New Currency for US, Canada, and Mexico

[Pazooki]

New Currency to Replace US Dollar Already Printed
Pravda | Pravda.ru 1,943 views
December 3, 2008
Pictures of the new currency that will supposedly replace the US dollar have appeared on the Russian Internet. The United States is reportedly working on the new currency, the amero, which will be common for the USA, Mexico and Canada. The unstable financial situation in the world, the collapsing oil prices and the growing foreign debt of the United States may eventually crush the US dollar as the world’s major currency. Needless to say that the US authorities reject the rumors and promise to keep the dollar afloat.

Amero notes have no portraits of US presidents on them and resemble the Belarussian rubles. For example, there is an image of a deer depicted on a 50-amero note, whereas a picture of a pyramid of Mexican Indians can be seen on a 100-amero note.

The amero follows the model of the European Union and its euro. It brings up the idea that the new currency can be adopted by the USA, Canada and Mexico within the scope of the North American Union, which the Bush administration established in 2005 under the Security and Prosperity Partnership of North America (SPP).

On April 6, 2005, the US Treasury announced the formation of the Financial Services Working Group to assist in the SPP’s ‘prosperity’ plans. According to its own press release, the US Treasury’s Financial Services Working Group said it “will play a critical role in the SPP.”

Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a “North American Union (NAU)” No current members of any country’s government have officially stated a desire to create such a body, nor introduce a common currency.

The idea for a North American currency union was first proposed in 1999 by Canadian economist Herbert G. Grubel. A senior fellow of the conservative Fraser Institute think-tank, he published a book titled The Case for the Amero in September 1999, the year that the euro became a virtual currency. Another Canadian think-tank, the C.D. Howe Institute, advocates the creation of a shared currency between Canada and the United States .

After the report came out, center-left nationalist groups in Canada expressed their opposition to any currency union because they view it as an attempt by American businesses to gain access to Canada ’s extensive natural resources while dismantling the nation’s social services. The 100,000 member strong Council of Canadians, a progressive advocacy group, has declared one of its central issues to be the threat of “deep integration”.

Dr. Robert Pastor, in a 2001 book, suggested a common currency should be a foundation of “macro economic cooperation” among the three NAFTA countries. However, the 2005 Independent Task Force on North America, which he chaired, did not recommend a common currency, nor does Pastor in the section for additional and dissenting views suggest a common currency should be a goal.

Source:
http://www.wariscrime.com/2008/12/03/news/new-currency-to-replace-us-dollar-already-printed/

[One-Way]

Actually, they haven't been printed and that image -- along with all the others on the net -- are fake.

The Amero has been discussed into depth for years now. It's clear if that's the route this country takes, we're all pretty much screwed.

[Pazooki]

Actually, they haven't been printed and that image -- along with all the others on the net -- are fake.

The Amero has been discussed into depth for years now. It's clear if that's the route this country takes, we're all pretty much screwed.

I really think they are going to make it. In a way I'm thinking it's going to lead to a depression for some people.

Idk if the picture is real or not but Im sure they'll make the currency probably by this year.

[One-Way]

I don't quite think it will happen this year.

I don't want to get into conspiracy talk but if this does happen, it will prove to be very, very bad for all of us. I'm pretty sure people will jump on a bandwagon claiming the Amero will save us but this isn't going to be good.

[jgk3]

I don't quite think it will happen this year.

I don't want to get into conspiracy talk but if this does happen, it will prove to be very, very bad for all of us. I'm pretty sure people will jump on a bandwagon claiming the Amero will save us but this isn't going to be good.

The Amero will save us if the tv says so. We will not riot to a considerable degree, you can thank the sodium fluoride in our water for that :)

Last I checked, the US was in constitutional marshal law, that is, they can pass new bills in "emergency situations" that need not be approved through the conventional, democratic paced process of the senate. I don't know if it's still like this, this was a few months back.

The Amero curency was apparently minted in 2007 already (in small quantities), it just hasn't been issued yet.

I don't know what the process of implimenting the Amero will exactly look like, but I'm sure they've made a nice, logical story for the average citizen to follow along with already.

[Mizzike]

There really isn't anything in this article that I haven't heard before. Of course it's all very possible. Let's hope it fails though. That prospect is looking bleak though. :(

[gmd]

I do not know how money is created or interest rates set in Canada or Mexico. However, I would be surprised if the governments and central banks of those countries would voluntarily allow the Fed to usurp their sovereignity.

