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Title: Analysts: Dollar collapse would result in 'amero'
Source:
WorldNetDaily
URL Source: http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53350
Published: Dec 13, 2006
Author: Jerome R. Corsi
Post Date: 2006-12-13 17:25:30 by boonie rat
Keywords: None
Views: 293
Comments: 13
Posted: December 13, 2006 1:00 a.m. Eastern By Jerome R. Corsi © 2006 http://WorldNetDaily.com Two analysts who have reconstructed money supply data after the Fed stopped publishing it argue a coming dollar collapse will set the stage for creating the amero as a North American currency to replace the dollar. The reconstructed M3 data – the broadest measure of money – published on econometrician Gary Kuever's website, http://NowAndFutures.com, shows M3 increased at a rate of 11 percent in May, compared to 9 percent when the Federal Reserve quit publishing M3 data earlier this year. Asked why the Fed decided to stop publishing M3 data, Kuever told WND, "The Fed probably wants to hide how much liquidity is being pumped into the market, and I expect the trend to keep pumping liquidity into the market will continue, especially since the economy is slowing down." (Story continues below) Why is this important? "The trend line in my M3-plus-debt chart is staggering," Kuever said. "There has been a straight, long-term trend line of M3-plus-credit increasing since 2000. Long-term, we are creating inflation and the dollar has lost almost 98 percent of its value in the past 100 years." Kuever, a retired investor, is concerned that with growing budget and trade deficits "the dollar could collapse." "Especially if the Fed cannot increase rates, because we have already entered a recession," he said. Analyst Gary Kuever's chart shows M3-plus-credit, short term, from May 2000 to September 2006 Bob Chapman, who issued a reconstructed M3 estimate to the 100,000 subscribers to his newsletter, "The International Forecaster", agrees. "The world is awash in money and credit," Chapman told WND. "My numbers show M3 increasing at about a 10-percent rate right now." Chapman believes the U.S. economy entered a recession in February. In his newsletter of Dec. 9 he predicted the Fed would hold interest rates at 5.25 percent. "The Fed is in a very tough spot here," Chapman wrote, "If they raise rates, the real estate market will collapse, and if they lower rates, the dollar will collapse." Meeting yesterday, the Federal Reserve Open Market Committee voted, as Chapman had predicted, to hold the overnight lending rates between banks steady at 5.25 percent. This was the fourth straight meeting the Fed had voted not to change rates. In its rate announcement, the Fed affirmed the economy had slowed. Almost immediately after the announcement of the Fed's decision, the dollar weakened to a new 20-month low against the euro, with currency markets reportedly pricing in the expectation the Fed will be forced to lower rates next year to bolster the economy. Following the announcement by the Fed, the U.S. Dollar Index, or USDX, also dropped, with the dollar going below 83. A dollar collapse is imminent, Chapman declared. "Technicians studying the USDX think there is a support level for the dollar at 75, but I don't think so." How low could the dollar go? "If the dollar breaks through 78.33 on the USDX," Chapman answered, "my guess is the dollar will go through a 35-percent correction, which would put it at 55." "The key in how low the dollar goes is the interest rates," Chapman told WND. "In January, the Fed is going to have to make a decision which way to go. If Fed rates go up, the dollar will hold in the 78.33 range, but the stock market and the economy will tank. If next year the Fed lowers rates to keep the economy from crashing, the bottom will fall out of the dollar, and I see it going as low as 55. Once the dollar hits bottom, it will take the stock market and the economy right with it anyway. The Fed is in a box they can't get out of." 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."
Poster Comment: "Creating the amero," Chapman explained, "will be presented to the American Boonie Rat MACV SOCOM, PhuBai/Hue '65-'66
public Sheeple as the administration's solution for dollar recovery.
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#1. To: boonie rat (#0)
As Doc Holliday observed on his death-bed, "It was fun." Cheers, T.
The idea to form the North American Union as a super-NAFTA knitting together Canada, the United States and Mexico into a super-regional political and economic entity was a key agreement resulting from the March 2005 meeting held at Baylor University in Waco, Tex., between President Bush, President Fox and Prime Minister Martin. We will establish a common approach to security to protect North America from external threats, prevent and respond to threats within North America, and further streamline the secure and efficient movement of legitimate, low-risk traffic across our borders. A working agenda was established: We will establish working parties led by our ministers and secretaries that will consult with stakeholders in our respective countries. These working parties will respond to the priorities of our people and our businesses, and will set specific, measurable, and achievable goals. The U.S. Department of Commerce has produced a SPP website, which documents how the U.S. has implemented the SPP directive into an extensive working agenda. NAFTA has failed to create a partnership because North American governments have not changed the way they deal with one another. Dual bilateralism, driven by U.S. power, continue to govern and irritate. Adding a third party to bilateral disputes vastly increases the chance that rules, not power, will resolve problems. Pastor was a vice chairman of the CFR task force that produced the report “Building a North American Union.”
"The illegal we do immediately. The unconstitutional takes a little longer." After reading this it makes me want to go out and start the neck tie parties and keep going until we get them all.
