Amero - Coming to a Store Near You

Upon President George W. Bush's signing into law of CAFTA or the Central American Free Trade Agreement, The Real Effect posted the following on Friday, August 05, 2005 -

"Look for an increasing...economic slide of the economy in the 2nd half of 2005 that causes the dollar to slide even further against the Euro setting the stage for a Union currency proposed to be called the Amero."

For your consideration, I present the following evidence. From author Jerome R. Corsi -

"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, 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.

"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."
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 Real Effect
Just as predicted, the Amero creeps onto the scene as the solution to the "problem" of the plunging dollar. But just as the creation of the so-called Federal Reserve did nothing to address the real issues behind unstable currency back in 1913, neither will an Amero solve our current dilemma. The issue is not the form that the currency takes, rather it is who controls the currency. Ladies and Gentlemen, we could trade ducks and as long as the Fed is pulling the strings, nothing would change.

I believe I stated this earlier, but look for the American Union, namely the FTAA to re-emerge as a necessary solution to all of our supposed economic woes. It is likely that the Democratic Congress just might pass it.

Edited for appearance, spelling and labels on 5/11/2010.