Debut of the 'amero'
The People's Republic of China, long lauded by America's enemies as the world's next economic power, will be the country that will force the creation of the `North American Union' (NAU).
Kofi Annan's former pointman, Canadian Maurice Strong, has been boasting from Chinese soil that China soon would be replacing America as economic king, using the jingo that's the official language at Turtle Bay.
The billions of dollars China has invested in the flagging American economy will be worthless. They will have to negotiate the exchange rate to the new amero. This will then force the creation of the North American Union.
The cloak of the NAU, fashioned in secrecy, will be thrown over an unsuspecting public, erasing the borders of three countries. Mexico, which already has legions of its citizens living and working inside America, is, in effect already inside the NAU. Their governments will inform the American and Canadian people that there is no option but the bread line.
Unfortunately, the plan, which has been in place for some time, now, has been all but ignored by the mainstream media.
One of the signs that the NAU is on its way is the collapse of the American greenback dollar paving the way for the debut of the 'amero'.
"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," (WorldNetDaily, Dec. 13, 2006).
The euro followed the same blueprint of stealth and surprise. It was already issued as replacement currency before the masses could coalesce to fight it.
Who ever would have dreamed that the euro of a secular bureaucracy one day would be accepted for use at the Vatican? Pope John Paul II, who repeatedly condemned the "moral drift" of secular Brussels, sanctioned an official Euro for the Vatican.
In appearance, the Vatican coin looks very much like other Euro coins. But on the flip side of the coin, the image of Pope John Paul II faces left.
"By permitting his image on this new coin, John Paul II has given another symbolic and powerful stimulus to the European Union, which with the issuance of the Euro, is taking an important step towards the Universal Republic," said Atila Sinke Guimarnes in Daily Catholic.
Was it all that long ago when people said the formation of the European Union was impossible? Today, the EU European holds 27 nations under its authority with other countries lined up for membership.
In the US, experts are now predicting that the collapse of the dollar is imminent.
"People in the U.S. are going to be hit hard," says Bob Chapman publisher of The International Forecaster newsletter. "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."
While the amero is being groomed to enter stage left, another phenomenon has been gathering steam outside of media headlines.
The North American Union, which got its start in secrecy, has been pulled out of the closet by a grass-roots effort, that will force it onto the agenda when Nancy Pelosi and Company open the 100th congress next month.
Pressed on by Conservative Caucus Chairman Howard Phillips; WND columnist and author Jerome Corsi; activist and American icon Phyllis Schlafly, leaders of the 50-member strong coalition are poised to halt any effort by the U.S. to enter into a North American Union with Mexico and Canada.
Members of Schlafly's Eagle Forum have been in training for the past two months to lobby on Capitol Hill when Congress convenes.
The resolution--sponsored by Republican Reps. Virgil Goode Jr. of Virginia, Tom Tancredo of Colorado, Walter Jones of North Carolina, and Ron Paul of Texas--expresses "the sense of Congress that the United States should not engage in the construction of a North American Free Trade Agreement (NAFTA) Superhighway System or enter into a North American Union (NAU) with Mexico or Canada."
It's no idle boast when Phillips says, "this could be the most important project on which we've ever worked."
Armed with the Internet release of about 1,000 documents, obtained in a Freedom of Information Act request to the Security ad Prosperity Partnership of North America, the coalition has the potential to embarrass the governments of all three countries.
According to Corsi, "the documents show the White House is engaging in collaborative relations with Mexico and Canada--outside the U.S. Constitution.
Very little about the NAU has been covered by the Canadian media.
The stage has been carefully set and only intervention will stop North America from taking the same stealth route that Europe took in creating the European Union and its legal tender the Euro.
piektdiena, 2009, 20 marts
Amero Could Result from Crisis
The New World Order Is Upon Us’
I don’t know about you, but when I see the phrase, “New World Order” bandied about on the mainstream sites like it’s a new flavor of TicTac, I have to wonder if people know what this actually means.
The New World Order used to be something that people like me would read about in books that were never in stock in the local book store. We had to special order them. (Unless you happened to live near a book store that focused on unusual stuff.) The New World Order was talked about on radio shows that broadcast in the dead of night, after the alien guy went off the air. The New World Order was the butt of jokes: “Are you a conspiracy theorist who believes in the New World Order? HAHAHA. And Black helicopters? HAHAHA.” etc.
