$PPNAFTANAU - Good for you!

In 1999, economist Herbert G. Grubel of the Fraser institute wrote a paper entitled, "The Case for the Amero," presenting the first arguments in print that a North American currency should be created on the model of the euro in the European Union as a replacement for the U.S. dollar, the Canadian dollar and the Mexican peso.

WND reported the third SPP summit, held last August in Montebello, Quebec, involved a series of closed-door meetings attended only by the three state heads, the cabinet members in attendance, the SPP trilateral bureaucrats assigned to head the 20 working groups established under the SPP and the NACC business leaders.

Next Monday and Tuesday, President Bush will meet in New Orleans with Mexican President Felipe Calderon and Canadian Prime Minister Harper.

The White House has changed the name of the meeting from the "Fourth SPP Annual Summit" to simply the "North American Leaders' Summit."

Read the whole WND article:
"Makeover urged for 'North American Union' effort"

Being a little less Amero-centric?

Blue-collar NationalReview bloggerssay "we need to be a little less Amero-centric. From John Quiggin: 'prices for commodities, including oil as well as most ag commodities, are typically quoted in $US. In a situation where, for obvious reasons, the value of the $US is declining against all major currencies, this can be quite misleading. Measured against the euro, the currency of the world’s largest unified economy, the increase looks a lot less steep.'

Short story: let's not mix up the U.S. currency crisis—that is, mortgage meltdowns and overspending on overseas wars—with global food prices. Second, I am flabbergasted that almost no newspaper has mentioned there are people in poor countries who actually sell commodities.

---

In other news:

Paper sucks ass!

Treasuries Decline, Pushing Two-Year Yields Up Most Since 2001
Bloomberg - Apr 19, 2008
``Treasuries, even at higher yields, offer limited value,'' said Scott Amero, global chief investment officer for fixed income in New York at BlackRock Inc. ...

Snopes Status: False.

From the all-knowing Snopes.com:

Claim: The U.S. Mint has been producing the "Amero", a coin to be used in an economic union of the USA, Canada, and Mexico.
Status: Flase.
Example: Collected on the Internet, September 2007
Updated: September 11, 2007

Read this piece here, and happy 420!

God Bless America ONLY!

Holy shit! Da Pope hanging out with a bro like George Bush -- apparently it's not about what Dubya did do, it's what he did not do: namely renounce the Holy Ghost. "These two leaders share much common ground, particularly in opposing abortion, gay marriage and embryonic stem cell research. But there are plenty of differences." Duh? But who cares? Certainly not Americans. Se7en in 10 Americans say it's important to have a president with strong religious beliefs. Doomsday? End of Days? Judgment Day? Like Bill "911-Dope" Maher said:

"If you believe in Judgment Day I have to seriously question your judgment! If you believe you're in a long-term relationship with an all-powerful Space Daddy, who will -- after you die-- party with your ghost forever you can't even have my vote for Ms. Hawaiian Tropic! [...] Maybe a President who didn't believe our soldiers were going to heaven might be a little less willing to get them killed."

Iran strike = $150 Oil = $1500 Gold = ...

Contrary to some claims that the Bush administration will allow diplomacy to handle Iran’s nuclear weapons program, a leading member of America’s Jewish community tells Newsmax that a military strike is not only on the table – but likely. [...] “Look at Dick Cheney’s recent trip through the Middle East as preparation for the U.S. attack,” the source said. Cheney’s hastily arranged 9-day visit to the region, which began on March 16, included stops in Israel, Saudi Arabia, Iraq, Oman, Turkey, and the Palestinian territories. [...] A number of signs indicate that, contrary to the belief President Bush is a lame duck who will not act before he leaves office, the U.S. is poised to strike before Iran can acquire nuclear weapons and carry out the threat of Iranian President Mahmoud Ahmadinejad to “wipe Israel off the map”:

Read the whole article at Newsmax.com

Iran strike = $150 Oil = $1500 Gold = the next step towards a North American currency

Or breaks under the debt burden engültig everything together?

