On the Ron Paul forum:
October 1, 2008
US Sends $800 Billion In New Amero Currency To China
By: Sorcha Faal, and as reported to her Western Subscribers
A chilling report circulating in the Kremlin today states that the US
Secretary of the Treasury has informed the China Development Bank that
the US has shipped $800 Billion of a new currency called the Amero,
which is to be based upon the merging of the economies of The United
States, Mexico and Canada into what is termed as The North American
Union.
The current American debt obligation to China, currently based on the US
Dollar, is now estimated to be the staggering sum of $2.5 Trillion, and
which this new Amero will be exchanged for $400 Billion of this debt as
the current American currency is set to be devalued by 50 percent before
the end of the year.
Virtually unknown to the American people is that their current leader of
the US Department of Treasury, Henry M. Paulson, Jr., has been tasked by
President Bush to lead the efforts to join the economies of the US,
Canada and Mexico and is also the head of the North American Development
Bank, the bi-national financial institution established by the United
States and Mexico to further the merging of their economies, and the
leader of the Border Environment Cooperation Commission (BECC), the
organization created by the governments of the United States and Mexico
to further the implementation of the North American Free Trade Agreement
(NAFTA).
This is important to note as the final provisions of the NAFTA Agreement
were implemented on January 1, 2008, leaving only the final merging of
the economies of the US, Mexico and Canada into a North American Union
to be accomplished, of which we can read:
"President Bush is pursuing a globalist agenda to create a North
American Union, effectively erasing our borders with both Mexico and
Canada. This was the hidden agenda behind the Bush administration's true
open borders policy.
Secretly, the Bush administration is pursuing a policy to expand NAFTA
politically, setting the stage for a North American Union designed to
encompass the U.S., Canada, and Mexico. What the Bush administration
truly wants is the free, unimpeded movement of people across open
borders with Mexico and Canada.
President Bush intends to abrogate U.S. sovereignty to the North
American Union, a new economic and political entity which the President
is quietly forming, much as the European Union has formed."
It is also interesting to note that American economists have been
warning about the replacing of the US Dollar with the Amero, due to
pressure from China, for nearly two years, and as we can read in this
December, 2006 report titled Analysts: Dollar collapse would result in
'amero', and which says:
"As WND reported earlier this week, in an unusual move, the Bush
administration is sending virtually the entire economic "A-team" to
visit China for a "strategic economic dialogue" in Beijing Thursday and
Friday. Treasury Secretary Henry Paulson and Federal Reserve Chairman
Ben Bernanke are leading the delegation, along with five other
cabinet-level officials, including Secretary of Commerce Carlos
Gutierrez. Also in the delegation will be Labor Secretary Elaine Chao,
Health and Human Services Secretary Mike Leavitt, Energy Secretary Sam
Bodman, and U.S. Trade Representative Susan Schwab.
But Chapman doubts the trip will help the Fed to engineer a slow dollar
slide.
"The Chinese are going to do what the Chinese want to do, not what we
want them to do," he said. "I believe the Chinese are going to send
Treasury Secretary Paulson and Fed Chairman Bernanke home packing, with
little or nothing to show for the trip."
How severe will the coming dollar collapse be?
"People in the U.S. 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."
The prophetic warnings of these American economists are, indeed, coming
to pass as during the month of September alone, 10 years worth of gains
on US stock markets have been wiped out in their entirety and bank runs
are now occurring in the United States for the first time since the days
of the Great Depression leading to the failure of 13 banks, some of
their largest, and the imminent failure of 117 more forecasted by the US
government.
US Treasury Secretary Paulson, however, continues leading the charge
attempting to force upon the American people the 'final peg' to their
own demise by completely bankrupting the United States leaving no other
choice but to completely discard the almost totally worthless US Dollar
and its replacement with the Amero.
It goes without saying that the American people will greatly resist the
replacement of their Dollar, but this cannot be said when tens of
millions of them are without jobs and their life savings have become
worthless leaving them with no other choice but accept what their own
leaders have planned for them all along.
To this growing crisis currently battering the US, and its destruction
of the entire Western Economy, Russian Military Analysts state in their
reports that the establishment of a North American Union is by no means
a foregone conclusion as aligned against it are the combined, and
powerful, forces of the United States Military establishment and the
State of Israel, both of whom see their demise should this planned
merger occur.
This is important to note because both the US Military and Israel are
proponents of what is termed as 'Disaster Capitalism' which advocates
the seemingly contradictory view that 'shocks' and 'crashes' to
populations and economies are quickly followed by long periods of
sustained growth and stability.
The phenomena of Disaster Capitalism was first observed during the 2007
World Economic Forum in Davos, Switzerland, where this 'puzzling trend'
was discussed and debated at great length, but which none of the
participates could dispute after the full reports of the effects of
September 11, 2001, in the United States, and other such catastrophic
disasters, were fully analyzed.
To the growing Western adherence to the new ideology of Disaster
Capitalism, and its dangers, we are further warned by the eminent writer
Naomi Klein in her seminal work "The Shock Doctrine: The Rise Of
Disaster Capitalism", and where she states:
"The creeping expansion of the disaster capitalism complex into media
may prove to be a new kind of corporate synergy, one building on the
vertical integration so popular in the nineties. It certainly makes
sound business sense. The more panicked our societies become, convinced
that there are terrorists lurking in every mosque, the higher the news
ratings soar, the more biometric IDs and liquid-explosives-detection
devices the complex sells, and the more high-tech fences it builds.
If the dream of the open, borderless "small planet" was the ticket to
profits in the nineties, the nightmare of the menacing, fortressed
Western continents, under siege from jihadists and illegal immigrants,
palys the same role in the new millennium.
The only prospect that threatens the booming disaster economy on which
so much wealth depends-from weapons to oil to engineering to
surveillance to patented drugs-is the possibility of achieving some
measure of climatic stability and geopolitical peace."
To which of these powerful forces, North American Union or Disaster
Capitalism, the American people will ultimately be forced into choosing
it is not in our knowing. But, what is in our knowing is that these
Americans are woefully ill equipped, on every level imaginable, to
either fully understand, or know how to survive, the horrific future
being planned for them.
© October 1, 2008 EU and US all rights reserved.
http://www.whatdoesitmean.com/index1148.htm
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Sorcha Faal
sorchafaal@fastmail.fm
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