Thread: US Sends $800 Billion In New Amero Currency To China

US Sends $800 Billion In New Amero Currency To China

Oct. 1, 2008

A chilling report circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bank that the US has shipped $800 Billion of a new currency called the Amero, which is to be based upon the merging of the economies of The United States, Mexico and Canada into what is termed as The North American Union.

The current American debt obligation to China, currently based on the US Dollar, is now estimated to be the staggering sum of $2.5 Trillion, and which this new Amero will be exchanged for $400 Billion of this debt as the current American currency is set to be devalued by 50 percent before the end of the year.

Virtually unknown to the American people is that their current leader of the US Department of Treasury, Henry M. Paulson, Jr., has been tasked by President Bush to lead the efforts to join the economies of the US, Canada and Mexico and is also the head of the North American Development Bank, the bi-national financial institution established by the United States and Mexico to further the merging of their economies, and the leader of the Border Environment Cooperation Commission (BECC), the organization created by the governments of the United States and Mexico to further the implementation of the North American Free Trade Agreement (NAFTA).

This is important to note as the final provisions of the NAFTA Agreement were implemented on January 1, 2008, leaving only the final merging of the economies of the US, Mexico and Canada into a North American Union to be accomplished, of which we can read:

“President Bush is pursuing a globalist agenda to create a North American Union, effectively erasing our borders with both Mexico and Canada. This was the hidden agenda behind the Bush administration's true open borders policy.

Secretly, the Bush administration is pursuing a policy to expand NAFTA politically, setting the stage for a North American Union designed to encompass the U.S., Canada, and Mexico. What the Bush administration truly wants is the free, unimpeded movement of people across open borders with Mexico and Canada.

President Bush intends to abrogate U.S. sovereignty to the North American Union, a new economic and political entity which the President is quietly forming, much as the European Union has formed.â€

Oh c'mon! Seriously? They have really come up with the "Amero" without anyone knowing about it until now? Either this is the biggest cover up in American History or this is total BS. As big of a conspiracy theorist as I am, I don't think this is true.

is this truly the first time you have heard of the Amero... where have you been ... this has been in the news for over 2 years now

How about NAU? New World Order? Amero? Criminal - Treason - Traitors!

This just keeps getting better and better

I've read quite a few of AirborneSapper7's posts and respect them greatly. But this one has all the signs of a completely wackedout, nutjob, urban legend. The buzz outside ALIPAC is growing and you can expect to hear more on this one. I've seen no official refutations yet.

Analysts: Dollar collapse would result in 'amero'

Think deep recession likely regardless of Fed's actions

Posted: December 13, 2006
1:00 am Eastern

By Jerome R. Corsi
© 2008 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, 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."

Related offers:

'THE FEDERAL RESERVE: FRAUD OF THE CENTURY'

A 2nd look at the Federal Reserve – the most blatant scam of all history

The master plan to rule the world exposed

Shocking, connect-the-dots expos? of globalist plot

Previous stories:

U.S. dollar facing imminent collapse?

London stock trader urges move to 'amero'

'Bush doesn't think America should be an actual place'

Mexico ambassador: We need N. American Union in 8 years

Congressman: Superhighway about North American Union

'North American Union' major '08 issue?

Resolution seeks to head off union with Mexico, Canada

Documents reveal 'shadow government'

Tancredo: Halt 'Security and Prosperity Partnership'

North American Union threat gets attention of congressmen

Top U.S. official chaired N. American confab panel

N. American students trained for 'merger'

North American confab 'undermines' democracy

Attendance list North American forum

North American Forum agenda

North American merger topic of secret confab

Feds finally release info on 'superstate'

Senator ditches bill tied to 'superstate'

Congressman presses on 'superstate' plan

Feds stonewalling on 'super state' plan?

Cornyn wants U.S. taxpayers to fund Mexican development

No EU in U.S.

Trans-Texas Corridor paved with campaign contributions?

U.S.-Mexico merger opposition intensifies

More evidence of Mexican trucks coming to U.S.

Docs reveal plan for Mexican trucks in U.S.

Kansas City customs port considered Mexican soil?

Tancredo confronts 'superstate' effort

Bush sneaking North American superstate without oversight?

http://www.worldnetdaily.com/news/artic ... E_ID=53350

many links posted on this page; please go to the link above to view them

From another site>>>>

Henry Paulson is on the Board of Trustees of the NADB
That is the North American Development Bank.
It is a multi national bank that we co-own with Mexico
Here is the link!


He is also on the Board of Directors of the BECC
This stands for the Border Environmental Cooperation Commission. This is the sister organization to the NADB.

These two agencies work to build infrastructure on the USA/Mexico border!

They work with Fannie May and Freddie Mac
these organizations are wasting millions upon millions of dollars on the border!!!


[link to www.newswithviews.com]

All of the links to this information is in this article!




Paulson is about to be given 700 billion dollars with no oversight and no court repercussions.

He could do anything he wants with that money including further fund or bail out the NADB.

At least, this is what I fear. This is very complicated but I know this just stinks.....

PLEASE spread the word.
This just does NOT pass the smell test!

THANKS!

[link to www.nadb.org]

NADB LINK


[link to www.cocef.org]

BECC LINK


[link to www.cocef.org]

NADB/BECC projects link

What difference does it make what you replace it with? Why would the replacement have any more worth than the present currency. The dollar constantly goes up and down. On the down side, exports shoot up dramaticallly, which is good news. I've never seen any verification or back up sources that such a plan is even in existence.

The article is dated Dec 2006..