Wallstreet-Online Discussion, October 2007 (German):

Die Stärke des Euro gegenüber dem Dollar sugeriert eine höhere Wertigkeit unserer Gemeinschaftswährung. Man solle aber nicht vergessen , dass auch der Euro nahezu ungedecktes Papiergeld ist. Die nächste Währungsrefom ist auch hierzulande gewiss! ... 1 oz , 999,9 Silver ... wie wird denn dann hierzulande die nächste Währung heißen?? Globo etwa??? ... Ein Globo = 50 Cent, wäre doch passend zur grassierenden Inflation... Natürlich bleiben die Preise gleich, nur die Löhne werden wieder halbiert !!! Oder bricht unter der Schuldenlast engültig alles zusammen? Und es gibt eine neue goldgedeckte Währung? Und alles fängt bei Null wieder an? ... Meinte natürlich 2 € = 1 Globo ... Und wann soll die Reform kommen? [...] Vielleicht noch dieses Jahr ... Ich weiß natürlich auch nichts genaues, nur man hat Ohren zum Hören und Augen zu sehen! Und das Gefasel einer boomenden Wirtschaft ist der beste Indikator dafür! Boomen tut nur eines: Und das ist die galoppierende Inflation!! Oder warum hat man aus dem Warenkorb zur Ber. der Inflation Lebensmittel herausgenommen?

Source: Wallstreet-Online

Google Translate'd:

The strength of the euro against the dollar sugeriert a higher value of our common currency. One should not forget, however, that the euro almost ungedecktes paper money. The next Währungsrefom is certainly here! ... 1 oz, 999.9 Silver ... How is this country because then the next hot currency? Globo around? ... A Globo = 50 cents, it would be fitting to rampant inflation ... Of course, the prices remain the same, only the wages will be halved again! Or breaks under the debt burden engültig everything together? And there is a new goldgedeckte currency? And everything starts from scratch again? ... Meinte course € 2 = 1 Globo ... And when is the reform? [...] Maybe even this year ... I know nothing of course, accurate, but one has to listen ears and eyes to see! And the drivel of a booming economy is the best indicator for that! Boomen does only one thing: This is the runaway inflation! Or why did you get out of the cart to Ber. Inflation foods removed?

A really bad idea!

I get a lot of emails from various investment newsletters. I recently got one from Investment U that was written by Louis Basenese titled The End Of The Weak Dollar. In his article Louis had 10 reasons why the USD is headed higher, not lower like many people believe.

4. Warren Buffet, Jim Rogers and Bill Gross… Louis claims that these three legends can be wrong about the USD.
My Take: Duh. They aren’t gods. Just because they CAN be wrong doesn’t mean they ARE. Time will tell.

5. Pop Culture… Even in our pop culture there are now examples of people hating the dollar. Since pop culture hates the dollar, it must be near the end of its fall.
My Take: Just because pop culture is now paying attention to the falling dollar doesn’t mean it will now stop falling. The fundamentals will decide…

7. The Amero… Louis goes on to explain that the Amero is a really bad idea and will NEVER happen because the U.S. will never want to give up control over their macroeconomic situation - besides which, it is nothing but a conspiracy theory.
My Take: The Amero is a really bad idea (I agree!). But, since the U.S. is so much larger than Mexico and Canada combined in both population and economics, the U.S. wouldn’t relinquish control but instead gain control over both Canada and Mexico. The Euro was a different situation since no one country controls a majority, but if the Amero were to occur the U.S. would be the majority and therefore have more power than Canada and Mexico.
The resources that Canada offer would also help bring stability to the currency by taking into account all those assets in the ground (ie, the assets backing the promissory note (which fiat currencies are) would be strengthened). If (a big IF) the USD was to crash or fall significantly, do you not think the U.S. government would try and come out with a new Amero currency? It would be more stable and better compete with the Euro… that said, I think it is such a bad idea for resource rich Canada. We would be giving up control over our fortunes… and yes, we are a VERY rich country. Our oil reserves are now 2nd in the world (and still climbing as we discover more!) and we have plenty of farm land and other natural resources contained within our vast borders. We are currently in SURPLUS territory for our government budgets and our economy is growing rapidly (in the resource sectors - perhaps not the manufacturing sectors - but that is a problem with labour and competing with the wage slaves in China that aren’t paid well.). Let’s hope this Amero never happens and that it is just a stupid conspiracy theory (though I have my doubts about whether its just a theory and that it might be a plan for the future).

8. A Weak Dollar Helps Nobody… Louis says it helps nobody.
My Take: It helps somebody because there are two parties to every transaction and somebody will be the winner and somebody will be the loser.

