Follow the Currencies
By Tim Porter, Nov. 25, 2008 (Updated Sept. 5, 2011)
Are you struggling to make sense of the increasing instability in America’s financial system, as well as on our nation’s borders?
Why are our elected officials on a course to tank the dollar by adding trillions to our national debt with federal bailouts of both borrowers and lenders? And why are these officials ignoring our border-security demands, even as they wage a global “war on terrorism”?
As with many mysteries, the best way to start figuring all of this out is to “follow the money.” In this case, track the trend toward “regionalization.” Note the policies that undermine nations, their economies, and national currencies, like the U.S. dollar, in favor of developing regional currencies modeled after the European Union’s Euro.
The article summary below confirms that this is occurring, not only in Europe and North America, but in at least ten major world regions, working toward three super-region umbrellas with a global regulatory system and federation. This will include financial and monetary regulations, but it must first develop a new global reserve currency to replace the U.S. national dollar in backing the regions’ trading currencies.
This article summary demonstrates to all but the most naive that elitists are indeed amalgamating the United States into a North American Union, complete with a common regional currency with Canada and Mexico, just as they are attempting to do in all of the other world regions. They extol the EU as their model and play one region against the others, saying that nations must regionalize to “keep up with the competition.” They cite national economic and security crises, festering from their own dereliction, as proof of the need for regionalization and global regulation. Only in this context does the motive for our elected officials’ blatant border security and financial dereliction become clear.
Do you doubt that any of this is true? I invite you to review this article summary. Look up all of the Internet news links provided, and do some Internet word and phrase searches to find these and other reliable sources concerning these regions. You will be stunned by the magnitude of monetary and political changes that are in store for the world in the next few years if these elitist utopians have their way.
This evidence is readily available, but media reporting has been so fragmented that it is not easy to put it all together. The credibility of each and every one of these reports is enhanced by the corroboration of all the others.
For those who have read their Bibles, surely the number ten arouses interest. Moreover, today’s ten regions are generally a realization of those envisioned in 1973 by the globalist Club of Rome. They even referred to their proposed regions as the ten “kingdoms.”
However, it is important to keep in mind that there are a changing number of sub-regions and overlapping regional trade agreements. Like the Club of Rome’s regions, today’s ten may not be the exact, final alignment to be ruled one day by the “ten kings” of Daniel and Revelation, but that does not diminish the reality of what is developing today.
It is the duty of Christians – and of all U.S. citizens – to reprove and restrain this evil subversion of not only our national sovereignty, liberty and independence, but also of God’s decree at the Tower of Babel. This isn’t just “politics.” This is open rebellion against God’s establishment of the nations as the ultimate “check and balance” against an otherwise harnessed human monolith with a penchant for evil.
Self-proclaimed “citizen of the world” Barack Obama is a true believer of this globalist mindset. However, so is John McCain, who supports an international criminal court, the United Nations’ “Law of the Sea” and “global warming” treaties, “comprehensive immigration reform” (code for illegal aliens’ amnesty), and the “integration of our economies” in North America.
Click on flags for additional links – emphasis added to article summaries
Guy Verhofstad, Prime Minister of Belgium, President of the European Council College of Europe, Natolin Campus, Warsaw, Poland, October 23, 2001 http://www.eu-un.europa.eu/articles/en/article_156_en.htm
“We could order the world on the basis of existing regional cooperation organizations: the European Union, ASEAN, Mercosur [now UNASUR], NAFTA, the African Union, the Arab League and SAARC in southern Asia…. We need to take a first step down the path towards a global form of federalism, a structure where the reality of an increasingly interactive world is finally made a political reality too. In fact, a structure of this kind was already planned when the United Nations was created in 1945, but was never implemented after the Cold War. The New World Order could lead to a new G8, G9 or G10, with regular meetings between the delegates of the world’s continents…. The European Union is the model…”UNASUR: ‘South America to Have Single Currency in the Future, Lula Says’
Bloomberg.com, 1-26-08 http://www.bloomberg.com/apps/news?pid=20601086&sid=a.4oQOPGrhO4&refer=latin_america
Brazilian President Luiz Inacio Lula da Silva said the creation of a South American bloc is a step towards the adoption of a single regional currency. “We will work to have in the future a single central bank a single currency,” Lula said today in his weekly radio program broadcast nationwide. South American leaders signed an agreement May 23 to establish the Union of South American Nations, or Unasur, a bloc modeled on the European Union. The treaty sets goals for integration of energy and transportation networks and immigration policies. It also creates a South American parliament in Cochabamba, Bolivia.
AU: ‘Profile: African Union’ BBC News, April 4, 2008 http://news.bbc.co.uk/2/hi/africa/country_profiles/3870303.stm Conceived by the Libyan leader Muammar Gaddafi, who proposed a “United States of Africa,” its structure is loosely modeled on that of the European Union. It inaugurated a pan-African parliament in March 2004 — one of a number of proposed institutions. The body debates continent-wide issues and advises AU heads of state. There are far-reaching plans to set up a human rights court, a central bank and monetary fund, and by 2023 an African Economic Community with a single currency.
African States’ Single Currency Goal is Still On
The East African (Nairobi, Kenya) July 26, 2010 http://www.theeastafrican.co.ke/news/African states single currency goal is still on/-/2558/964360/-/84anm7z/-/ The push to have African currencies merged is gaining momentum following revelations that majority of the countries are on track in meeting requirements for a monetary union set for 2021….According to Central Bank of Kenya governor Prof Njuguna Ndung’u, AACB had started working on Stage III of the integration program that will form a basis for the establishment of a continent-wide common central bank.