When I went to college, and majored in International Relations, I wasn’t expecting to hear much about this stuff. On the contrary, I encountered heaps of what ignorant people refer to as conspiracy theory as part of my coursework. Is it conspiracy theory if you have to write papers and take exams on things like the World Order Models Project, the Club of Rome, global federalism, multilateralism, economic interdependence, system transformation, the United Nations and its failed predecessor, the League of Nations?
Many of the professors were members of the Council on Foreign Relations. Go to see a guest speaker and it was Such-and-Another from the Royal Institute of International Affairs. The next week’s speaker, General Bob, was Assistant Deputy Director of Death and Mayhem at the Legion of Doom before becoming an adviser to the Trilateral Commission. Oh, and Kevin, by the way, can you help out at the World Economic Forum next month? The elite don’t hire people to do work there, they just ask students to do it for free. There might be some free food in it for ya’, so what do you think? It’ll look great on your CV.
Sorry, I have to joke about it now because the whole thing was incalculably dumb and such an incredible waste of time and money… Near The End (graduation), I thought, “Maybe I’ll try to get a job stamping shit in passports.” (That means working for the U.S. Foreign Service.) I went to register for the exam and the only thought in my head was, “Oh eff this.” How was I going to be able to bend my conscience enough to maintain appearances in that show if I damn near broke my liver getting the degree???
So, I saw both sides of it. I was one of the greasy “conspiracy theorist” slobs who read comic books and William Cooper. Then, I took a couple of steps down the path to a career in Elite Enabling by getting that silly degree. But looking back on my brush with the New World Order, the thing that sticks out is just how blah and bland it was at that level.
Indeed, you can be looking right at a factory for globalist zombies and not even know it. Look no further than your closest large university with an International Relations program. What you’ll see there are a bunch of people wearing sensible shoes and reading the New York Times and Foreign Affairs. Many of them will drive Volvos and have subscriptions to National Public Radio. There will be an occasional person in a military uniform. The scene will not look too weird at all. But spend a few years in that environment and then tell me that there’s no such thing as a New World Order.
Actually, never mind, tell it to MarketWatch (Part of the Wall Street Journal Digital Network).
Via: MarketWatch:
Thomas Jefferson once said: “When you reach the end of your rope, tie a knot in it and hang on.” As the global financial system pushes on a string, investors are desperately trying to hold tight.
The New World Order is upon us, full of hope, promise and a fair amount of fear. In our recent discussion regarding the direction of our country, we noted the risks of catering to conventional wisdom and the implications for the U.S. dollar.
The Minyanville mantra is to provide financial news you need to know before you know you need it. That’s a fine line to walk, as foresight often flies in the face of mainstream acceptance.
In 2006, it seemed counterintuitive to forecast a “prolonged socioeconomic malaise entirely more depressing than a recession.”
For years, the notion of an “invisible hand” was conspiracy theory until we learned that the Working Group on Financial Markets was a central policy tool. And now, as we gaze across our historically significant horizon, we must open our minds to thoughts and ideas that may seem foreign to folks conditioned by the past and stunned by the present.
Currency crossroads
As governments take on more risk — as they price assets on behalf of the market and transfer debt from private to public — the common denominator, or release valve, becomes the currency.
If our economic condition is allowed to take medicine in the form of debt destruction, the greenback will appreciate, and asset classes as a whole will deflate. If we continue to inject drugs that mask symptoms rather than address the disease, the likelihood of a seismic readjustment increases in kind.
The deflationary forces in the marketplace are pervasive, and the “other side” of our current equation, hyperinflation, may be years away. Given the magnitude, breadth and pace of the global financial epidemic, however, we must explore each side of the twisted ride.
Years ago, the Federal Reserve wrote a “solution paper” regarding the need to combat zero-bound interest rates. The concern was the flight of capital from the U.S. and an option discussed was a two-tiered currency, one for U.S citizens and one for foreigners.
Canadian economist Herbert Grubel first introduced a potential manifestation of this concept in 1999. The North American Currency — called the “Amero” in select circles — would effectively comingle the Canadian dollar, U.S. dollar and Mexican peso.
I don’t know about you, but when I see the phrase, “New World Order” bandied about on the mainstream sites like it’s a new flavor of TicTac, I have to wonder if people know what this actually means.