Read the whole article at Nabloid.com

Vor dem Bust ist...

...nach dem Boom!

After the game is before the Endgame

The US Dollar: A Contrarian View
Seeking Alpha, NY - 22 hours ago
The Amero...: Louis goes on to explain that the Amero is a really bad idea and will NEVER happen because the US will never want to give up control over ...

Over 50 people attend the Nye County IAP convention
Third Party Watch - Apr 13, 2008
... coming use of the Amero and the intentional destruction & intentional inflation of the Federal Reserve Note meltdown to prepare the way for the Amero, ...

ONLY A MIRACLE CAN SAVE AMERICA NOW NewsWithViews.com, OR - 9 hours ago
Illegal immigration, the NAFTA superhighway, the North American Community, a regional currency called the Amero, and "free trade" deals are just a few of ...

'Vampire' convict dies in Bolivia
BBC News, UK - Apr 1, 2008
Triston Jay Amero, 26, was sentenced in January for the March 2006 blasts in which two people died. A prison official said Amero had complained of stomach ...

It's a big classic club and you ain't in it...

After nearly 20 years of full time research into the true workings of the world, the last few weeks have been real head-shakers for me. Talk about watching a movie.

And it's not even a new movie - just a remake of endless of its kind over hundreds of years. They were once in silent black and white and now in full-blown computer-enhanced digital colour. The movie is called 'The Banking Crisis' and among its many sequels and spin-offs are 'The Recession', 'The Slump', 'The Crash', and, in it's latest version, 'The Credit Crunch'.

All of them star the insider actors and actresses from the same elite families and all have but one prime objective: human control. Everything else is decoration, diversion and camouflage.

I'll summarise first what I have been saying since the early 1990s about the 'economic cycle' of 'boom and bust' and then have a look at what is happening today from that perspective. [...] 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 the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilisation may collapse, unless it becomes widely understood and the defects remedied very soon.'

And so to today's 'banking crisis'. It's a classic. [...] After the 'boom' created by low interest rates and unlimited credit since the 1990s, they are crashing the global economy through what is being called the 'Credit Crunch'. Put another way, they put lots of money into circulation (boom) and now they are taking it out again (bust).

This means that there comes a moment when there is simply not enough money in circulation for everyone to pay back their outstanding 'loans'. Suffering and homelessness are built into the system.

Other aspects of this same agenda include: The crashing of the US dollar to prepare for its replacement by a 'North American Union' currency (working title at least, the Amero) which would become the currency of the United States, Canada and Mexico with plans to extend it to the whole of the Americas.

Source: Folsomtelegraph.com

Dave-dog Rockefeller - Man of the Century

The following article's written by Richard C. Cook, a former federal government analyst who was one of the key figures in the investigation of the space shuttle Challenger disaster.
He is author of the book - Challenger Revealed: An Insider's Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age -- Richard C. Cook's personal [patriotic] story of how he disrupted the cover-ups surrounding the Challenger disaster:

Let’s turn to the U.S. personage that conspiracy theorists most often mention as being at the epicenter of whatever elite plan is reputed to exist. This would be David Rockefeller, the 92-year-old multibillionaire godfather of the world’s financial elite.
The lengthy Wikipedia article on Rockefeller provides the following version of a celebrated statement he allegedly made in an opening speech at the Bilderberg conference in Baden-Baden, Germany, in June 1991:

"We are grateful to the Washington Post, the New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during these years. But the world is now more sophisticated and prepared to march towards a world government which will never again know war, but only peace and prosperity for the whole of humanity. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in the past centuries."

[...] isn’t it a little strange that the means which have been selected to achieve "peace and prosperity for the whole of humanity" involve so much violence, deception, oppression, exploitation, graft, and theft?

In fact it looks to me as though "our plan for the world" is one that is based on genocide, world war, police control of populations, and seizure of the world’s resources by the financial elite and their puppet politicians and military forces.

In particular, could there be a better way to accomplish all this than what appears to be a concentrated plan to remove from people everywhere in the world the ability to raise their own food? After all, genocide by starvation may be slow, but it is very effective. Especially when it can be blamed on "market forces."

And can it be that the "us" which is doing all these things, including the great David Rockefeller himself, are just criminals who have somehow taken over the seats of power? If so, they are criminals who have done everything they can to watch their backs and cover their tracks, including a chokehold over the educational system and the monopolistic mainstream media.

