News and Politics | December 02, 2008 | 33 comments

Amero to become USA’s new currency when dollar collapses.

source: http://english.pravda.ru/world/americas/02-12-2008/106779-amero-0

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masliko
Pictures of the new currency that will supposedly replace the US dollar have appeared on the Russian Internet. The United States is reportedly working on the new currency, the amero, which will be common for the USA, Mexico and Canada. The unstable financial situation in the world, the collapsing oil prices and the growing foreign debt of the United States may eventually crush the US dollar as the world’s major currency. Needless to say that the US authorities reject the rumors and promise to keep the dollar afloat.

Amero notes have no portraits of US presidents on them and resemble the Belarussian rubles. For example, there is an image of a deer depicted on a 50-amero note, whereas a picture of a pyramid of Mexican Indians can be seen on a 100-amero note.

The amero follows the model of the European Union and its euro. It brings up the idea that the new currency can be adopted by the USA, Canada and Mexico within the scope of the North American Union, which the Bush administration established in 2005 under the Security and Prosperity Partnership of North America (SPP).

On April 6, 2005, the US Treasury announced the formation of the Financial Services Working Group to assist in the SPP’s ‘prosperity’ plans. According to its own press release, the US Treasury’s Financial Services Working Group said it “will play a critical role in the SPP.”

Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a "North American Union (NAU)" No current members of any country's government have officially stated a desire to create such a body, nor introduce a common currency.

The idea for a North American currency union was first proposed in 1999 by Canadian economist Herbert G. Grubel. A senior fellow of the conservative Fraser Institute think-tank, he published a book titled The Case for the Amero in September 1999, the year that the euro became a virtual currency. Another Canadian think-tank, the C.D. Howe Institute, advocates the creation of a shared currency between Canada and the United States .

After the report came out, center-left nationalist groups in Canada expressed their opposition to any currency union because they view it as an attempt by American businesses to gain access to Canada 's extensive natural resources while dismantling the nation's social services. The 100,000 member strong Council of Canadians, a progressive advocacy group, has declared one of its central issues to be the threat of "deep integration".

Dr. Robert Pastor, in a 2001 book, suggested a common currency should be a foundation of "macro economic cooperation" among the three NAFTA countries. However, the 2005 Independent Task Force on North America, which he chaired, did not recommend a common currency, nor does Pastor in the section for additional and dissenting views suggest a common currency should be a goal.
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    News and Politics,   Greatest Depression
  2. tags:
    News and Politics,  New World Order,  NAFTA,  US Dollar,  1 more
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33 comments // Amero to become USA’s new currency when dollar collapses.

  • Herbal_Minded
  • carmalite
    • 0
      carmalite  

    • Oh gee, we can be the big stinking bananna republic that the unfair traders have always wanted. The future is looking poverty stricken for the next generation.

    • 3 years ago
  • SHAWN_RITTIMAN
  • SHAWN_RITTIMAN
  • eden49
  • SHAWN_RITTIMAN
    • 0
      SHAWN_RITTIMAN  
    • SHAWN_RITTIMAN:

      Don't worry...I have others do my bidding...its an alpha male Aries thing, bday next Friday to be exact. They would catch me for food stamp fraud or sharing my medical pot way before I would be connected to any of that. New printer technology is amazing. On an interesting note, locally in Oregon someone is running with 1, 5 and ten$ bills they printed lately. I would think the small bills wouldn't be worth the effort although they are less likely to be looked at closely. There are way better ways to beat the system....or so I am told.

    • 3 years ago
  • eden49
  • simplecj
    • 0
      simplecj  

    • What I want to know... is IF we were to adopt a new currency like this, how would it affect our national debt? What about the national economy?

      I know there are many downsides to a NAU currency, but could there also be many upsides?

    • 3 years ago
  • davzap
    • 0
      davzap  

    • Did you think that they were going to ask for your opinion first? Are you friends with people like the Duponts or Rockefellers?

    • 3 years ago
  • eden49
  • SHAWN_RITTIMAN
  • SHAWN_RITTIMAN
  • pjacobs51
  • krush_productions
  • SHAWN_RITTIMAN
  • trut
  • honusurf
  • 1percent
  • motokoinversailles
    • 0
      motokoinversailles  

    • yah right...russians know this before we do? WTF this is not true if it is im upset for not hearing about it by our goverment....they already took the time to design it?

    • 3 years ago
  • honusurf
  • masliko
  • escarondito
    • 0
      escarondito  
    • masliko:

      more than likely its a hoax....hmm im sorry but i gotta disagree with you... i could say it was a hoax before when conspirators said the enemy of terrorism is gonna be used by the US to wage mass wars..i could say it was a Hoax when i was told that the middle eastern terrorists are the same as those funded by the US...i couldve said it was a hoax when they said that by september 2008 the financial system will be on the brink of collapse and massive bailouts will cause hyperinflation... and i wish i could say it will be a hoac that by the summer there will be a food crisis in this country..but i cant say its a hoax because this military-industrial complex, this NWO, our government is following along the ideas of NWO conspiracy theorists at the very least, and at their worst they wish to kill off many people in the world to control it all

    • 3 years ago
  • escarondito
  • oneofthree
  • DreSandoval
    • 0
      DreSandoval  

    • "The amero follows the model of the European Union and its euro. It brings up the idea that the new currency can be adopted by the USA, Canada and Mexico within the scope of the North American Union, which the Bush administration established in 2005 under the Security and Prosperity Partnership of North America (SPP). "

      Finally all you people who didnt believe me or just dissmissed this idea as a conspiracy theroy...Do some research...With thousands of Americans losing thier jobs and homes while these corparations and banks get bailed out and the stock markert is crashing, only then when the dollar dissapears will be forced to accpet this new currency or there will be martail law...

    • 3 years ago
  • steadmani
    • 0
      steadmani  

    • Also, if anyone is interested in some truly reliable currency, the Free Lakota Bank is currently minting its own gold- and silver- backed currency.

      http://freelakotabank.com/

      Whether it goes the way of the Liberty Dollar Project remains to be seen, but it being based on a reservation gives it legal loopholes to exploit.

    • 3 years ago
  • steadmani
    • 0
      steadmani  

    • I'm well aware that the NAU proposal is real, but it is just that, a proposal - it's not being taken seriously in any of the three countries, it's not being discussed for legislative enaction, it's not being considered beyond a free-trade agreement. The only parallels with the EU are with the ECC. The idea that there would be political unifications as have happened in Europe has no real justification.

      I don't think Congresswoman Marcy Kaptur is a crackpot, or an actress. She's a protectionist, and as such sees free trade as wrong. I have to disagree, but then I consider national borders being economically and physically strengthened as being detrimental to the progression of all humanity.

    • 3 years ago
  • iameam
    • 0
      iameam  

    • The bill maybe fake... but the proposal of a North American Union is not. There's more and more mention of it in the media. The "Amero" may not be hog wash...

      Although Congresswoman Marcy Kaptur could just be an actress, or a crackpot. I don't know... but also check out her interview with Lou Dobbs.

    • 3 years ago
  • steadmani
  • motokoinversailles
  • asherp
  • Ihatethemall
    • 0
      Ihatethemall  

    • Those of us that are informed have know about the SPP for years. It is another step toward the new world order and a one world government. The zionists bankers are the rulers of it all. When will we revolt against the powers that be?

    • 3 years ago
  • Alanisnotcool
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