"It is the old practice of despots to use a part of the people to keep the rest in order; and those who have once got an ascendency and possessed themselves of all the resources of the nation, their revenues and offices, have immense means for retaining their advantages." Thomas Jefferson to John Taylor, 1798
100 years ago, they would be hung. Today, various forms of treason come so fast and frequently, I can't even keep up with the reading material. I'm resigned to the fact that when they break my balls sufficiently, I'll react in a yet to be determined way :)
Time to go for the gold, the silver and the rope.
It's about time we quit using that term sheeple. Even a sheep will try to kick you to death when you start sheering it.
do you have any suggestions for others?
Actually I really can't think of any involving animals at least because all animals will defend themselves when being stolen from or attacked. The so called "sheeple" population are actually more like PLANTS, just sit there and do nothing no matter what.
Lemmings are a more appropriate analogy to what Americans are about.
a village is missing its idiot.
#2. To: boonie rat, all (#0)
A joint statement published by the three presidents following their Baylor University summit announced the formation of an initial entity called, “The Security and Prosperity Partnership of North America” (SPP). The joint statement termed the SPP a “trilateral partnership” that was aimed at producing a North American security plan as well as providing free market movement of people, capital, and trade across the borders between the three NAFTA partners:
Following the March 2005 meeting in Waco, Tex., the Council on Foreign Relations (CFR) published in May 2005 a task force report titled “Building a North American Community.” We have already documented that this CFR task force report calls for a plan to create by 2010 a redefinition of boundaries such that the primary immigration control will be around the three countries of the North American Union, not between the three countries. We have argued that a likely reason President Bush has not secured our border with Mexico is that the administration is pushing for the establishment of the North American Union.
The North American Union is envisioned to create a super-regional political authority that could override the sovereignty of the United States on immigration policy and trade issues. In his June 2005 t estimony to the U.S. Senate Foreign Relations Committee, Robert Pastor, the Director of the Center for North American Studies at American University, stated clearly the view that the North American Union would need a super- regional governance board to make sure the United States does not dominate the proposed North American Union once it is formed:
This trilateral approach should be institutionalized in a new North American Advisory Council. Unlike the sprawling and intrusive European Commission, the Commission or Council should be lean, independent, and advisory, composed of 15 distinguished individuals, 5 from each nation. Its principal purpose should be to prepare a North American agenda for leaders to consider at biannual summits and to monitor the implementation of the resulting agreements.
Pastor also proposed the creation of a Permanent Tribunal on Trade and Investment with the view that “a permanent court would permit the accumulation of precedent and lay the groundwork for North American business law.” The intent is for this North American Union Tribunal would have supremacy over the U.S. Supreme Court on issues affecting the North American Union, to prevent U.S. power from “irritating” and retarding the progress of uniting Canada, Mexico, and the U.S. into a new 21st century super-regional governing body.
Robert Pastor also advises the creation of a North American Parliamentary Group to make sure the U.S. Congress does not impede progress in the envisioned North American Union. He has also called for the creation of a North American Customs and Immigration Service which would have authority over U.S. Immigration and Customs Enforcement (ICE) within the Department of Homeland Security.
Pastor’s 2001 book “Toward a North American Community” called for the creation of a North American Union that would perfect the defects Pastor believes limit the progress of the European Union. Much of Pastor’s thinking appears aimed at limiting the power and sovereignty of the United States as we enter this new super-regional entity. Pastor has also called for the creation of a new currency which he has coined the “Amero,” a currency that is proposed to replace the U.S. dollar, the Canadian dollar, and the Mexican peso.
If President Bush had run openly in 2004 on the proposition that a prime objective of his second term was to form the North American Union and to supplant the dollar with the “Amero,” we doubt very much that President Bush would have carried Ohio, let alone half of the Red State majority he needed to win re- election. Pursuing any plan that would legalize the conservatively estimated 12 million illegal aliens now in the United States could well spell election disaster for the Republican Party in 2006, especially for the House of Representative where every seat is up for grabs.
#3. To: *Destroying the Middle Class*, *The Border* (#0)
---Henry Kissinger, New York Times, October 28, 1973
#4. To: Jethro Tull (#2)
#5. To: BTP Holdings (#4)
#6. To: boonie rat (#0)
#7. To: boonie rat (#0)
#8. To: Coral Snake (#7)
It's about time we quit using that term sheeple.
#9. To: christine (#8)
#10. To: Coral Snake (#9)
 | This country's priorities are all fucked up. |
#11. To: boonie rat (#0)
If the dollar collapsed - then we could easily recover by just going back to sound fundamental systems - such as get rid of the federal reserve and repudiate all debt to it both private & public. and let the US government create all new dollars. People say we can't trust the government to create new money, but look what's happened when the federal reserve created all new money - the dollar's been destroyed. If government created the money, then we wouldn't have to pay interest on the money creation - and this would save 8-10% of gdp annually. and this would also reduce taxes dramatically. So if the dollar collapsed and we merely responded as I said, then we'd have prosperity ahead of us - because the US would become an excellent place to produce and we could build a future. But the problem is that when the dollar collapses they'll give us political solutions which mean a new world order instead of what I said.
Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high [places].
#12. To: Red Jones (#11)
solutions which further empower the elites, which further enslaves we the people, and a total dissolution of american sovereignty.
But the problem is that when the dollar collapses they'll give us political solutions
#13. To: christine (#12)
exactly
Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high [places].
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