One thing is certain: The voters of America have never knowingly agreed to any of this.

We The Paranoid Right-wing Xenophobes

This month, President Bush will host the leaders of Canada and Mexico to advance the Security and Prosperity Partnership (SPP), a project Lou Dobbs has predicted will "end the United States as we know it." Lou sounds downright blasé, though, compared to all the online ranting and raving on this subject. The video "North American Union and Vchip Truth" cranks things up another notch. Viewed more than 4.8 million times, it presents the SPP as a big step towards a single world government, with David Rockefeller preventing any resistance by implanting us all with Vchips. We can only hope this is satire, but the 10,000 comments by Youtubers suggest that many viewers aren't getting the joke. All this would be simply entertaining if it weren't for the fact that the SPP truly is a dangerous initiative -- but not for the reasons cited by the xenophobes.

Source: AlterNet.com

Obama: Amero don't exist!

A Candidate Could Laugh at the Absurdity, if Only There Was Time

By MICHAEL POWELL
Published: April 5, 2008

Senator Barack Obama’s bus rattles through the black-rock hills of rural Pennsylvania [...] In Lancaster, Mr. Obama, talked to a woman in tears because disability had left her impoverished, then fielded a question from an impatient fellow convinced that the secret world government was about to impose the Amero, a joint American-Mexican-Canadian currency. Mr. Obama explained that he could not do anything about the Amero because, alas, it did not exist.

At times, the candidate can feel himself soaking in a bath of lunacy. “You’re going to slip up,” Mr. Obama told one crowd in what amounted to a temporary-insanity plea for himself and his rival, Senator Hillary Rodham Clinton. “You know you’re going to say something goofy.” [...] “My economic plan is better than my bowling.”

Source: The New York Times

Back to Tittytainment

Anybody Here Seen My Old Friend Ron Paul?

Not too long ago in the course of this rEVOLution, there were concerns expressed for the personal safety of Dr. Ron Paul. Apparently, many people shared those concerns, and friends in the movement have expressed them to me personally.

This is likely because in days past, all too often during my own lifetime, promising leaders have been "taken out" as a pragmatic response by the "powers that be" to the threat they were beginning to pose towards the status quo.

Of course, in almost all cases it was a "lone gunman" or some "unbalanced individual" at fault, with no conclusive way to trace those who ordered the "hit." Several incidents spring to mind: John F. Kennedy, his brother Robert, Martin Luther King, and near-martyr Ronald Regan, whose leadership after the Hinkley bullet never seemed quite the same.

Nevertheless, the shadowy powers behind the throne may have now learned they don't need more martyrs to deal with. Those who die in pursuit of a noble cause have often "come back," metaphorically speaking, larger than life, and the memory and legends engendered become even more effective than the living, breathing original was.

Ron Paul, thank God, has not suffered the fate of a martyr. Will we his followers, who have been inspired by his leadership and his rallying call for freedom, let this movement die a natural death? Will we sit back and let the globalist shadow government win by default? Even now they seem to be moving full steam ahead towards a North American Union and an Amero currency.

Has this generation finally become so mesmerized by "The Tube" that we'll just go back to sleep and let our country slip away without a fight?

Read the whole article at: NolanChart.com

Top 5 Mises Quotes

1. "Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household. He is fully confident that this trend will prevail also in the future. He simply calls it the American way of life and does not give serious thought to the question of what made this continuous improvement in the supply of material goods possible."

2. "Full government control of all activities of the individual is virtually the goal of both national parties."

3. "The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society."

4. The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.

5. "Not mythical 'material forces', but reason and ideas determine the course of human affairs. What is needed to stop the trend towards socialism [i.e., social capitalism] and despotism is common sense and moral courage."



P.S. It is important to note that the Austrian theory does not imply, as some have interpreted it, that we are witnessing the results of "overinvestment." Austrians do not contend that the Fed really has put more gas in our car! Since the Fed produces no capital goods, this obviously could not be the case. Rather, we suffer from malinvestment, as we have spent time and resources on projects that we cannot actually complete, and which we would not have undertaken if we had had an accurate reading on our gauge.