[KanadaHye]

One giant leap for the N.W.O and One World Government.... one huge step back for life, liberty, and justice for all. :evil:

http://www.youtube.com/watch?v=YOhBmOD71B4&feature=related North American Free Trade Agreement Super Highway.

[KanadaHye]

I do not know how money is created or interest rates set in Canada or Mexico. However, I would be surprised if the governments and central banks of those countries would voluntarily allow the Fed to usurp their sovereignity.

The Canadian Gov. has been pumping US currency into its banks just to keep the US dollar afloat. In fact, everytime the Fed decreases US overnight lending rate (rate at which banks lend to each other), the Canadian banks have been doing the same lagging behind by 6-12 months. So basically, as the US economy takes a dump, the Canadian economy lags but not too far behind.

[KanadaHye]

I don't know what the process of implimenting the Amero will exactly look like, but I'm sure they've made a nice, logical story for the average citizen to follow along with already.

The Europeans fell for it... and seeing that the rich trump the poor and "middle" class in North America, it should be a cake walk for the governments to pull the wool over the sheeps eyes.

[ara87]

I heard it was gonna be called the "amera" not "amero," doesn't really matter I suppose. I have no problem with a N.A.U. or a unified currency, I think it's a great idea. Canadians and American (Qubec aside) are pretty similar, and have no reason not to be 1 country and the unification of the US and Mexico solves illegal immigration.

But anyhow don't worry the texas trans corridor which would be the heart of the "NAFTA super highway" is in limbo right now.

[Anonymouse]

This isn't new. It's been debated for years but the idea behind such a thing is not unrealistic (see Euro) to the point where we should be surprised if this does transpire.

One wonders how the current 'economic crisis' was manipulated into existence to then create a pretext for this sort of thing. In the end, things lead to more government, more centralization, more globalization.

Most things in the world do not happen 'accidentally'. In other words, the present economic crisis was not a result of a fortuitous concourse of events, but rather a result of careful manipulation of interest rates, the printing of money, etc., and methodical planning. Things like this don't happen accidentally. Everything is a result of purposeful human action. Some powerful individual(s) somewhere acted and therefore there were repercussions.

The power elite always present a thesis (problem) which leads to an antithesis (reaction) and resulting in a synthesis (solution) in all things government related.

[gmd]

This isn't new. It's been debated for years but the idea behind such a thing is not unrealistic (see Euro) to the point where we should be surprised if this does transpire.

One wonders how the current 'economic crisis' was manipulated into existence to then create a pretext for this sort of thing. In the end, things lead to more government, more centralization, more globalization.

Most things in the world do not happen 'accidentally'. In other words, the present economic crisis was not a result of a fortuitous concourse of events, but rather a result of careful manipulation of interest rates, the printing of money, etc., and methodical planning. Things like this don't happen accidentally. Everything is a result of purposeful human action. Some powerful individual(s) somewhere acted and therefore there were repercussions.

The power elite always present a thesis (problem) which leads to an antithesis (reaction) and resulting in a synthesis (solution) in all things government related.

Do you really believe there is a cabal of geniuses who are manipulating events behind the scenes? I find it hard to believe that any group of humans can maintain that level of organization, unity, and intelligence. I think the more likely possibility is that man attempts to manipulate the laws of nature, in his hubris, and fails. After he encounters failure he plods ahead and makes the best of the situation. At some point he will run head first into a wall and crack his head open. The hope for anyone watching is that mankind hurt only itself and not all other life around it.

[Anonymouse]

Do you really believe there is a cabal of geniuses who are manipulating events behind the scenes? I find it hard to believe that any group of humans can maintain that level of organization, unity, and intelligence.

I never said such a thing. You do not need a monolithic cabal of geniuses working in unison to exercise influence and plan and manipulate events.

I think the more likely possibility is that man attempts to manipulate the laws of nature, in his hubris, and fails. After he encounters failure he plods ahead and makes the best of the situation. At some point he will run head first into a wall and crack his head open. The hope for anyone watching is that mankind hurt only itself and not all other life around it.

This is also true. See picture below:

http://saudijeans.files.wordpress.com/2008/11/obama.jpg

[gmd]

I await the day when the long pigs awaken and feast on the carcas of the wolf.

[yerazhishda]

The power elite always present a thesis (problem) which leads to an antithesis (reaction) and resulting in a synthesis (solution) in all things government related.

