig von Mises (1881-1973 ) was a notable and highly respected economist and a major influence on the modern libertarian movement. He has been called the "uncontested dean of the Austrian School of economics". The Ludwig von Mises Institute is named after him. The Ludwig von Mises Institute is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. It generally advances a view of government and economics expressed by Ludwig von Mises. The Institute is funded entirely through private donations and does not consider itself a traditional think tank. While it has working relationships with individuals such as U.S. Representative Ron Paul and organizations, it does not seek to implement public policy and has no formal affiliation with any political party (including the Libertarian Party), nor does it receive funding from any. The Institute also has a formal policy of not accepting contract work from corporations or other organizations.

Von Mises believed that significant credit expansion created business cycles. He continually warned of the dangers in inflation which can lead to hyperinflation and of the importance of governments and central banks not resorting to massive credit creation and the printing presses in order to prolong an artificially induced economic boom.

"The course of a progressing inflation is this: At the beginning the inflow of additional money makes the prices of some commodities and services rise; other prices rise later. The price rise affects the various commodities and services, as has been shown, at different dates and to a different extent. This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.

But then finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against "real" goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things that are used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them. It was this that happened with the Continental currency in America in 1781, with the French mandats territoriaux in 1796, and with the German Mark in 1923. It happened with the dollar in 1973. It will happen again whenever the same conditions appear. If a thing has to be used as a medium of exchange, public opinion must not believe that the quantity of this thing will increase beyond all bounds. Inflation is a policy that cannot last."

Ludwig von Mises, The Theory of Money and Credit

Source: Gold Investments Market Update

Step by step...

Former Mexican President Vicente Fox confirmed the existence of a plan conceived with President Bush to create a new regional currency in the Americas, in an interview last night on CNN's "Larry King Live." (TRANSCRIPT)



ALCA is the acronym for the Area de Libre Comercio de las Américas, the name of the FTAA in Spanish.
King, evidently startled by Fox's revelation of the currency, asked pointedly, "It's going to be like the euro dollar (sic), you mean?" "Well, that would be long, long term," Fox repeated.

Source: WND

...in other news:

White House dismisses talks of common currency

The White House this morning categorically denied that President Bush is considering or has ever considered agreeing to a common currency for the U.S., Mexico and Canada to rival the Euro.

"I can assure you that President Bush is not, and has not, given consideration to any other currency for the United States. Period," said White House spokesman Tony Fratto in an e-mail.

Source: The Washington Times

Ex-Mex Prez: "Amero is inevitable"

Speaking on the Larry King show, former Mexican President Vicente Fox confirmed every assertion made by Jerome Corsi in his new book, NY Times bestseller "The Late Great U.S.A: The Coming Merger with Mexico and Canada" (WND Books, ISBNs 0-9790451-4-2, $25.95, July 2007). Not only did Fox admit that he and George W. Bush have "agreed" to create a common currency, the Amero, he contended that a North American Union is "inevitable". [...] "Finally" says the author of "The Late Great U.S.A" "here is unequivocal proof, straight from the mouth of Mexico’s former president, that Bush’s goal is to erode United States sovereignty in order to create free movement for Mexico’s peasant class across our border, in the process flooding us with even more anchor babies and illiterates ready and willing to take advantage of our country’s all-too-generous welfare programs".
Mexico’s invasion of America can and must be stopped, but in order to do so, every citizen must rise up and demand an end to it. "George W. Bush has been bought lock, stock and barrel by the elite and multi-national corporations pushing for a merger with Mexico, but he has utterly no right under the Constitution to push for a merger of the U.S with Mexico or any other country"
Fox’s comments are part and parcel of Mexico’s ongoing campaign to destroy American sovereignty to its benefit. "Going by what Fox has said on national television, it’s clear that Mexico has declared war on the United States" Corsi asserts. "It’s the only way such words can be interpreted. Since Bush has no interest in protecting our interests, and since all too few legislators have stepped up to condemn a North American Union and shared currency, it’s up to we the people".

Source: Webwire.com