PeakOil is You
THE North American Money Thread (merged)
Re: What do you think abut a common currency - the Amero
by Micki » Sun 28 Oct 2007, 21:19:36
$this->bbcode_second_pass_quote('', 'D')o we get a currency that isn't tanking? Do we get national health care? Do we get to travel to Mexico in February every year, and Canada in July? If the answer to these is yes, I'm all for it.
Those are the type of short term benefits that will be waved in front of people to rally support.
I remember when sweden was voting on EU membership.
So many of my friends voted for it just because they thougth memebership would end the government controlled monopoly for liquor stores and lower alcohol prices.
I was shaking my head in disbelief when I heard their reasons for voting for a membership and smiled smuggly (although grinding my teath as well) when Sweden after joining negotiated for exception of rule and kept the monopoly system.
The only Swedes that I know have benefited from membership are
1) Local politicians who now take less responsibility and refer to EU rules
2) Politicians who are working in the EU and get fat allowances and go to Belgian brothels at tax payers account.
- Micki
Re: What do you think abut a common currency - the Amero
by zoidberg » Mon 29 Oct 2007, 02:53:48
$this->bbcode_second_pass_quote('rumble', 'A')merican/British elite would rule, not Canada or Mexico.
Heh British elite rule. Been an independent nation for quite a while now. British elites, not what they used to be.
Otherwise come on down!
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Re: What do you think abut a common currency - the Amero
by virgincrude » Mon 29 Oct 2007, 04:11:32
Denny: “Let's not forget that the U.S. is still the world leader in many types of scientific and medical research. Yes, it has some problems right now, but given enlightened leadership and a better national spirit, maybe after the Bush adminsitration departs, we'll see the sun rise on a renewed, glorious America.” –
Ever heard of propaganda? I think once the Dollar crumbles, we’ll suddenly find out it was not just the American dream which was an illusion, but just about everything else we’ve been led to believe about America.
“I assume that the new Amero fiscal practices would involve a tripartite economic leadership,” – you assume a lot.
“In Europe, even the smaller countries participate in the overall E.U. leadership, they are not just dominated by Germany, though its the biggest.”
-The biggest what? Economy? (Who’s economy is growing consistently faster than any other European country right now? =Spain’s) So the country with the biggest economy rules. Not the country with the biggest population. So, who has the power?
From the tone of your post, it seems you haven’t read, or understood what Cheshire, Zoidberg or auscanman have been saying: the Amero means goodbye Canada and eventual integration into one (increasingly impoverished) area. As in Europe, so it shall be in the North American continent.
The Euro has only benefitted big business; the huge multinational corporations who actually dictate policy to the EU. The only people who have benefitted economically from the Euro are the share holders and elite. The introduction of a minimum wage has simply ensured the constant supply of slave labour. Here in Spain nobody can afford to buy a home anymore, we have legions of ‘mileuristas’- first-time jobbers earning 1,000 Euro a month (and those are the qualified ones) and unnable to qualify for one of those modern-day burning tyres around one’s neck: i.e a mortgage.
Ever heard of propaganda? I think once the Dollar crumbles, we’ll suddenly find out it was not just the American dream which was an illusion, but just about everything else we’ve been led to believe about America.
“I assume that the new Amero fiscal practices would involve a tripartite economic leadership,” – you assume a lot.
“In Europe, even the smaller countries participate in the overall E.U. leadership, they are not just dominated by Germany, though its the biggest.”
-The biggest what? Economy? (Who’s economy is growing consistently faster than any other European country right now? =Spain’s) So the country with the biggest economy rules. Not the country with the biggest population. So, who has the power?
From the tone of your post, it seems you haven’t read, or understood what Cheshire, Zoidberg or auscanman have been saying: the Amero means goodbye Canada and eventual integration into one (increasingly impoverished) area. As in Europe, so it shall be in the North American continent.