Dialectical Materialism = Communism. :(

[KanadaHye]

Do you really believe there is a cabal of geniuses who are manipulating events behind the scenes? I find it hard to believe that any group of humans can maintain that level of organization, unity, and intelligence. I think the more likely possibility is that man attempts to manipulate the laws of nature, in his hubris, and fails. After he encounters failure he plods ahead and makes the best of the situation. At some point he will run head first into a wall and crack his head open. The hope for anyone watching is that mankind hurt only itself and not all other life around it.

Knowledge is power... and the common man is left in the dark on purpose.

[hipeter924]

Call it: God ;)

[Eddo211]

This isn't new. It's been debated for years but the idea behind such a thing is not unrealistic (see Euro) to the point where we should be surprised if this does transpire.

One wonders how the current 'economic crisis' was manipulated into existence to then create a pretext for this sort of thing. In the end, things lead to more government, more centralization, more globalization.

Most things in the world do not happen 'accidentally'. In other words, the present economic crisis was not a result of a fortuitous concourse of events, but rather a result of careful manipulation of interest rates, the printing of money, etc., and methodical planning. Things like this don't happen accidentally. Everything is a result of purposeful human action. Some powerful individual(s) somewhere acted and therefore there were repercussions.

The power elite always present a thesis (problem) which leads to an antithesis (reaction) and resulting in a synthesis (solution) in all things government related.

Well said Anonymouse

For example are we to believe that the central bank / treasury department didn’t know about the coming mortgage crisis in US? They created this problem.
Did you know every Dollar lend to the Government has a certain % of dept attach to it? It is all controlled as you said on how much money is printed and what interest rate they set.

Realistically though US Dollar is as strong as ever and it is not on its way out as many hope for the US economy to collapse. In fact 75% of actual currency is not even in US soil, it is scattered overseas from Taxi drivers in Iran to Merchants in Fiji.

The idea behind creating a one-world government from joining the North American Union, European Union, Asian Union, and African Union is not necessarily evil but it can be a good thing as well…but it sure sounds scary.
Either way these conspiracy theories were all created in US many years ago and this French website is having fun with it. In all reality what the Bush Administration has done is that with signing the new North American trade agreement between the three countries, it has effectively removed any tariff on ships downloading their cargo on each others ports, which now benefits certain special interest groups, then he raised taxes.

[KanadaHye]

Well said Anonymouse

For example are we to believe that the central bank / treasury department didn’t know about the coming mortgage crisis in US? They created this problem.
Did you know every Dollar lend to the Government has a certain % of dept attach to it? It is all controlled as you said on how much money is printed and what interest rate they set.

Realistically though US Dollar is as strong as ever and it is not on its way out as many hope for the US economy to collapse. In fact 75% of actual currency is not even in US soil, it is scattered overseas from Taxi drivers in Iran to Merchants in Fiji.

The idea behind creating a one-world government from joining the North American Union, European Union, Asian Union, and African Union is not necessarily evil but it can be a good thing as well…but it sure sounds scary.
Either way these conspiracy theories were all created in US many years ago and this French website is having fun with it. In all reality what the Bush Administration has done is that with signing the new North American trade agreement between the three countries, it has effectively removed any tariff on ships downloading their cargo on each others ports, which now benefits certain special interest groups, then he raised taxes.

Then all the foreign governments have to do is drop their shares of the US dollar and the US dollar would be WORTHLESS as it should be in real economic standards. So don't tell me there isn't a a conspiracy to artificially prop up the US dollar. The amount of debt attached to the dollar is so great that in encompasses the next 2 or 3 generations. If you read the the writing on US money, it clearly states that THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE.

[jgk3]

Knowledge is power... and the common man is left in the dark on purpose.

"Knowledge is power... Guard it well." Warhammer 40k: Dawn of War

If you abide to the above, I guess you will not be a common man anymore.

[KanadaHye]

Who will buy all those treasurys?
China has misgivings about the U.S. economy and the value of the dollar.

(breakingviews.com) -- Chinese doubts about the value of U.S. Treasury bonds highlight a crucial question: Who will buy the estimated $2.7-4.2 trillion of debt expected to be issued over the next two years?

With annual foreign purchases accounting for less than a tenth of the low end of that range, and domestic investors unable to bridge the gap, the Chinese are right to worry.

Yu Yongding, former adviser to the People's Bank of China, recently demanded guarantees for the value of China's $682 billion of Treasury securities. Then Luo Ping, director of the China Banking Regulatory Commission, said that China had misgivings about the U.S. economy, but despite this it would continue to buy Treasuries.