The New World Order used to be something that people like me would read about in books that were never in stock in the local book store. We had to special order them. (Unless you happened to live near a book store that focused on unusual stuff.) The New World Order was talked about on radio shows that broadcast in the dead of night, after the alien guy went off the air. The New World Order was the butt of jokes: “Are you a conspiracy theorist who believes in the New World Order? HAHAHA. And Black helicopters? HAHAHA.” etc.
When I went to college, and majored in International Relations, I wasn’t expecting to hear much about this stuff. On the contrary, I encountered heaps of what ignorant people refer to as conspiracy theory as part of my coursework. Is it conspiracy theory if you have to write papers and take exams on things like the World Order Models Project, the Club of Rome, global federalism, multilateralism, economic interdependence, system transformation, the United Nations and its failed predecessor, the League of Nations?
Many of the professors were members of the Council on Foreign Relations. Go to see a guest speaker and it was Such-and-Another from the Royal Institute of International Affairs. The next week’s speaker, General Bob, was Assistant Deputy Director of Death and Mayhem at the Legion of Doom before becoming an adviser to the Trilateral Commission. Oh, and Kevin, by the way, can you help out at the World Economic Forum next month? The elite don’t hire people to do work there, they just ask students to do it for free. There might be some free food in it for ya’, so what do you think? It’ll look great on your CV.
Sorry, I have to joke about it now because the whole thing was incalculably dumb and such an incredible waste of time and money… Near The End (graduation), I thought, “Maybe I’ll try to get a job stamping shit in passports.” (That means working for the U.S. Foreign Service.) I went to register for the exam and the only thought in my head was, “Oh eff this.” How was I going to be able to bend my conscience enough to maintain appearances in that show if I damn near broke my liver getting the degree???
So, I saw both sides of it. I was one of the greasy “conspiracy theorist” slobs who read comic books and William Cooper. Then, I took a couple of steps down the path to a career in Elite Enabling by getting that silly degree. But looking back on my brush with the New World Order, the thing that sticks out is just how blah and bland it was at that level.
Indeed, you can be looking right at a factory for globalist zombies and not even know it. Look no further than your closest large university with an International Relations program. What you’ll see there are a bunch of people wearing sensible shoes and reading the New York Times and Foreign Affairs. Many of them will drive Volvos and have subscriptions to National Public Radio. There will be an occasional person in a military uniform. The scene will not look too weird at all. But spend a few years in that environment and then tell me that there’s no such thing as a New World Order.
Actually, never mind, tell it to MarketWatch (Part of the Wall Street Journal Digital Network).
Via: MarketWatch:
Thomas Jefferson once said: “When you reach the end of your rope, tie a knot in it and hang on.” As the global financial system pushes on a string, investors are desperately trying to hold tight.
The New World Order is upon us, full of hope, promise and a fair amount of fear. In our recent discussion regarding the direction of our country, we noted the risks of catering to conventional wisdom and the implications for the U.S. dollar.
The Minyanville mantra is to provide financial news you need to know before you know you need it. That’s a fine line to walk, as foresight often flies in the face of mainstream acceptance.
In 2006, it seemed counterintuitive to forecast a “prolonged socioeconomic malaise entirely more depressing than a recession.”
For years, the notion of an “invisible hand” was conspiracy theory until we learned that the Working Group on Financial Markets was a central policy tool. And now, as we gaze across our historically significant horizon, we must open our minds to thoughts and ideas that may seem foreign to folks conditioned by the past and stunned by the present.
Currency crossroads
As governments take on more risk — as they price assets on behalf of the market and transfer debt from private to public — the common denominator, or release valve, becomes the currency.
If our economic condition is allowed to take medicine in the form of debt destruction, the greenback will appreciate, and asset classes as a whole will deflate. If we continue to inject drugs that mask symptoms rather than address the disease, the likelihood of a seismic readjustment increases in kind.
The deflationary forces in the marketplace are pervasive, and the “other side” of our current equation, hyperinflation, may be years away. Given the magnitude, breadth and pace of the global financial epidemic, however, we must explore each side of the twisted ride.
Years ago, the Federal Reserve wrote a “solution paper” regarding the need to combat zero-bound interest rates. The concern was the flight of capital from the U.S. and an option discussed was a two-tiered currency, one for U.S citizens and one for foreigners.
