Analysts: Dollar Collapse Would Result in ‘Amero’
December 14th, 2006HA! It’s not dinero, it’s amero! For years, this amero concept has seemed like a joke, but if you’re still holding U.S. dollars (or dollar denominated financial instruments), you won’t be laughing.
Via: WorldNetDaily:
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.”
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.
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.”
Here is something you and yours will dig. It is on the housing bubble…yadda, yadda, ya
But on top of that it is pretty good analysis from a nontraditional economist.
The following link is an mp3 file so you need to click on it and save it, or wait a long time for it to upload. It is a 1hr long speech but very insightful and right down this alley.
http://www.michael-hudson.com/audio/061208HudsonRealEstates.mp3
Wouldn’t surprise me, but I’ve seen sooooo many “articles” from World Nut Daily fall flat that I’m more likely to believe Capitol Hill Blue’s make-it-up Thompson.
On the other hand, it appears NORTHCOM is expanding its North American military operations to further scrutinize and control US citizen populations:
http://www.bohemian.com/bohemian/12.06.06/byrne-0649.html
Hat tip to the Attitude Adjustor blog for that find:
http://lipmagazine.org/ccarlsson/archives/2006/12/outta_sight.html
[…] Friday, December 22 2006 @ 04:55 EST Contributed by: TimBuck2 Views: 0 …and other interesting tit-bits: Global Research: Canadian, U.S., and Mexican elites, including CEOs and politicians, have a plan to create common North American policies and further integrate our economies. This plan goes by various names and euphemisms, such as “deep integration”, “NAFTA-plus”, “harmonization”, the “Big Idea”, the “Grand Bargain”, and the “North American Security and Prosperity Initiative”. Regardless of which name your prefer, the end goal of all of these plans is to create a new political and economic entity that would supercede the existing countries. Advocates refer to it as a “North American Community”, but it is also known as the North American Union (NAU). Theoretically, it would be similar to and competetive [sic] with the European Union (EU). The individual currencies of each country would be replaced by a common currency called the”Amero” and everything from environmental regulations to security would be brought in line with a common standard. Cryptogon: 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. Global Research again: Mel Hurtig, the founder of the Council of Canadians, and also a variety of other reliable sources including veteran CNN anchor Lou Dobbs, now reveal that senior elected representatives and advisors to the Conservative Party, are currently planning a scheme that would hand over Canada to the Bush regime by 2007. The official name for this scheme, is called “North American Union”. Mel Hurtig, a noted Canadian author and publisher who was the elected leader of the National Party of Canada, provided researchers with the agenda and attendee list of the so-called “North American Forum” at the Fairmont Banff Springs Hotel in Banff, Alberta, Sept. 12-14, 2006. Mr. Hurtig said the “secret meeting was designed to undermine the democratic process.” In addition, the reported Agenda undermines the Statutory [sic] position of Her Majesty the Queen of Canada, as the constitutional expression of a Canada independent from the U.S. “What is sinister about this meeting is that it involved high level government officials and some of the top and most powerful business leaders of the three countries and the North American Forum in organizing the meeting intentionally did not inform the press in any of the three countries,” he said. “It was clear that the intention was to keep this important meeting about integrating the three countries out of the public eye,” Mr. Hurtig further indicates. The motive for U.S. participation, according to Mr. Hurtig, was “to gain access and control Canada’s extensive natural resources, including oil and water.” Wikipedia has a few interesting notes and links. […]