The two statements appear designed to raise the issue non-confrontationally before new chief U.S. diplomat Hillary Clinton's visit to Beijing on February 20.

China worries about the dollar's value against other currencies, particularly the yuan. With U.S. interest rates so low, the dollar's value may slide. However, President Barack Obama has repeatedly said he wants a strong dollar, and indeed its trade-weighted value rose 13.9% between April and December 2008.

The other area of concern for China is the value of its Treasuries. Given the U.S. borrowing requirement and its lax monetary policy, T-bond yields could well rise sharply, causing a corresponding price decline.

If China's holdings match Treasuries' average 48-month duration, then a 5% rise in yields, from 1.72% on the 5-year note to 6.72%, would lose China 17.5% of its holdings' value, or $119 billion.

Foreign buyers have absorbed a little over $200 billion of Treasurys annually, a useful contribution to financing the $459 billion 2008 deficit, but only a modest help towards the $1.35 trillion minimum average deficit forecast for 2009 and 2010.

Unless that changes substantially, there will be $1 trillion annually to be raised by the Treasury from domestic sources, more than double the previous record from domestic and foreign sources together, plus whatever is needed to bail out the banks.

Even if the U.S. savings rate were to rise from zero to its long-term average of 8% of disposable personal income, that would create only an additional $830 billion of savings - not enough to fund the domestic share of the deficit. Interest rates would probably have to rise substantially to pull in more foreign investors.

Yu is right to worry
__________________________________________________ ________________________________________

Its nice to see that the future of the "free" world is in the hands of the Chinese... better start learning to speak Mandarin :)

[JohnCanadian]

New Currency to Replace US Dollar Already Printed
Pravda | Pravda.ru 1,943 views
December 3, 2008
Pictures of the new currency that will supposedly replace the US dollar have appeared on the Russian Internet. The United States is reportedly working on the new currency, the amero, which will be common for the USA, Mexico and Canada. The unstable financial situation in the world, the collapsing oil prices and the growing foreign debt of the United States may eventually crush the US dollar as the world’s major currency. Needless to say that the US authorities reject the rumors and promise to keep the dollar afloat.

Amero notes have no portraits of US presidents on them and resemble the Belarussian rubles. For example, there is an image of a deer depicted on a 50-amero note, whereas a picture of a pyramid of Mexican Indians can be seen on a 100-amero note.

The amero follows the model of the European Union and its euro. It brings up the idea that the new currency can be adopted by the USA, Canada and Mexico within the scope of the North American Union, which the Bush administration established in 2005 under the Security and Prosperity Partnership of North America (SPP).

On April 6, 2005, the US Treasury announced the formation of the Financial Services Working Group to assist in the SPP’s ‘prosperity’ plans. According to its own press release, the US Treasury’s Financial Services Working Group said it “will play a critical role in the SPP.”

Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a “North American Union (NAU)” No current members of any country’s government have officially stated a desire to create such a body, nor introduce a common currency.

The idea for a North American currency union was first proposed in 1999 by Canadian economist Herbert G. Grubel. A senior fellow of the conservative Fraser Institute think-tank, he published a book titled The Case for the Amero in September 1999, the year that the euro became a virtual currency. Another Canadian think-tank, the C.D. Howe Institute, advocates the creation of a shared currency between Canada and the United States .

After the report came out, center-left nationalist groups in Canada expressed their opposition to any currency union because they view it as an attempt by American businesses to gain access to Canada ’s extensive natural resources while dismantling the nation’s social services. The 100,000 member strong Council of Canadians, a progressive advocacy group, has declared one of its central issues to be the threat of “deep integration”.

Dr. Robert Pastor, in a 2001 book, suggested a common currency should be a foundation of “macro economic cooperation” among the three NAFTA countries. However, the 2005 Independent Task Force on North America, which he chaired, did not recommend a common currency, nor does Pastor in the section for additional and dissenting views suggest a common currency should be a goal.

Source:
http://www.wariscrime.com/2008/12/03/news/new-currency-to-replace-us-dollar-already-printed/

Im sorry but Third World Countries like Russia tend to have a habit of creating big disinformation campaigns. I totally reject that article in Canada and the US we haven't heard of anything like this before this is very odd Russian media. We have not decided anything at a North American single currency like the strong and highly able Euro. Where do Russian's get these false stories from, its weird?:confused: Dont trust Russian media most of its scam and there to take the money and resources of you in trade of a bullet in your face.

[ara87]

Don't worry guys with clive owens new flick about evil, scheming, manipulative, out of control banks, the publics bound to wake up.