Canadian economist Herbert Grubel first introduced a potential manifestation of this concept in 1999. The North American Currency — called the “Amero” in select circles — would effectively comingle the Canadian dollar, U.S. dollar and Mexican peso.
otrdiena, 2008, 9 decembris
Amero paper currency exposed !
In September, 2007 - over a full year ago - I first broke the story about AMERO coins being minted secretly at the Denver Mint. After that story ran, the Denver Mint announced on its web site that they were closing public tours of the Mint for 10 - 14 days in order to make renovations to the tourist area of the mint.
My sources inside the Mint, however, reported Treasury officials were outraged that someone had leaked info about the AMERO to me and they closed the Denver Mint to the public so as to secretly move the AMEROS out of the Mint to prevent further leaks.In October, 2008, I received word that the U.S. government shipped 800 Billion AMEROS to the China development bank. I did a story on that and obtained an actual AMERO coin from that shipment!
I placed a video of the coin on YouTube, showing the coin and explaining that there is a deliberate effort underway at the highest levels of our government to intentionally exhaust the dollar as a currency. Over 600,000 people worldwide watched that video.Two days ago, YouTube/Google notified me that my video had been deleted and my account permanently closed at the request of the United States Treasury Department.
The Treasury department told YouTube/Google that my video was "destabilizing the U.S. Dollar and was thus a threat to national security."Here we are, just two days later and my sources have once again come through; this time with proof the government is secretly printing new AMERO paper currency.Not only do I have the 50 AMERO note, give look at the 20 and 100 AMERO notes below!
Not a single American citizen has been officially asked if they want a new currency. Not a single member of Congress has voted on authorizing a new currency. Yet a new currency is already being printed and quietly distributed around the world. This is being done without the consent of the American people, without a vote by Congress and has been intentionally covered up by every official who has been questioned about it.
The REASON they are creating a new currency has to do with how they plan to get rid of our national debt. On October 16, 2008, the "Global-Europe Anticipation Bulletin" told its subscribers that the present U.S. Dollar will be demonetized (it won't be "money" anymore) and a new currency imposed. "Old dollars" will be devalued by ninety percent (90%).Think about that for a moment. A 90% devaluation.
That means checking accounts, savings accounts, IRA's 401-K's, Pension plans, Certificates of Deposit. . . . are all worth ninety percent LESS than previously.This AMERO currency will allow the government to literally grab 90% of all our life savings and owe 90% less than they presently do in one fell swoop! They get out of debt and the rest of us are left totally destitute. Broke. Busted. Poor. Helpless.
I believe the people perpetrating this secret currency change are in for personal visits of a violent nature. I think there are folks out here in real America who will not take kindly to having been deliberately lied-to.I believe my fellow Americans might -- just might -- decide it is time to . . . . . "discipline". . . . . the public officials who have undertaken this outrage without our consent.It's a tough thing to have to physically discipline a mis-behaving adult, but I say now, I'm up for doing just that.
There are officials in this country who deserve to get the shit kicked out of them and I really look forward to having the chance to do it. If they think their puny little Federal Reserve Police force can do anything about it, they're sadly mistaken.
PLEASE SPREAD THE WORD ABOUT THIS IMMEDIATELY. If they are already printing paper currency, the destruction of the US dollar cannot be far away. We are ALL in grave danger of losing our life savings to this currency scam.
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svētdiena, 2008, 7 decembris
Amero Currency United States
American company Bankingservicess Inc., which specializes in internatinkingonal banking strategies and currency consulting, is advising its clients that the amero currency could be the defacto United States currency within next 10 years.
The amero would compete against other regional currency blocks,” they said. At present, with the US dollar approaching par, more talk for an amero currency unit will become popular in the United States.”
The amero would compete against other regional currency blocks,” they said. At present, with the US dollar approaching par, more talk for an amero currency unit will become popular in the United States.”
otrdiena, 2008, 2 decembris
Billionaire to Canada: Time for amero is now
Wants euro-style currency to avoid exchange problems
Stephen Jarislowsky, a billionaire money manager and investor the Canadian newspaper Globe and Mail bills as the Canadian Warren Buffet, has told a parliamentary committee Canada and the United States both should abandon their national dollar currencies and move to a regional North American currency as soon as possible.
"I think we have to really seriously start thinking of the model of a continental currency just like Europe," Jarislowsky told the Canadian House of Commons' finance committee, according to the Globe and Mail in Toronto.