The Euro has only benefitted big business; the huge multinational corporations who actually dictate policy to the EU. The only people who have benefitted economically from the Euro are the share holders and elite. The introduction of a minimum wage has simply ensured the constant supply of slave labour. Here in Spain nobody can afford to buy a home anymore, we have legions of ‘mileuristas’- first-time jobbers earning 1,000 Euro a month (and those are the qualified ones) and unnable to qualify for one of those modern-day burning tyres around one’s neck: i.e a mortgage.
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Re: What do you think abut a common currency - the Amero
by gg3 » Mon 29 Oct 2007, 08:02:28
Against it.
The larger a system that is tightly-coupled, the more prone that system is to failure.
In fact what's needed is a three-level currency system: One, global, based on ergs (units of energy). Two, national, for each nation, based on its own natural, capital, and labor resources. Three, local, for each locality or region, based on labor.
This would enable decoupling each of the levels from the others in the event of economic downturn, thereby enabling at least one level to remain functional and provide for basic needs while another level was in a recession.
I could write eight or ten pages on this subject but am going to refrain from doing so:-)
One more thing: After the dieoff, the value of labor will rise again.
The larger a system that is tightly-coupled, the more prone that system is to failure.
In fact what's needed is a three-level currency system: One, global, based on ergs (units of energy). Two, national, for each nation, based on its own natural, capital, and labor resources. Three, local, for each locality or region, based on labor.
This would enable decoupling each of the levels from the others in the event of economic downturn, thereby enabling at least one level to remain functional and provide for basic needs while another level was in a recession.
I could write eight or ten pages on this subject but am going to refrain from doing so:-)
One more thing: After the dieoff, the value of labor will rise again.
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Re: What do you think abut a common currency - the Amero
by Micki » Mon 29 Oct 2007, 19:12:32
$this->bbcode_second_pass_quote('', 'O')ne more thing: After the dieoff, the value of labor will rise again.
What makes you thnk that?? Demand for products and services will go down with the population, so a die off initself should not impact on the labour demand/supply balance.
- Micki
Dollar End Game = Amero?
by Angry_Chimp » Tue 08 Jan 2008, 21:37:53
Could the Fed be following the policy of the intentional destruction of the dollar to lower the standard of living in the US so it can be integrated into the North American Union?
http://www.cfr.org/publication/8102/
After the currency crash the "Amero" will be offered as the only solution.
A nice timeline of their efforts towards the NAU:
http://fina-nafi.org:80/eng/integ/chron ... menu=integ
==AC
They surely must want to avoid allowing the financial system to collapse around them (in a manner in which its failure would be linked to them) lest they be subject to the wrath of the populace of the major nations. They must thus develop a solution - - an “End Game” as it were - - for what Deepcaster and Richard Russell view as the inevitable collapse.
Deepcaster has described The Cartel’s apparent End Game is in its June, 2007 Letter posted at www.deepcaster.com in the “Archives” at “Latest Letter”.
A most compelling rational conclusion from the foregoing is that The Cartel expects (and may even be pushing) the Dollar to go further and further decline, over the medium term, and to continue their other policies, until there is a “No-Salvation, No-Return Systemic Crisis.” (Very short-term, Deepcaster earlier forecast the U.S. Dollar to “bounce” into the 1st quarter of 2008 - - a forecast that is being fulfilled - - but that does not affect the fact that the primary trend for the U.S. Dollar is down.)
It is clear from a variety of substantial evidence that the relentless monetary inflation, toxic derivatives, dark liquidity, et al has put the financial system in such serious jeopardy that it will be difficult or impossible to remedy (see Deepcaster’s December 23rd “Alert”).
That the U.S. economy is headed in the direction of serious stagflation (a Kondratieff Winter) is pretty clear from the shadowstats.com November, 2007 statistics. According to shadowstats, Real Consumer Price Inflation is running in excess of 11% a year and, as we commented above. The Money Supply Growth (M3) is increasing at nearly 13% a year or a doubling time of nearly 5 years.
