Thread: London stock trader: MOVE TO AMERO REPLACE DOLLAR

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THE NEW WORLD DISORDER
London stock trader urges move to 'amero'
Says many unaware of plan to replace dollar with N. American currency

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Posted: November 28, 2006
1:00 a.m. Eastern


By Jerome R. Corsi
© 2006 WorldNetDaily.com




In an interview with CNBC, a vice president for a prominent London investment firm yesterday urged a move away from the dollar to the "amero," a coming North American currency, he said, that "will have a big impact on everybody's life, in Canada, the U.S. and Mexico."


Steve Previs, a vice president at Jefferies International Ltd., explained the Amero "is the proposed new currency for the North American Community which is being developed right now between Canada, the U.S. and Mexico."

The aim, he said, according to a transcript provided by CNBC to WND, is to make a "borderless community, much like the European Union, with the U.S. dollar, the Canadian dollar and the Mexican peso being replaced by the amero."

Previs told the television audience many Canadians are "upset" about the amero. Most Americans outside of Texas largely are unaware of the amero or the plans to integrate North America, Previs observed, claiming many are just "putting their head in the sand" over the plans.


CNBC asked Previs whether he thought NAFTA was "working and doing enough."

He replied: "Until it created a lot of illegal immigrants coming across the border. I don't know. You get the pros and cons on NAFTA. For some people it is a good thing, and for other people it has been a disaster."

The speculation on the future of a new North American currency came amid a major U.S. dollar sell-off worldwide that began last week.


Yesterday, the dollar also reached new multi-month low against the euro, breaking through the $1.30 per euro technical high that had held since April 2005.

At the same time, the Chinese central bank set the yuan at 7.0402 per dollar, the highest level since Beijing established a new currency exchange system in 2005 that severed China's previous policy of tying the value of the yuan to the U.S. dollar.

Many analysts worldwide attributed the dramatic fall in the value of the U.S. dollar at least partially to China's announcement last week that it would seek to diversify its foreign exchange currency holdings away from the U.S. dollar. China recently has crossed the threshold of holding $1 trillion in U.S. dollar foreign-exchange reserves, surpassing Japan as the largest holder in the world.


Barry Ritholtz, chief market strategist for Ritholtz Research & Analytics in New York City, in a phone interview with WND, characterized today's downward move of the dollar as "wackage," a new word he coined to convey that the dollar is being "whacked" in this current market movement.

Ritholtz told WND that yesterday's downward move "was a major market correction that points to the risk of subsequent downside to the dollar."

Asked whether he would characterize the dollar's downside move as signaling a possible collapse, Mr Ritholtz told WND, "Not yet."

Ritholtz pointed out market professionals had long looked at a dollar collapse as a "low probability event," but the recent fall suggests "the probabilities have increased of a major dollar correction, or even of a collapse."

U.S. trade imbalances with China have hit a record $228 billion this year, largely reflecting a surging flow of containers from China with retail goods headed for the U.S. mass market.

Secretary of Commerce Carlos Gutierrez is in Bejing leading a trade delegation of more than two dozen U.S. business executives.

"The future should be focused on exporting to China," Guiterrez told reporters in Bejing, noting that this year, U.S. exports to China are up 34 percent on a year-to-year basis, surpassing last year's gain of 20 percent.

One way to improve the U.S. trade imbalance may be to ease up on restrictions of exporting high-tech products and allowing technology transfers to China, a move likely to be politically charged in the U.S. Oh that's great, give them more tech to bury us with!

The decline in value of the dollar will also make U.S. exports more attractive and Chinese exports to the U.S. more expensive.

In February 2007, a virtually unprecedented top-level U.S. economic mission is scheduled to travel to China. Included in the mission are Treasury Secretary Henry Paulson, Jr., Secretary of Commerce Carlos Gutierrez and Federal Reserve Chairman Ben Bernanke.

Previs declined to be interviewed for this article, telling WND in an e-mail he did not want to be quoted directly in any article that may express a political point of view.
http://www.worldnetdaily.com/news/artic ... E_ID=53124

Globalization is upon us.

Let us pray that Globalist forces will fail, and the United States of America will survive this assault on freedom.

This is not good.

Geese check this out! They were talking about the Amero in 1999! How long has this deceipt been going on!

http://oldfraser.lexi.net/publications/ ... /amero.pdf

Originally Posted by ohflyingone

Geese check this out! They were talking about the Amero in 1999! How long has this deceipt been going on!

http://oldfraser.lexi.net/publications/ ... /amero.pdf

What?!

I suspected that the New World Order people had been planning Globalization for a long time, but the Amero is 1999? This is worse than I thought...

EDIT: ohflyingone, your signature is great. Halarious.

The Amero has been talked about for some time. The globalists are hard at work. The dollar dropped today. This is all part of the SPP and the NAU. The Amero will not be backed by gold or silver and the next currency will be the Phoenix from what I remember.

So, driving this country into the ground with debt, ignoring the enormous trade imbalance with China and other countries, and spending like a banshee in Iraq has all been part of Bush's plan to push us off the financial cliff so we will have to accept a new currency? This plot was discussed in a story posted here about a month ago.

Didn't Lou Dobbs say that the NAU would be in place in the next five years(?) Relatives in Europe said they hate the European Union, and the new money was giving people cancer because it had too much nickel in it.
Talk about things you wouldn't think about until it happens...

Originally Posted by Kate

So, driving this country into the ground with debt, ignoring the enormous trade imbalance with China and other countries, and spending like a banshee in Iraq has all been part of Bush's plan to push us off the financial cliff so we will have to accept a new currency? This plot was discussed in a story posted here about a month ago.

Yep and they call it a conspiracy theory.