Jarislowsky's call for immediate action belied an article published in the Boston Globe on Sunday that said the call for the amero to become the new North American regional currency was "purely theoretical."
In an exclusive telephone interview with WND, Jarislowsky repeated his call for a European Union-style currency to be created between Canada and the United States.
"The idea would be a European Union-type set-up," Jarislowsky said, "with a North American Central Bank that would issue the new currency and sit over the Bank of Canada and the Federal Reserve Bank in the United States."
"An alternative would be to create a peg on the U.S. dollar which would allow the Bank of Canada to adjust the Canadian dollar in a 5 percent plus or minus range, based on the fluctuation in value of the U.S. dollar," he explained.
Still, Jarislowsky was less confident the U.S. dollar peg would work.
"The Bank of Canada only pinpoints inflation," he told WND. "My idea would be to have the Bank of Canada manage the Canadian dollar with a view both to inflation and the U.S. dollar. The Bank of Canada has never been very receptive to this idea."
Jarislowsky insisted Canada was going to be forced to do something because the increased value of the Canadian dollar vis-?-vis the U.S. dollar was likely to depress business activity in Canada and cause a recession.
"Two-thirds of the Canadian economy is tied to the U.S. economy," Jarislowsky pointed out. "Some 85 percent of our exports are headed for the U.S. market. Our economy is tied to the U.S. dollar, whether we like it or not."
In an interview published with the Globe and Mail, Jarislowsky emphasized the likely adverse impact on the Canadian economy triggered by the rise in the value of the Canadian dollar.
"We don't have a single mill in Canada which isn't losing cash at the current exchange rate despite the fact we invested hundreds of millions in dollars into new equipment when we had the money," Jarislowsky said.
"I believe that if we stay at the present levels, the entire forest products industry practically is going to be in liquidation-bankruptcy and there's going to be an enormous loss of employment," he continued.
Jarislowsky told the House of Commons finance committee that a regional North American currency would reduce the adverse currency exchange risk being experienced in Canada since the Canadian dollar has risen more than 20 percent against the U.S. dollar this year.
Jarislowsky brushed aside stated opposition from the Canadian Finance Department, including a negative recommendation to Finance Minister Jim Flaherty because of concerns a common North American currency would mean an erosion of sovereignty for Canada.
"I know Finance Minister Flaherty quite well," Jarislowsky told WND. "Sure, first he will have to deny he is taking seriously the idea of a new currency, then later he will come out and say he was forced to create one anyway."
Jarislowsky insisted he made very seriously the suggestion to create a euro-style currency for North America.
"Pretty soon, the Finance Ministry will have no choice but to create a new currency," Jarislowsky argued, "unless the Canadian dollar all of a sudden changes course and reverses against the U.S. dollar all on its own."
"In the provinces we are already seeing economic activity slowdown because of the rise in value of the Canadian dollar," he insisted. "If our automobile and lumber industries begin to decline, we will have a serious recession as a result."
"The Finance Ministry knows how closely our economy in Canada is tied to the U.S. market," he continued. "A common currency would avoid the problems we are now facing with currency exchange risk added to the normal risks of doing business."
Jarislowsky currently heads the Canadian investment firm Jarislowsky Fraser Limited, headquartered in Montreal.
According to Canadian Business, Jarislowsky has amassed a personal fortune of $1.2 billion, ranking him as the 25th richest person in Canada.
Canadian Business also claims the average private client at Jarislowsky Fraser typically has more than $10 million in liquid assets to invest.
Forbes put Jarislowsky's net worth at $1.5 billion, ranking him No. 512 in the list of the world's richest people in 2006.
Forbes estimates that Jarislowsky Fraser currently manages $50 billion for a select list of institutional clients and high-net-worth individuals.
Jarislowsky's 2005 book, "The Investment Zoo: Taming the Bulls and the Bears," was a business best-seller in Canada.
The Canadian dollar reached parity with the U.S. dollar at the end of September. Since then, the Canadian dollar has been trading above the U.S. dollar, at values not seen since the 1960s.
The Canadian dollar closed yesterday at $1.01 to the U.S. dollar on major currency exchanges.
Canada's Finance Department did not respond to WND requests for a comment.
By Jerome R. Corsi© 2008 WorldNetDaily.com
Stephen Jarislowsky, a billionaire money manager and investor the Canadian newspaper Globe and Mail bills as the Canadian Warren Buffet, has told a parliamentary committee Canada and the United States both should abandon their national dollar currencies and move to a regional North American currency as soon as possible.