Moreover, U.S. GDP “growth” is a negative number - - a negative 2% according to shadowstats. It would appear that The Cartel-charted-course toward a stagflationary recession/depression is on course.
To be sure, this Fed policy of explosively increasing the money supply (“money from helicopters” to use a phrase associated with Chairman Bernanke) and The Cartel’s massive and increasing use of derivatives to intervene in a wide variety of markets (see www.bis.org - - then follow the path: statistics>derivatives>Tables 19 through 22) is fraught with danger. Deepcaster, Warren Buffett and Jim Sinclair have pointed out the dangers of derivatives. Indeed, Buffett calls them toxic and Sinclair has aptly described the financial system as “sitting on a $20 trillion trembling mountain of derivatives…think Weimar Republic.” Unfortunately Jim Sinclair, Warren Buffett, and Deepcaster are correct.
In sum, with The Cartel’s increasing use of derivatives comes an increasing risk of a financial meltdown. We had such a harbinger of one in August, 2007 with the credit market freeze-up but The Cartel was able to rescue its major International Bank and Wall Street clients from this one.
So far The Cartel has staved off a systemic meltdown. But, alas, it may well not always be so.
Thus we expect that a (inevitable eventually) “No-Salvation, No-Return Systemic Crisis” will likely, as Deepcaster pointed out in his June, 2007 Letter, at some point provide The Cartel a catalyst to force realization of its “End Game.” Only the timing and details are dark.
The clue to the character of the “End Game” is the Strategic and Prosperity Partnership Agreement signed by Presidents Bush, Fox of Mexico and Martin of Canada in Waco, Texas in March, 2006.
This Agreement was signed without the approval of Congress, or the knowledge of most of the American people.
It is clear from the End Game Plan reflected in this Agreement why the Bush Administration has been so resistant to defending U.S. borders.
It is also clear that a key component of the End Game Plan is the dissolution of the United States Dollar and other currencies into a new currency, the “Amero.” Indeed, two bits of anecdotal evidence that this plan is being taken seriously are:
1) That the “Swiss Portfolio” Investment Advisory Company is already touting the “Amero Alternative” on its website; and
2) The London investment firm Jeffries International Ltd.’s Vice President, Steven Pervis, said that the coming “Amero” will have “a big impact on everybody’s life.”
One clear inference is that if The Cartel is pushing the Amero as the eventual, and their favored, alternative to the U.S. Dollar, The Cartel certainly intends to continue its interventional efforts at suppressing the prices of Gold and Silver in order to prevent their attaining widely-recognized legitimacy as money.
The foregoing are only a couple of the components of this massive and dramatic End Game Plan, the particulars of which can be found in Deepcaster’s June, 2007 Letter at www.deepcaster.com at “Latest Letter” in the Archives.
In the event of the success (from The Cartel’s perspective) of the implementation of the End Game Plan, doubtless The Fed would transmogrify itself into The (still private and very profitable) Central Bank responsible for issuing the Amero.
Of course, the key question for the long-term is whether The Cartel will be able to pull it off. Certainly they have been instrumental in creating a financial climate which has crisis potential.
The immediate question is whether their massive Cartel Interventional Takedown Machinery will continue to be potent enough to do as they did most recently on December 13 and 14, 2007 - - implement major takedowns of the Gold price directly in face of the high CPI and PPI inflation numbers reported on those two days.
As their recent exponentially increasing derivatives creation shows, The Cartel is having a harder and harder time maintaining their potency.
So it appears that if The Fed is not able to lead its Cartel to success in implementing its “End Game,” the No-Salvation, No-Return Systemic Crisis which its policies will likely create, will clearly and publicly be its responsibility.
In that event, is it not highly likely that The Fed would be unable to continue as a privately owned for-profit entity?
http://www.financialsense.com/fsu/edito ... /0104.html
http://www.cfr.org/publication/8102/
After the currency crash the "Amero" will be offered as the only solution.
