Word has it that the US Dollar is soon to be replaced by the ‘Amero’. Is this just another conspiracy theory kicked up by a bunch of bored conspiracy theorists?
Who knows, but at the rate the US economy finds itself sinking further into a quicksand recession, the introduction of the Amero might just turn out to be a reality.
And this brings us to the North American Union (NAU). So what exactly is the NAU? The NAU apparently brings together the United States, Canada and Mexico under one umbrella – with the eradication of each country’s borders - to allow free trade, in addition to the free entry and exit of people residing in the three aforementioned countries.
The NAU, infact, is quite like the European Union, which too, follows an agenda which is absolutely globalized: one system, one currency - where the US Dollar, Canadian Dollar and the Mexican Peso will be replaced by the Amero.
But the Western media, for reasons unknown, hasn’t really addressed the NAU and the Amero.
During my online research, I found that well-known publications such as The Washington Post, The New York Times, Newsweek and TIME failed to carry any sort of newsbyte, article or column addressing this conspiracy theory (or imminent reality).
Drake Bennett of The Boston Globe is perhaps the only credible journalist (whose article I sourced online) who published an article in November 2007 about the entire Amero conspiracy.
Bennett, in his article states: “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. Government officials say a continental union is out of the question, and economists and political analysts overwhelmingly agree that there will not be a North American Union in our lifetimes. But belief in the NAU - that the plans are very real, and that the nation is poised to lose its independence - has been spreading from its origins in the conservative fringe, colouring political press conferences and candidate question-and-answer sessions, and reaching a kind of critical mass on the campaign trail.”
Another website claimed that the US had shipped 800 billion Ameros to China to cover its debt obligation!
Could all of this really be hearsay? An interesting 2006 report titled ‘Analysts: Dollar collapse would result in Amero’ (up on a number of websites and e-zines) quotes Bob Chapman (a financial newsletter writer): “People in the US are going to be hit hard,” Chapman warned. “In the severe recession we are entering now, Bush will argue that we have to form a North American Union to compete with the Euro.” “Creating the Amero”, Chapman explained, “will be presented to the American public as the administration's solution for dollar recovery. In the process of creating the Amero, the Bush administration just abandons the dollar.”
A reporter/commentator working for CNN, Lou Dobbs officially stated that the foundation for the NAU – a borderless nation - is in actuality, being set without the approval of the hundreds and millions of citizens that will be affected by it.
Wikipedia covers the Amero conspiracy quite extensively. For instance, the website claims that in 2001, the results of a poll in Quebec affirmed that while “over 50 percent of respondents favoured the idea of a shared currency”; the rest opposed the notion of a common currency.
Mexico, on the other hand quite interestingly (as stated by Wikipedia) supports the notion: “Former Mexican President Vincente Fox echoed that view and expressed his hope for a greater integration of Canada, Mexico and the United States, including an eventual monetary union while on a 2007 promotional tour for his book ‘Revolution of Hope’”.
Why the Amero conspiracy may just turn out to be a farce is because the creation of one system – uniting the economies of America, Canada and Mexico – will transfer the reign of power into the palms of America. And this might not go down well with Canada and Mexico as then; both countries would have to forgo economic independence in addition to America tapping into Mexico and Canada’s natural resources.
The words of caution coming by way of American scholars, writers and journalists whilst the American economy plummets further down the growth curve into heavy-duty decline, can’t help but make one wonder and feel perhaps, slightly suspicious about the Amero conspiracy actually becoming a hard-hitting truth.
This is because the greatest superpower in the world – the United States of America – finds itself in an economic malaise, one that can be juxtaposed with the Great Depression of the 1930s.
While some conspiracy theories remain riddled with loop-holes, others stand in a quivery state of stagnation – waiting to be proven and/or negated.
From the New World Order, underground secret societies, and now the NAU, one wonders what the truth really is regarding the latter.
Could the NAU and the introduction of the Amero be a looming reality – introduced just in time to save the American economy from the shambles?
