The Nature of Daylight by Max Richter

US Sends $800 Billion In New Amero Currency To China

I have been drudging and digging through the internet about the Amero and I do not know if this is going to happen or not. But this is very scary if it happens. Educate your selves and start digging through the internet.

Here is the latest news I have found.

A chilling report circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bank that 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.

Virtually unknown to the American people is that their current leader of the US Department of Treasury, Henry M. Paulson, Jr., has been tasked by President Bush to lead the efforts to join the economies of the US, Canada and Mexico and is also the head of the North American Development Bank, the bi-national financial institution established by the United States and Mexico to further the merging of their economies, and the leader of the Border Environment Cooperation Commission (BECC), the organization created by the governments of the United States and Mexico to further the implementation of the North American Free Trade Agreement (NAFTA).

This is important to note as the final provisions of the NAFTA Agreement were implemented on January 1, 2008, leaving only the final merging of the economies of the US, Mexico and Canada into a North American Union to be accomplished, of which we can read:

“President Bush is pursuing a globalist agenda to create a North American Union, effectively erasing our borders with both Mexico and Canada. This was the hidden agenda behind the Bush administration's true open borders policy.

Secretly, the Bush administration is pursuing a policy to expand NAFTA politically, setting the stage for a North American Union designed to encompass the U.S., Canada, and Mexico. What the Bush administration truly wants is the free, unimpeded movement of people across open borders with Mexico and Canada.

President Bush intends to abrogate U.S. sovereignty to the North American Union, a new economic and political entity which the President is quietly forming, much as the European Union has formed.”

It is also interesting to note that American economists have been warning about the replacing of the US Dollar with the Amero, due to pressure from China, for nearly two years, and as we can read in this December, 2006 report titled Analysts: Dollar collapse would result in 'amero', and which says:

“As WND reported earlier this week, in an unusual move, the Bush administration is sending virtually the entire economic "A-team" to visit China for a "strategic economic dialogue" in Beijing Thursday and Friday. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are leading the delegation, along with five other cabinet-level officials, including Secretary of Commerce Carlos Gutierrez. Also in the delegation will be Labor Secretary Elaine Chao, Health and Human Services Secretary Mike Leavitt, Energy Secretary Sam Bodman, and U.S. Trade Representative Susan Schwab.

But Chapman doubts the trip will help the Fed to engineer a slow dollar slide.

“The Chinese are going to do what the Chinese want to do, not what we want them to do," he said. "I believe the Chinese are going to send Treasury Secretary Paulson and Fed Chairman Bernanke home packing, with little or nothing to show for the trip."
How severe will the coming dollar collapse be?

"People in the U.S. are going to be hit hard," Chapman warned. "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.”

The prophetic warnings of these American economists are, indeed, coming to pass as during the month of September alone, 10 years worth of gains on US stock markets have been wiped out in their entirety and bank runs are now occurring in the United States for the first time since the days of the Great Depression leading to the failure of 13 banks, some of their largest, and the imminent failure of 117 more forecasted by the US government.

US Treasury Secretary Paulson, however, continues leading the charge attempting to force upon the American people the ‘final peg’ to their own demise by completely bankrupting the United States leaving no other choice but to completely discard the almost totally worthless US Dollar and its replacement with the Amero.

It goes without saying that the American people will greatly resist the replacement of their Dollar, but this cannot be said when tens of millions of them are without jobs and their life savings have become worthless leaving them with no other choice but accept what their own leaders have planned for them all along.

To this growing crisis currently battering the US, and its destruction of the entire Western Economy, Russian Military Analysts state in their reports that the establishment of a North American Union is by no means a foregone conclusion as aligned against it are the combined, and powerful, forces of the United States Military establishment and the State of Israel, both of whom see their demise should this planned merger occur.

This is important to note because both the US Military and Israel are proponents of what is termed as ‘Disaster Capitalism’ which advocates the seemingly contradictory view that ‘shocks’ and ‘crashes’ to populations and economies are quickly followed by long periods of sustained growth and stability.

The phenomena of Disaster Capitalism was first observed during the 2007 World Economic Forum in Davos, Switzerland, where this ‘puzzling trend’ was discussed and debated at great length, but which none of the participates could dispute after the full reports of the effects of September 11, 2001, in the United States, and other such catastrophic disasters, were fully analyzed.