"I think we have to really seriously start thinking of the model of a continental currency just like Europe," Jarislowsky told the Canadian House of Commons' finance committee, according to the Globe and Mail in Toronto.
Jarislowsky's call for immediate action belied an article published in the Boston Globe on Sunday that said the call for the amero to become the new North American regional currency was "purely theoretical."
In an exclusive telephone interview with WND, Jarislowsky repeated his call for a European Union-style currency to be created between Canada and the United States.
"The idea would be a European Union-type set-up," Jarislowsky said, "with a North American Central Bank that would issue the new currency and sit over the Bank of Canada and the Federal Reserve Bank in the United States."
"An alternative would be to create a peg on the U.S. dollar which would allow the Bank of Canada to adjust the Canadian dollar in a 5 percent plus or minus range, based on the fluctuation in value of the U.S. dollar," he explained.
Still, Jarislowsky was less confident the U.S. dollar peg would work.
"The Bank of Canada only pinpoints inflation," he told WND. "My idea would be to have the Bank of Canada manage the Canadian dollar with a view both to inflation and the U.S. dollar. The Bank of Canada has never been very receptive to this idea."
Jarislowsky insisted Canada was going to be forced to do something because the increased value of the Canadian dollar vis-?-vis the U.S. dollar was likely to depress business activity in Canada and cause a recession.
"Two-thirds of the Canadian economy is tied to the U.S. economy," Jarislowsky pointed out. "Some 85 percent of our exports are headed for the U.S. market. Our economy is tied to the U.S. dollar, whether we like it or not."
In an interview published with the Globe and Mail, Jarislowsky emphasized the likely adverse impact on the Canadian economy triggered by the rise in the value of the Canadian dollar.
"We don't have a single mill in Canada which isn't losing cash at the current exchange rate despite the fact we invested hundreds of millions in dollars into new equipment when we had the money," Jarislowsky said.
"I believe that if we stay at the present levels, the entire forest products industry practically is going to be in liquidation-bankruptcy and there's going to be an enormous loss of employment," he continued.
Jarislowsky told the House of Commons finance committee that a regional North American currency would reduce the adverse currency exchange risk being experienced in Canada since the Canadian dollar has risen more than 20 percent against the U.S. dollar this year.
Jarislowsky brushed aside stated opposition from the Canadian Finance Department, including a negative recommendation to Finance Minister Jim Flaherty because of concerns a common North American currency would mean an erosion of sovereignty for Canada.
"I know Finance Minister Flaherty quite well," Jarislowsky told WND. "Sure, first he will have to deny he is taking seriously the idea of a new currency, then later he will come out and say he was forced to create one anyway."
Jarislowsky insisted he made very seriously the suggestion to create a euro-style currency for North America.
"Pretty soon, the Finance Ministry will have no choice but to create a new currency," Jarislowsky argued, "unless the Canadian dollar all of a sudden changes course and reverses against the U.S. dollar all on its own."
"In the provinces we are already seeing economic activity slowdown because of the rise in value of the Canadian dollar," he insisted. "If our automobile and lumber industries begin to decline, we will have a serious recession as a result."
"The Finance Ministry knows how closely our economy in Canada is tied to the U.S. market," he continued. "A common currency would avoid the problems we are now facing with currency exchange risk added to the normal risks of doing business."
Jarislowsky currently heads the Canadian investment firm Jarislowsky Fraser Limited, headquartered in Montreal.
According to Canadian Business, Jarislowsky has amassed a personal fortune of $1.2 billion, ranking him as the 25th richest person in Canada.
Canadian Business also claims the average private client at Jarislowsky Fraser typically has more than $10 million in liquid assets to invest.
Forbes put Jarislowsky's net worth at $1.5 billion, ranking him No. 512 in the list of the world's richest people in 2006.
Forbes estimates that Jarislowsky Fraser currently manages $50 billion for a select list of institutional clients and high-net-worth individuals.
Jarislowsky's 2005 book, "The Investment Zoo: Taming the Bulls and the Bears," was a business best-seller in Canada.
The Canadian dollar reached parity with the U.S. dollar at the end of September. Since then, the Canadian dollar has been trading above the U.S. dollar, at values not seen since the 1960s.
The Canadian dollar closed yesterday at $1.01 to the U.S. dollar on major currency exchanges.
