$700 Billion, have we totally lost our minds?  Where is free market correction when you need it most?  $700 billion is something around a third of our federal budget.  The US Dollar Index- USDX currency markets have the dollar value on a spirling downwards tick.  If the fed raises rates the already fragile real estate market could collapse and if it lowers rates the dollar could collapse.  Damned if you do, damned if you don’t.

Oil prices and other goods and services costs have to go up to counteract the decrease in the dollar value-INFLATION.  The US debt is well into the TRILLIONS with us owing China a huge chunk.  China instead of sitting on the dollars when they sell stuff, buys American interest bearing Treasury Bills and Treasury bonds.  Should Congress order the Fed to buy the debt back?  Everyone likes a Sale!  Money on sale, money on sale!  The buy back could be at a discounted rate but then it would further erode the value and increase the debt.  That won’t work and in the real world, sale items can not be returned with out a receipt. 

Oooooopps, –, the Fed isn’t owned  by the American people now is it?  http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm  It is owned by bankers.  

• Lazard Brothers Bank of Paris
• Israel Moses Sieff Banks of Italy
• Warburg Bank of Hamburg, Germany and Amsterdam
• Kuhn Loeb Bank of New York
• Lehman Brothers Bank of New York
• Goldman Sachs Bank of New York
• Chase Manhattan Bank of New York (the Rockafellers)
• Rothchild’s Bank of London & Berlin

It seems the Fed may have created more problems than it was supposed to prevent. Yikes, the money supply is increasing and the value decreasing.   Let’s print more money!  As for the SEC- jeeze oh weeze Louise, what happened to enforcing the laws on the books?  Could it be that when WTC 7 burned in NYC on 9-11 it took with how investment banks may have operated to split up top shares of initial public offerings when the high tech boom was occurring and other hints of information that might have fortold of this economic panic?  

 “Sovereign nations that cannot meet their financial obligations typically resort to the currency printing press. The inevitable result is debasement of the currency. This is the course the U.S. government and the Federal Reserve have taken. The unfolding bank solvency crisis and the attempts to prevent a systemic collapse have accelerated the debasement of the dollar. Its purchasing power is falling rapidly, and soon foreign investment in the dollar will also begin falling. When substantial foreign investment starts to flee the currency for safety elsewhere, the Federal Reserve will be forced to monetize the U.S. debt instead of selling treasury.” bonds.”  http://dinapharm.com/store/product_info.php?products_id=101 {this link sells survival crap but offered a consise statement }

What it all boils down to is the printing of more and more money with little value.  How to increase the value?  That’s the billion/trillion dollar question.  Hey, remember the idea of the AMERO?  Let’s introduce a new currency to solve some problems.  Ironically, unsubstantiated rumors on the net are “circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bankthat 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.”  http://www.nworeport.com/ussends.htm   WHAT?  Okay, cite the source, but holy crap batman!

Maybe its all another case of shock and awe and to paraphrase author Naomi Klein, a “Rise of Disaster Capitalism,” providing exciting market opportunities in the wake of our financial crisis.   I’ve been to both countries and live in the US and since the people are all so nice everywhere, we could integrate Canada, USA, and Mexico into a North American Union to compete?  Good as reason as any.  All those troops serving a Brigade Homeland Tour, now on active duty, won’t have to worry about the borders any more.  We’ll be border-less just like the European Union.  We’ll all just be friends and get along splendidly.  The military will have more time to concentrate on countering terrorist threats just like they have participated by interdicting drugs and illegal aliens for decades.  I wonder if the Blackwater guys will mind being paid in the Amero?

Is is a major inconvenience to exchange currency at the border, problem solved with the AMERO!  The Europeans have done it with the EU, and supposidly The African Union Group of Eminent Persons has a plan to introduce a bank of all African currency by 2010, named Gold Mandela.  Why not the USA? 

President Bush has already hinted at this over the years and historically there is key legislation already in place- starting with NAFTA.  Mexican and Canadian trucks zip on thru US soil in the fast track with the Trusted Traveller Program. http://www.dhs.gov/xtrvlsec/crossingborders/  What’s another Executive Order?  Between the Military Commissions Act 2006, and the John Warner Defense Approprates Act 2007, and a list of Civil Disturbance Statues our President may have no problems convincing us that a North American Union is the way to achieve economic stability.  We’re already in a State of Emergency, let alone fighting the War on Poverty, the War on Drugs, the War on Terrorism, the Wars on Whatever.  Will the tax-paying citizens have run out of money and energy to fight a War against a NEU or Amero? 

The things is, that if we abandon monetary nationalism –the almighty dollar, and move towards adapting to regional currencies, we could be going down a path to one world currency and globalization.  Is that bad?  A New World Order, ring a bell?  ding, ding, ding. 

Label it what you wish– from A New World Order, to World Law, Global Democracy, Internationalism, A New Economic Order, Global Free Trade, or the International Monetary System.  Throw in the mix phrases like Global Citizenship, Global Warming, Unity in Diversity, Inter Faith-ism and Solidary and all reflect a big shift in who holds economic power.  It’s like a Star Trek episode, we come from the Federation of Earth.  Things like a $700 billion dollar bail out (or rescue- if you prefer the term) is going to reshape America. 

For the better, I pray.  

I question whether conspiracy is a foot, but damn I sure don’t want the shoe to fit.

Ahrcanum.

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