As Mises put it, " A further expansion of production is possible only if the amount of capital goods is increased by additional saving, i.e., by surpluses produced and not consumed. The characteristic mark of the credit-expansion boom is that such additional capital goods have not been made available." [...] The Fed, the pediatrician of our analogy, feels it can improve on this natural state. It doesn't alter any of the real inputs to this process, such as capital currently available or the willingness to save. Instead, it fidgets with the economy's "hormonal levels" by adjusting the interest rate. When it makes credit easy, the economy's apparent growth speeds up. In fact, what has occurred is that certain visible manifestations of growth have accelerated, while other, equally necessary but less visible growth processes have suffered as a result. Without the necessary "nutrients" being present, this sort of "growth" is built on a foundation of sand. The "bones" weaken and cannot support the body.

The central bank, fearing a collapse, then tries to reduce the rate of growth through tightening credit. This in no way undoes the damage done during the period of credit expansion, but, rather, adds a new set of distortions to those already present. Of course, once the central bank has engaged in credit expansion, it is foolish to blame it for reining in the boom. The only alternative is eventual economic collapse in what Mises called "the crack-up boom," or hyperinflation and the breakdown of the exchange economy. (Source: Mises.org)

Let the debt deflate

What we are seeing is just 'history' (the techniques of mass manipulation) repeating.

After the 'boom' created by low interest rates and unlimited credit since the 1990s, they are crashing the global economy through what is being called the 'Credit Crunch'. Put another way, they put lots of money into circulation (boom) and now they are taking it out again (bust).

This means that there comes a moment when there is simply not enough money in circulation for everyone to pay back their outstanding 'loans'. [...] Other aspects of this same agenda include: The crashing of the US dollar to prepare for its replacement by a 'North American Union' currency (working title at least, the Amero) which would become the currency of the United States, Canada and Mexico with plans to extend it to the whole of the Americas.

Source: Folsomtelegraph.com

Wiki Snapshot: April 3, 2008

The North American currency union is a theorized economic and monetary union of the three principal countries of North America, namely Canada, the United States, and Mexico.[1] Implementation would probably involve the three countries giving up their current currency units (Canadian dollar, U.S. dollar, and Mexican peso) and adopting a new one, created specifically for this purpose. The hypothetical currency for the union is sometimes referred to as the amero.[2][1] The concept is modeled on the common European Union currency (the euro), and it is argued to be a natural extension of NAFTA and the SPP. Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency.[1] No current members of any country's government have stated a desire to implement a "North American Union". ~Wikipedia

Quasi Absolute Power for the Fed

President Bush wants to give the Federal Reserve power to act when market stability is threatened. [...] Other change Bush is proposing is to consolidate stock and commodity trading agencies. [...] According the main newswire they have obtained the 22 page executive summary of the overhaul and the plan would give “major new powers to the Federal Reserve.” Remember that the Federal Reserve is a quasi-government and at the same time a private-operated agency. [...] One might surmise from this breaking news, that the Amero is coming soon to your wallet.

-Marlene Donor (BestSyndication.com)

"Don't short the greenback"

Why Shorting the Dollar Now Could Be a Big Mistake: The world is short the dollar right now. But that could be a big mistake…
The outlook for the ailing greenback – finally – is getting healthier, which makes it the perfect time to go long.

I know this is a wildly unpopular and completely contrarian stance, so let’s get right to it. Here are the 10 reasons I think the dollar’s headed for an inevitable reversal:

1. If Not the Dollar… Then What?

2. The Fed: From Enemy to Ally

3. What Goes Down Eventually Goes Back Up

4. Warren Buffett, Jim Rogers and Bill Gross CAN Be Wrong

5. Pop-Culture Even Hates It

6. The Most Unlikely & Unsophisticated Are Speculating

7. Psst! Did You Hear About the Amero?
Another contrarian sign we’re at an extreme bottom – talk of the Amero or Americo is popping up again. First floated by Dr. Herbert G. Grubel of the Fraser Institute in 1999, this is largely a conspiracy theory that the governments of Canada, the U.S. and Mexico are secretly planning to launch a unified currency to compete with the euro. This is such a bad idea on so many levels I can’t get into them all here. Just trust me, the world’s largest economy is not going to relinquish macroeconomic control by opting for a unified currency.

8. A REALLY Weak Dollar Helps No One

9. We’re Not Decoupled Yet

10. Stocks Love A Strong Dollar

Read Louis "Paperpusher" Basenese at MoneyMorning.com