A nice timeline of their efforts towards the NAU:
http://fina-nafi.org:80/eng/integ/chron ... menu=integ
==AC
They surely must want to avoid allowing the financial system to collapse around them (in a manner in which its failure would be linked to them) lest they be subject to the wrath of the populace of the major nations. They must thus develop a solution - - an “End Game” as it were - - for what Deepcaster and Richard Russell view as the inevitable collapse.
Deepcaster has described The Cartel’s apparent End Game is in its June, 2007 Letter posted at www.deepcaster.com in the “Archives” at “Latest Letter”.
A most compelling rational conclusion from the foregoing is that The Cartel expects (and may even be pushing) the Dollar to go further and further decline, over the medium term, and to continue their other policies, until there is a “No-Salvation, No-Return Systemic Crisis.” (Very short-term, Deepcaster earlier forecast the U.S. Dollar to “bounce” into the 1st quarter of 2008 - - a forecast that is being fulfilled - - but that does not affect the fact that the primary trend for the U.S. Dollar is down.)
It is clear from a variety of substantial evidence that the relentless monetary inflation, toxic derivatives, dark liquidity, et al has put the financial system in such serious jeopardy that it will be difficult or impossible to remedy (see Deepcaster’s December 23rd “Alert”).
That the U.S. economy is headed in the direction of serious stagflation (a Kondratieff Winter) is pretty clear from the shadowstats.com November, 2007 statistics. According to shadowstats, Real Consumer Price Inflation is running in excess of 11% a year and, as we commented above. The Money Supply Growth (M3) is increasing at nearly 13% a year or a doubling time of nearly 5 years.
Moreover, U.S. GDP “growth” is a negative number - - a negative 2% according to shadowstats. It would appear that The Cartel-charted-course toward a stagflationary recession/depression is on course.
To be sure, this Fed policy of explosively increasing the money supply (“money from helicopters” to use a phrase associated with Chairman Bernanke) and The Cartel’s massive and increasing use of derivatives to intervene in a wide variety of markets (see www.bis.org - - then follow the path: statistics>derivatives>Tables 19 through 22) is fraught with danger. Deepcaster, Warren Buffett and Jim Sinclair have pointed out the dangers of derivatives. Indeed, Buffett calls them toxic and Sinclair has aptly described the financial system as “sitting on a $20 trillion trembling mountain of derivatives…think Weimar Republic.” Unfortunately Jim Sinclair, Warren Buffett, and Deepcaster are correct.
In sum, with The Cartel’s increasing use of derivatives comes an increasing risk of a financial meltdown. We had such a harbinger of one in August, 2007 with the credit market freeze-up but The Cartel was able to rescue its major International Bank and Wall Street clients from this one.
So far The Cartel has staved off a systemic meltdown. But, alas, it may well not always be so.
Thus we expect that a (inevitable eventually) “No-Salvation, No-Return Systemic Crisis” will likely, as Deepcaster pointed out in his June, 2007 Letter, at some point provide The Cartel a catalyst to force realization of its “End Game.” Only the timing and details are dark.
The clue to the character of the “End Game” is the Strategic and Prosperity Partnership Agreement signed by Presidents Bush, Fox of Mexico and Martin of Canada in Waco, Texas in March, 2006.
This Agreement was signed without the approval of Congress, or the knowledge of most of the American people.
It is clear from the End Game Plan reflected in this Agreement why the Bush Administration has been so resistant to defending U.S. borders.
It is also clear that a key component of the End Game Plan is the dissolution of the United States Dollar and other currencies into a new currency, the “Amero.” Indeed, two bits of anecdotal evidence that this plan is being taken seriously are:
1) That the “Swiss Portfolio” Investment Advisory Company is already touting the “Amero Alternative” on its website; and
2) The London investment firm Jeffries International Ltd.’s Vice President, Steven Pervis, said that the coming “Amero” will have “a big impact on everybody’s life.”
One clear inference is that if The Cartel is pushing the Amero as the eventual, and their favored, alternative to the U.S. Dollar, The Cartel certainly intends to continue its interventional efforts at suppressing the prices of Gold and Silver in order to prevent their attaining widely-recognized legitimacy as money.
