June 21, 2008
from NaturalNews Website
Brazilian President Luiz Inacio Lula da Silva
recently revealed that the South American countries are planning for a
common currency as part of the integration of the individual countries into
the Union of South American Nations. This integration is patterned after the
formation of the European Union, and parallels the plan for the North
Another unfolding feature of the South American Union similar to that of the North American Union is its dependence on newly created infrastructure.
The South American alliance will promote the
cross-nation construction of railroads, highways, bridges and transmission
lines that will connect the entire region resulting in smooth interaction
and movement within the trading block. The NAFTA and CAFTA Superhighways
epitomize the infrastructural development of the North American Union
The Amero is the
name of what may be the North American Union's counterpart to the Euro,
debuting after economic integration and homogenization of Mexico, the U.S.
and Canada have been completed, at exchange rates that represent the lowered
standard of living of the Americans and the Canadians.
The clustering and assimilation of currencies facilitates the eventual merger into a one world currency promoted by the Council on Foreign Relations and its political puppets. They see the move toward the South American Union with its single currency as easily fitting with the European Union and current efforts to establish the North American Union.
Once the formation of these major trading blocks is completed, the
next step would be the unification of the blocks into a one world
Members have run or are running the
outlets including NBC, CBS, the New York Times, the Washington Post, and
many other publications.
CFR plans are not subject to the,
Discussion of the plans has been conspicuously
absent from the endless debating of the presidential candidates.
Over the past 25 years, devastating currency crises have hit countries across Latin America and Asia, as well as countries just beyond the borders of western Europe - most notably Russia and Turkey.
Even such an impeccably credentialed pro-globalization economist as U.S. Federal Reserve Governor Frederic Mishkin has acknowledged that,
The economics profession has failed to offer anything resembling a coherent and compelling response to currency crises.
International Monetary Fund (IMF) analysts have, over the past two decades, endorsed a wide variety of national exchange-rate and monetary policy regimes that have subsequently collapsed in failure. They have fingered numerous culprits, from loose fiscal policy and poor bank regulation to bad industrial policy and official corruption.
The financial-crisis literature has yielded policy
recommendations so exquisitely hedged and widely contradicted as to be
Is this right? Are markets failing, and will restoring lost sovereignty to governments put an end to financial instability?
This is a dangerous misdiagnosis. In fact, capital flows became destabilizing only after countries began asserting "sovereignty" over money - detaching it from gold or anything else considered real wealth.
Moreover, even if the march of
globalization is not inevitable, the world economy and the international
financial system have evolved in such a way that there is no longer a viable
model for economic development outside of them.