To the growing Western adherence to the new ideology of Disaster Capitalism, and its dangers, we are further warned by the eminent writer Naomi Klein in her seminal work “The Shock Doctrine: The Rise Of Disaster Capitalism”, and where she states:

Greece joins bailout stampede as Germany vows no blank cheques

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3124320/Greece-joins-bailout-stampede-as-Germany-vows-no-blank-cheques.html

The Greek government has issued a blanket guarantee of all bank deposits after panic withdrawals by customers in Athens and Thessaloniki, creating an unstoppable stampede across Europe for an EU-wide bail of the financial system.

Greek officials said the state would cover "all bank deposits, whatever the amount." The move follows the dramatic decision by Ireland this week to guarantee the deposits and debts of its six biggest lenders in the most sweeping bank bail-out since the credit crisis began.

"The whole of Europe will have to do same thing, otherwise Europe will have a split banking system," said Hans Redeker, currency chief at BNP Paribas. British banks are already facing a haemorrhage of deposits to Irish banks that now enjoy the AAA sovereign rating of the Irish state.

Greece has so far escaped attention as the financial storm breaks over Europe, but the economy is deeply unbalanced. A torrid credit boom has been allowed to run unchecked, leading to a current account deficit of 15pc of GDP -- the highest in the eurozone.

While property losses are modest so far, the Greek banks have run into trouble rolling over short-term debts after the near total closure of Europe's capital markets. The liabilities of the Greek banks are roughly €320bn euros.

As rumours flew in another day of fast-moving drama in Europe, the credit system continued to flash warning signs of extreme stress. Three-month Euribor - the benchmark rate used for floating mortgages and financial contracts -- rose to a post-EMU record of 5.33pc.

Governments across Eastern Europe were forced to issue statements on Thursday assuring depositors that their banks were safe. Traders said Ukraine is on the brink of a currency crisis.

The Greek move puts fresh pressure on Germany to back the mounting calls for an EU lifeboat fund to shore up Europe's struggling banks, even though such a plans are anathema to Berlin. Chancellor Angela Merkel warned that there would be no "blank cheques" for those who get into trouble.

Berlin fears that any such fund is a Trojan Horse that could ultimately leave German taxpayers footing the bill for a massive bail-out of the southern Europe as the region's booms turn to bust. Key ministers are now frantically trying to stop the idea gaining a serious head of steam.

Finance minister Peer Steinbrueck said German citizens should not have to step in "to stabilize situations for which other countries are responsible. To put it mildly, Germany is highly cautious about such grand designs for Europe. Other countries are free to think about it. I just don't see any German interest in it," he told the Wall Street Journal.

The comments are the clearest indication to date that Berlin will resist moves to create a pan-European treasury to back up the single currency, whatever the risk for the stability of monetary union.

Confusion reigned across Europe as different capitals gave briefings and counter-briefings on the lifeboat plans. French finance minister Christine Lagarde backed away from earlier ideas for a €300bn rescue fund to help weaker countries cope with financial panics. "There is no such thing", she said .

Separately, The Netherlands has mooted a plan for each EU country to pay 3pc of GDP into a reserve fund.

A raft of ideas are to be discussed at an emergency summit of the French, British, German, and Italian leaders in Paris on Saturday, though it looks increasingly unlikely that anything of substance will be agreed.

The squabbling has exposed the deep flaws in the EU's crisis machinery. While the single currency spans fifteen states, each government controls its own fiscal policy and nationalist reflexes die hard.

Neelie Kroes, the EU competition commissioner, said that Ireland's decision to act unilaterally -- disregarding EU state aid rules -- risked a descent into the beggar-thy-neighbour mayhem of the Great Depression.

"When Europe was confronted with a banking crisis in the 1930s, governments decided to go national and close their borders. Protectionism was not the solution at the time, as we very well know. Let us not make the same mistake twice," she said. Brussels has already been overtaken by events.

David Owen, Europe economist at Dresdner Kleinwor, said Ireland had no choice, given the lighting pace of events on Monday. "Their banks were going down. No government can let that happen. They did exactly the right thing to ring fence this."

Angel Gurria, the head of the OECD club of rich nations, said Europe may not have the luxury of trying "piecemeal" responses as the financial storm turns violent. "Considering the exposure of European financial institutions, we might have to start thinking of a systemic plan for Europe if things don't improve on the other side of the Atlantic," he said.

Presentation: "Samos 2007, greek & green"