Canada's Finance Department did not respond to WND requests for a comment.
By Jerome R. Corsi© 2008 WorldNetDaily.com
sestdiena, 2008, 29 novembris
The Amero is Coming!
The Amero: An Introduction, A Short History and What It Would Mean for our Economy
The Internet has been abuzz lately about a proposed new currency, the “Amero,” which would replace the dollar to become the currency of Canada, Mexico, and the US. It has largely been written off as a conspiracy theory, but there’
s still room for speculation that an Amero currency could be in the works. Read on to get the lowdown on this funny money.
What is it?
The Amero would be a lot like the Euro, in that it would become the legal currency for members of a world region. Nearly all reports contend that it would be a mixture of the peso and both the American and Canadian dollars. Along with the amero would come a governing financial union, called the North American Union, which would manage the currency and possibly more.
The Case for the Amero
In 1999, Dr. Herbert Grubel wrote a piece entitled “The Case for the Amero.” In this essay, Grubel describes a monetary arrangement between Canada, Mexico, and the US that would create the Amero, a North American Monetary Union, and a North American Central Bank. He asserts that trade between the three countries would be stimulated because the costs and risks of currency exchange would be eliminated. Unlike today’
s reports, this piece assures readers that the monetary union would not threaten sovereignty or political independence.
Hal Turner
Hal Turner, a talk radio host, has had a number of things to say about the amero. He believes that implementation of the currency is imminent and that production of coins is already underway. This belief is largely based on a tip he reports to have received from someone inside the US Treasury. This person sent photos of gold and silver Amero coins, and eventually sent Turner a 20 Amero coin from the US Mint in Denver. The story has been largely written off as a hoax, but Turner adamantly stands by it.
Funny money
Although official production is debated, there are a few Amero coins already in circulation. Of course, they are not legal tender, but rather a coin design by seller coin producer. In addition to the Amero, Carr sells concept President dollars, parody state quarters, and other funny money. He is the designer for the New York and Rhode Island state quarters that are in legal circulation today.
Benefits and Drawbacks
So what would the Amero mean for the US economy? These are a few of the positive and negative effects that could stem from the adoption of a North American currency.
Save on currency transactions: Dr. Herbert Grubel estimates that Canada alone would save $3 billion from the Amero’s implementation.
Printing inflation would be more difficult:
There is large criticism of the Federal Reserve’s practice of printing dollars to pay debts and obligations, which causes the dollar to lose value. With a monetary union, the US would, one assumes, be held accountable by Mexico and Canada, and less free to continue this sort of practice.
Transition risks:
The worldwide transition from the dollar to Amero could risk the dollar/Amero’s status as a global currency, which may cause foreign investors to shift to the more established euro and yen.
Same problems: The amero largely does not address problems that currently exist with the dollar, like trade deficits, government debt, and status as a fiat currency.
Shared seignorage: The US currently collects net revenue from issuing the dollar, but with the Amero, any revenues would likely be shared with Canada and Mexico.
Dollar fall: The Canadian and US dollars are worth considerably more than Mexico’s troubled peso. A merging of the three currencies could result in a fall of both dollars to meet the peso.
What to expect
Forex traders have good reason to track the validity of the Amero because it has the potential to strongly affect the currency trading market. We’d lose the dollar and the pool of tradeable currencies would shrink by two. Additionally, with the introduction of the Amero, we could see a worldwide trend of consolidating currency. Europe already has the euro, and other world regions may follow suit.
It is also important to remember that the dollar is used in a number of the world’
s exports. For some, a transition to the amero could prove too risky and troublesome, causing a shift away from using American currency in this way. Even if the Amero comes out strong, the benefits of its use will be shared by all of North America, not just the United States.
Most importantly, the introduction of the Amero could create hard-to-predict fluctuations in the value of American currency. On one hand, teaming up with Canada and Mexico could prove to create a stronger competitor against the euro. Of course, worldwide uncertainty against the amero could cause a fall in North American currency value and a rally towards the euro or yen.
By Jessica Hupp
The Internet has been abuzz lately about a proposed new currency, the “Amero,” which would replace the dollar to become the currency of Canada, Mexico, and the US. It has largely been written off as a conspiracy theory, but there’
s still room for speculation that an Amero currency could be in the works. Read on to get the lowdown on this funny money.
What is it?