Or, could it simply be another one of those batty conspiracy theories, feeding on one’s paranoia…which, with time, will eventually be swept under the rug?
Copyright applies.
http://www.thesaturdaypost.com/community_165_amero.htm
by RT staff report via reed 2009-02-04 09:35:39
While the world economy collapses the American dollar continues to strengthen its position in the world, to little wonder – it’s getting back to its basics as the backup currency on every continent except Antarctica.
Yet since the U.S. has debts two times exceeding the world’s GDP one cannot help but ask oneself – what’s next?
The web is flooded with lots of theories and rumours about what would happen to the American currency whether, when and where it would fall – or what else. Some of them look like senseless fantasies, others resemble futurologist’s predictions, but the conspiracy theories of all kinds and colours are firmly on top of all.
“Dollar will crash soon”, “U.S. will change currency”, “Dollars will be sold by weight” – as some smart Russian blogger put it – who creates such buzz and is there a rational reason for the slightest of anxieties?
Well, there is a fact that poses a question, with a big Q. Dollar monetary stock worldwide has grown two-fold over the last half-year and this printing press does not seem to be slowing down. [Emphasis added.]
Would this financial pyramid eventually collapse (since these lots of green paper are not based neither on gold or something equally solid nor collateralized to be collateral)? No one from the U.S. Federal Reserve System so far has intelligibly explained what they are planning to do with the paper, and this mystery probably holds the key answer to the question posed above.
The unimaginable trillions of dollars of national debt make the currently realised $US 700 billion bailout plan look pale in comparison – as well as the $US 850 billion next one currently being discussed.
The truth is that all this money just does not exist. You can print banknotes but you cannot necessarily call them “money”. Imagine this money distributed equally among every living person and fancy what would happen if they all decided to buy goods simultaneously – there’d not be enough goods on this planet. What’s next? Guess for yourself.
So, the devaluation of the dollar is probably not far away but what could happen before this event? Here are just some of the most fabulous yet entirely possible worst-case scenarios.
Option 1. Have you heard about Amero? Not yet?! Well, that’s how most probably will be called the currency of the united economic zone of the U.S., Canada and Mexico. Unimaginable? You’d better imagine what to do with the green paper stockpiled throughout the world if the exchange rate is 1:10 or even 1:100.
Option 2. This world is infested with forgers and false dollars (most of them not in the U.S.) When the hour comes and the new (let’s say red) dollar is produced, all the rest of the world would face the problem of how to use the green ones. Beware! The print is toxic and you’d die anyway when trying to burn them in your fireplace once you survive the heart attack of hearing the news itself.
Option 3. Everyone knows that the U.S. is a cheap country. Americans do not hellishly spend popular $US 100 banknotes as often as the rest of us. No use – no need. Why don’t they call them off altogether? They are nearly all false, anyway.
Option 4. The U.S. declares itself technically bankrupt. Impossible? There are RULES, you’d say? Everything’s possible for the country that has changed the rules of the game countless times to become the biggest consumer sponging on the rest of the world.
Option 5. Uncontrollable printing of the dollar banknotes alone would collapse the dollar system that would make the debt returning for the U.S. Federal Reserve System a task somehow much easier than it is nowadays.
There are economists that do hope that a number of regional unified currencies would emerge within the near future in Asia, Latin America, and Arab world, and even among post-Soviet countries. The euro is a spectacular example, but you do not need to be an economist to understand that such processes expand for decades (consider again the euro example) while the crisis has already stepped in and mushroomed as straight and tall as an atomic cloud.
That is why the more probable seems an Option 6, which is a good old receipt when some countries are busy exterminating each other’s population while the other countries are just accepting arms contracts from both warring parties. Just keep in mind we live in a nuclear age. Again unthinkable? Than take a closer look at the Islamist-torn Pakistan and India and their relations after the Mumbai massacre. Nuclear weapons? They have them both.
If they wage war against each other, they’d be no such thing as Asian, Arab or even European financial markets at all and nobody would care what the hell happened to the dollar.
© 2009 TV-Novosti
http://www.russiatoday.com/features/news/36658