The foregoing are only a couple of the components of this massive and dramatic End Game Plan, the particulars of which can be found in Deepcaster’s June, 2007 Letter at www.deepcaster.com at “Latest Letter” in the Archives.
In the event of the success (from The Cartel’s perspective) of the implementation of the End Game Plan, doubtless The Fed would transmogrify itself into The (still private and very profitable) Central Bank responsible for issuing the Amero.
Of course, the key question for the long-term is whether The Cartel will be able to pull it off. Certainly they have been instrumental in creating a financial climate which has crisis potential.
The immediate question is whether their massive Cartel Interventional Takedown Machinery will continue to be potent enough to do as they did most recently on December 13 and 14, 2007 - - implement major takedowns of the Gold price directly in face of the high CPI and PPI inflation numbers reported on those two days.
As their recent exponentially increasing derivatives creation shows, The Cartel is having a harder and harder time maintaining their potency.
So it appears that if The Fed is not able to lead its Cartel to success in implementing its “End Game,” the No-Salvation, No-Return Systemic Crisis which its policies will likely create, will clearly and publicly be its responsibility.
In that event, is it not highly likely that The Fed would be unable to continue as a privately owned for-profit entity?
http://www.financialsense.com/fsu/edito ... /0104.html
Last edited by Angry_Chimp on Tue 08 Jan 2008, 22:48:37, edited 1 time in total.
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Re: Dollar End Game = Amero?
by mattduke » Tue 08 Jan 2008, 22:06:26
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes - The Economic Consequences of the Peace (1919)
John Maynard Keynes - The Economic Consequences of the Peace (1919)
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Re: Dollar End Game = Amero?
by Kingcoal » Wed 09 Jan 2008, 02:26:48
Looking at history, issuing a new currency to replace a worthless one usually results in a new worthless currency. I'm not seeing how the debts are discharged with a new currency and even if they are, a bad credit history is a hard badge to wear. It reminds me of the old salesman’s saying; “put a new dress on the old whore.” The dollar is an aging, sagging whore, especially compared to the young, sexy Euro. Of course the Euro, being European, probably has a difficult personality. Maybe the Amero could be issued with a six pack of beer…
"That's the problem with mercy, kid... It just ain't professional" - Fast Eddie, The Color of Money
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Re: Dollar End Game = Amero?
by Angry_Chimp » Wed 09 Jan 2008, 07:19:06
$this->bbcode_second_pass_quote('Kingcoal', 'L')ooking at history, issuing a new currency to replace a worthless one usually results in a new worthless currency. I'm not seeing how the debts are discharged with a new currency and even if they are, a bad credit history is a hard badge to wear. It reminds me of the old salesman’s saying; “put a new dress on the old whore.” The dollar is an aging, sagging whore, especially compared to the young, sexy Euro. Of course the Euro, being European, probably has a difficult personality. Maybe the Amero could be issued with a six pack of beer…
"[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country, and the economy of the world as a whole. This system was to be controlled in a feudalist fashion, by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences.
The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves, private corporations. The growth of financial capitalism made possible a centralization of world economic control, and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups."
~Carroll Quigley, Tragedy and Hope: A History of the World in Our Time (New York: Macmillan, 1966) p.324
If the central banks in the world are "acting in concert" what does a bad credit rating have to do with anything? Just foreclose on all assets, as we see foreigners buying up the country right now, and then wipe away the debt with a few keystrokes. What really matters in the new economic order is that the once mighty US “consumer” that consumed 30% of the worlds energy needs with five percent of the population will now be using much less energy with its new third world status.
==AC
“Even men who were engaged in organizing debt-serf cultivation and debt-serf industrialism in the American cotton districts, in the old rubber plantations, and in the factories of India, China and South Italy, appeared as generous supporters of and subscribers to the sacred cause of individual liberty.”
~H.G. Wells: The Shape of Things to Come
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