[Polemic]

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison

The international bankers engineered "The Panic of 1907" stock market crash which saw the Dow drop 50%; and later presented it as a justification for the creation of the Federal Reserve Bank.

I suspect that a 2007 dollar/market crash will be orchestrated, and then used to support the creation of a North American Union with an Amero currency. Basically they hijacked the dollar printing press, used those dollars to buy up as much wealth as possible for as long as possible; and now that they've run that dollar into the ground, it's time to find a new currency with which to sucker people.

We'll hear banalities from the controlled media like, "We're (USA, Canada, Mexico) much stronger when we work together."

[rogerhb]

$this->bbcode_second_pass_quote('Polemic', 'W')e'll hear banalities from the controlled media like, "We're (USA, Canada, Mexico) much stronger when we work together."

[Polemic]

$this->bbcode_second_pass_quote('rogerhb', '.').. and look how the Euro is doing compared to the dollar. Facts like that.

[DantesPeak]

I agree that the US dollar may be headed for a crash, but I don't see that as intentional - as least not intnetionally anything more than a minor (up to 10% decline) in one year.

Also I do not see Mexico as being part of the post PO equation. Based on figures we've been seeing for Cantarell, Mexico could become an oil importer in 3 to 5 years. It already is a gasoline importer. In addition, there will be less demand for cheap Mexican labor in the post PO recession (later on becoming a depression) and anyway, there will be a backlash against immigrants because of their perceived drain on government resources.

This by no means implies that Mexicans are poor workers, or are the cause of falling Mexican oil production. Just victims of circumstance.

Canada is another matter. I see great pressure on them to keep sending energy resources south bound.

[Daculling]

$this->bbcode_second_pass_quote('DantesPeak', 'T')his by no means implies that Mexicans are poor workers, or are the cause of falling Mexican oil production. Just victims of circumstance.

[rogerhb]

$this->bbcode_second_pass_quote('Polemic', 'F')irst of all, the main reason for the falling dollar is inflation, which is a hidden tax perpetrated on the people by the money powers.

[NEOPO]

I think the point is that it is being fucked on purpose.

Polemic is suggesting a grand conspiracy and I agree.

[rogerhb]

$this->bbcode_second_pass_quote('NEOPO', 'I') think the point is that it is being fucked on purpose.

[Denny]

I just listened to this report on the sudden plunge of the U.S. dollar, and the analyst has some scary conclusions:

1) The Chinese are now diverting their new bank reserve holdings into gold (yeah, that old fashioned stuff) and the Euro. They have slid from having 85% of their reserves in the buck to 70% and this will reduce further in time.

2) From 1995 to 2005, American investors have quadrupled their holdings of off-shore stocks and foreign investors are now favoring non-U.S. stocks as well. There is now more stock growth outside the U.S. than inside.

3) The only way the U.S. can bring down its ongoing trade deficit is to accept recession and also to increase taxes.

Their is a split happening between the U.S. economy and Europe. Current U.S. conditions such as the housing slump in the U.S. would make lower interest rates desirable for the economy but in Europe, either stable or slightly increased interest rates are expected. The interest rate divide will by itself force the buck lower.

But, it also seems to me that any regime of higher interest rates in the U.S. will push its most important industry, automobiles, right off the cliff. Maybe Toyota, Nissan and Honda can weather a slip in sales, but not Ford or GM. To top it off, the American big 3 (or maybe its 2.5 now) carry huge debt loads and higher interest rates will also drive up their fixed costs for interest charges. It seems that the U.S. should launch some great new initiatives to bring jobs and to reduce its deficit and one way may well be renewable energy projects. Perhaps use a subsidized low interest rate for these. Like Japan did years ago with its auto industry to stimulate investment in it. That would be a creative way around this dilemma.

See Report on Business clip

One thing this does not explain is why the Chinese would want to hurt the U.S. this way, as by extension it will reduce U.S. purchases. Shouldn't they always want to support their best customer?

Who would have ever thought, even twenty years ago, that China would carry so much clout?