The Amero would be a lot like the Euro, in that it would become the legal currency for members of a world region. Nearly all reports contend that it would be a mixture of the peso and both the American and Canadian dollars. Along with the amero would come a governing financial union, called the North American Union, which would manage the currency and possibly more.
The Case for the Amero
In 1999, Dr. Herbert Grubel wrote a piece entitled “The Case for the Amero.” In this essay, Grubel describes a monetary arrangement between Canada, Mexico, and the US that would create the Amero, a North American Monetary Union, and a North American Central Bank. He asserts that trade between the three countries would be stimulated because the costs and risks of currency exchange would be eliminated. Unlike today’
s reports, this piece assures readers that the monetary union would not threaten sovereignty or political independence.
Hal Turner
Hal Turner, a talk radio host, has had a number of things to say about the amero. He believes that implementation of the currency is imminent and that production of coins is already underway. This belief is largely based on a tip he reports to have received from someone inside the US Treasury. This person sent photos of gold and silver Amero coins, and eventually sent Turner a 20 Amero coin from the US Mint in Denver. The story has been largely written off as a hoax, but Turner adamantly stands by it.
Funny money
Although official production is debated, there are a few Amero coins already in circulation. Of course, they are not legal tender, but rather a coin design by seller coin producer. In addition to the Amero, Carr sells concept President dollars, parody state quarters, and other funny money. He is the designer for the New York and Rhode Island state quarters that are in legal circulation today.
Benefits and Drawbacks
So what would the Amero mean for the US economy? These are a few of the positive and negative effects that could stem from the adoption of a North American currency.
Save on currency transactions: Dr. Herbert Grubel estimates that Canada alone would save $3 billion from the Amero’s implementation.
Printing inflation would be more difficult:
There is large criticism of the Federal Reserve’s practice of printing dollars to pay debts and obligations, which causes the dollar to lose value. With a monetary union, the US would, one assumes, be held accountable by Mexico and Canada, and less free to continue this sort of practice.
Transition risks:
The worldwide transition from the dollar to Amero could risk the dollar/Amero’s status as a global currency, which may cause foreign investors to shift to the more established euro and yen.
Same problems: The amero largely does not address problems that currently exist with the dollar, like trade deficits, government debt, and status as a fiat currency.
Shared seignorage: The US currently collects net revenue from issuing the dollar, but with the Amero, any revenues would likely be shared with Canada and Mexico.
Dollar fall: The Canadian and US dollars are worth considerably more than Mexico’s troubled peso. A merging of the three currencies could result in a fall of both dollars to meet the peso.
What to expect
Forex traders have good reason to track the validity of the Amero because it has the potential to strongly affect the currency trading market. We’d lose the dollar and the pool of tradeable currencies would shrink by two. Additionally, with the introduction of the Amero, we could see a worldwide trend of consolidating currency. Europe already has the euro, and other world regions may follow suit.
It is also important to remember that the dollar is used in a number of the world’
s exports. For some, a transition to the amero could prove too risky and troublesome, causing a shift away from using American currency in this way. Even if the Amero comes out strong, the benefits of its use will be shared by all of North America, not just the United States.
Most importantly, the introduction of the Amero could create hard-to-predict fluctuations in the value of American currency. On one hand, teaming up with Canada and Mexico could prove to create a stronger competitor against the euro. Of course, worldwide uncertainty against the amero could cause a fall in North American currency value and a rally towards the euro or yen.
By Jessica Hupp
ceturtdiena, 2008, 27 novembris
Amero taking down middle class
I'm asking The Bee to address the issue of the "Amero" and its part in the rapid devaluation of the U.S. dollar and in delaying response to securing the border. The "Amero" would be developed through the creation of the North American Union, which currently goes under the name"The Security and Prosperity Partnership" consisting of Canada, Mexico and the United States.
This idea was supposedly launched in March 2005.The Mexican and Canadian economies rely, primarily, on the United States for trade and economic stability. They are, according to the U.S. Energy Information Administration, our top suppliers of oil. How will union with two nations, one morally bankrupt and each possessing poorly performing currencies, advance the United States? It probably won't.Observers predict that this "union," or "partnership," will not only dissolve U.S. sovereignty but destroy our domestic shipping industries, redistribute our middle-class wealth and eliminate what we now consider border security. Will America be the next European Union?
MARTHA G. ACEVEDOOakdale
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