North American Union Will Kill The Dollar

STPNS
Posted : 2007-07-26

SOCORRO, New Mexico (STPNS) --
If you missed last week's column (shame on you), we looked at the potential of being forced to join the North American Union of Canada, Mexico and the United States. In my opinion, this agenda will prove to be a disaster for America.

Our latest slice of the New World Order will create a common market and currency and a "harmony of laws." This Union, which is the brainchild of the Council for Foreign Relations and the Trilateral Commission in 1967, stayed on the back burner until the 80's, gaining momentum under Reagan. It took a big jump in 2001 with the Bush/Fox "Partnership for Prosperity" and the Union now has a tri-national ministerial-level working group trying for a 2010 North American "community."

That‘s two and one-half years to change the face of America forever. Impossible? Not really. All that these things usually take is an incident of sufficient impact to scare us into believing that such a loss of freedom is acceptable. It has happened over and over and our politicians are becoming masters at positioning themselves to spin an incident to justify their agenda. I think it's very possible; the question is what will it mean to us?

For now, let's focus on the monetary aspects. How much are you worth in "Ameros"? What's an Amero? That's what will replace your dollars if these guys get their way. Clever name, no doubt taken from the illustrious euro of the European Union.

One little thing that I noticed about the European Union is that the strongest currency of Europe is conspicuously absent from the union, that being the Swiss Franc. It seems that the Swiss could not see any advantage to joining the EU and risking their status. This begs the question; why would we want to join our dollar to the Mexican peso? If you are an economic history buff you will surely remember the peso roller coaster of the last decades. When I first went South in my youth, the exchange rate was about 12 to 1 (pesos to dollars). Shortly thereafter the peso fell to 70 to 1, for a while in the 70s it was impossible to put a value on the peso because there was the official rate and the black rate. The peso then gained for a while and set at 20 to 1 for a while.

If you are adding this up I'm sure that you have seen that the good folks of Mexico lost 80 percent of their net worth at one definable point and then over a couple of decades ended up just losing about half. Either way it is a serious blow to ones future to have those kinds of monetary problems.

The peso then went all the way to 7.9 to 1 before the current exchange of about 10 to 1 again. If we had been in Union with them during these crises, guess which country's taxpayers would have been called on to fund the bail out? If you don't believe me, take a minute and remember the savings-and-loans crash and the billions we paid to protect the folks who chose to invest without FDIC protection until they lost.

It will be the same for American taxpayers in the North American Union. As Mexico goes, so will our dollars, oops, I mean Ameros go. What do we have to gain in all this? Beats me. It's just another aspect of replacing our beloved dollar with any new currency is the impact on all those folks who have a coffee can in the backyard for a rainy day.

You can be sure that one of the rules of the exchange will be that our good old-fashioned dollars will become scrap paper at some point.

To avoid that, you will take yourself to the banker/government accountant and justify what you have and where you got it. In our electronic age this may not be a big thing to everybody but it is another thing to look forward to. Add it all up and I believe we are being railroaded once again to fulfill the philosophical dreams of the out-of-touch elite.

And we haven't even gotten into the "Harmony of Laws" yet. Stay tuned...