[DantesPeak]

$this->bbcode_second_pass_quote('Denny', 'I') just listened to this report on the sudden plunge
One thing this does not explain is why the Chinese would want to hurt the U.S. this way, as by extension it will reduce U.S. purchases. Shouldn't they always want to support their best customer? Who would have ever thought, even twenty years ago, that China would carry so much clout?

[gg3]

Polemic, spouting racist garbage kills your credibility. Too effing bad for you.

But you also do a disservice to any honest attempt to shut down excessive immigration.

The bottom-line reason to curb immigration, legal as well as illegal, is to prevent countries that are reproductively irresponsible from overwhelming countries that manage to keep their numbers within sustainable limits. This has nothing to do with race and everything to do with population vs. resources on a regional basis.

From what I observe daily in the Bay Area, Mexican immigrants as well as Asian immigrants have added greatly to our culture in terms of work ethic, family ethic, and community ethic: things that are sadly lacking among the majority as they slip further into lifestyles of selfishness and dissipated decadence. However the fact remains that California is overpopulated, much of the US is overpopulated, and thus we can't keep the doors open regardless of the virtues that may come from elsewhere.

[Fergus]

What can the average man do about it? Nothing but sit back and watch it happen. Oh well. We had a good run, but like the Roman empire, This empire too shall fall. Does knowing your doomed make it any easier? No, not really.

[MrBill]

Why would Canada want a currency union with the USA and Mexico? They have the natural resources to sell. They have a trade surplus with the rest of the world. And they are currently running budget surpluses as well. Some Provinces are doing better than others. But why would they throw that away to get embroiled in the US' financial quagmire?

Ideologically, we are farther apart now than we have ever been since 1812 it seems? Welcoming European, Chinese, Russian, Indian and US involvement into our resource sectors based on commercial terms and not preferential treatment is just hedging our bets for the future to reduce our reliance on our one and only former best friend and ally. Numerous broken treaties and agreements in both the spirit and the letter of the law have taught us to be leery of any paper signed by Uncle Sam's agents.

I am afraid the US will have to swing alone with its problems. Canada will not be unaffected, but do not expect us to join the Amero or NA Union as a poor country cousin or junior partner. I get such a kick out of many people's US-centric view of the world. Quite divorced from what the rest of us are thinking in any case. But good luck! ; - )

p.s. yes, I know you can use military force to take what you want, but that is not a voluntary decision to sign onboard a sinking ship as the hewers of wood and drawers of water while the US captain is on the bridge shouting orders and enjoying the cruise while it lasts.

[Dreamtwister]

$this->bbcode_second_pass_quote('MrBill', 'W')hy would Canada want a currency union with the USA and Mexico? They have the natural resources to sell. They have a trade surplus with the rest of the world. And they are currently running budget surpluses as well. Some Provinces are doing better than others. But why would they throw that away to get embroiled in the US' financial quagmire?

[Denny]

$this->bbcode_second_pass_quote('Dreamtwister', '[')i]We don't want a North American union, but our politicians do. Ottawa has been bending over for Washington since the 50's (Thank you very much Diefenbaker).

Our government is completely infiltrated by US government and corporate interests. For crying out loud, our Prime Minister was put into office with oil money.

[mattduke]

The dollar crisis will be used to move to the trans-national Amero. Why would Canada pursue policies that are not in it's interest? I dunno, why do we have the Fed, which is clearly not in the US population's interest? The bankers, whose power does not depend upon periodic elections, are extremely powerful and the Amero is definately in their interest. Do you really believe Bill Gates is the richest man in the world?

[mmasters]

I was wondering if we were to convert US dollars to a new regional currency (say the AMERO) how would this process be done? Is there anyone from Europe that could explain how the process of going to the EURO was done, the amount of time it took and any problems that arose?

[dukey]

u just go to the bank and swap your dollars for ameros. i remember in ireland there was one bank that got the exchange rate wrong, and this one kid figured out he could make money simply by exchanging it back and forth ;p

[Benzin]

I for one welcome our new banking Overloads.

[Falconoffury]

Is evidence really strong that this would happen?

Will it do anything to reign in the inflation problem? If yes, how?

What countries are likely to agree to convert to this currency?