GCC: ‘Gulf Arab States Move Closer to Single Currency‘
Jerusalem Post, December 15, 2009 http://www.jpost.com/MiddleEast/Article.aspx?id=163228 Gulf Arab nations [Gulf Cooperation Council ] put into force a monetary pact Tuesday, moving a step closer toward the elusive goal of a single regional currency and greater integration between the mainly oil-rich states….The GCC, which groups Kuwait, Saudi Arabia, Qatar, the United Arab Emirates, Oman and Bahrain, has been trying for years to develop a unified currency as part of a push for broader economic integration between their predominantly oil-rich nations.
HYDERABAD, India, May 4 — Finance ministers from China, Japan and South Korea announced tentative steps on Thursday to coordinate their currencies in ways that could ultimately produce a common regional currency like the euro. ….Although an Asian monetary union is a distant goal, the Asian Development Bank has been pushing the idea of an Asian currency unit, or A.C.U., over the past year. ….The Asian currency unit initiative is now backed by the so-called Asean Plus 3 grouping, which comprises the Association of Southeast Asian Nations [ASEAN], China, Japan and South Korea.
Dollar Demise: China Wants a New Global Reserve Currency Says Strategist
YAHOO! Finance, July 1, 2011 – ….according to currency strategist Ashraf Laidi, CEO of Intermarket Strategy Ltd….”China has been instrumental in supporting the Euro,” Laidi says…. And not once, but repeatedly. So Laidi says the next time “you think hell is going to freeze and the Euro is going to fall apart and break below $1.38,” keep an eye out for the Chinese response, be it a statement, a visit or something different, but always couched in the concept that Europe is “an important strategic partner.” One of the reasons Laidi says the Chinese are doing this is to…add passengers aboard…to a magical place called a New Global Reserve Currency
Why China is Gung-ho About the EuroInternational Business Times, June 28, 2011 During last year’s European debt crisis, it started with verbally reiterating its commitment to buy euro-denominated debt. When things got really bad, it stepped up its buying of the euro currency, Spanish bonds, and Greek bonds.
By putting its money where its mouth was, China effectively saved the euro, according to billionaire investor George Soros.
….Previously, a Chinese official said “saving the euro is akin to saving globalization.“
….Its worst nightmare is for the euro to collapse and have the US dollar solidify its monopoly as the only major international currency.
Over the last few decades, the US has arguably abused this monopoly by running up huge trade deficits and operating with an ultra-loose monetary policy.
Endorsing India’s proposal for a common currency for South Asian countries, Saarc member states on Wednesday stressed on the need to speed up the progress towards a free-trade regime in the region. A common currency is possible within the deadline of 2020 set by the South Asian Association for Regional Cooperation (Saarc), but progress has to be made in the Saarc Economic Agenda, said Pakistan’s ambassador to Nepal Zamir Akram at an interaction programme here.
Sri Lanka for Single SAARC Currency
The Daily Star (Bangladesh), April 04, 2007
http://archive.thedailystar.net/2007/04/04/d7040401169.htm Asserting that the time has come to move away from ‘fancy rhetoric’, Sri Lanka yesterday said Saarc must become a Union and adopt a single currency for achieving its political and economic pursuits. “I strongly believe that Saarc must become a Union where we will endeavour to achieve our political and economic pursuits. It is also high time that we adopt a single currency,” Sri Lankan President Mahinda Rajapaksa said in his speech at 14th Saarc Summit.
Xinhua (China) March 11, 2009 http://news.xinhuanet.com/english/2009-03/12/content_10997939.htm
ALMATY, March 11 (Xinhua) — Kazakhstan’s President Nursultan Nazarbayev on Wednesday called on the Eurasian Economic Community (EURASEC) to create their common currency.
….In addition, Nazarbayev said all countries should own up to fact that the current world financial currency system is outdated and seriously hinders the development of the whole world. EURASEC was established in May 2001 and groups Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.
Russia’s Putin says wants to build “Eurasian Union”
Reuters, October 3, 2011 – http://www.reuters.com/article/2011/10/03/us-russia-putin-eurasian-idUSTRE7926ZD20111003 – Russia’s Prime Minister Vladimir Putin said he wants to bring ex-Soviet states into a “Eurasian Union” ….Putin wrote that he saw the way out of the global crisis through a regional integration, mentioning the European Union, Asia-Pacific Economic Cooperation, the North American Free Trade Agreement and the Association of Southeast Asian Nations as examples.
Putin Sets Sights on Eurasian Economic Union
Financial Times (London), August 16, 2011 http://www.ft.com/cms/s/0/a7db2310-b769-11e0-b95d-00144feabdc0.html#axzz1VEsQmlmP Twenty years after the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may not, as is sometimes alleged, be trying to recreate it. But he is pursuing a different project – to build a “quasi-European Union” out of former Soviet states.
A customs union he launched a year ago between Russia, Belarus and Kazakhstan has already removed tariffs and customs controls along the three states’ internal borders. Come January this is due to expand into a “common economic space”, ensuring free movement of goods, services and capital across a single market of 165m people – 60 per cent of the former Soviet population.
At a Moscow summit this month, prime ministers of the three states set an even more ambitious target – turning the grouping into a “Eurasian economic union” by 2013. There is even talk, down the line, of a common currency.
ABC (Australia Broadcasting) ‘The World Today’ – January 13, 2003 http://www.abc.net.au/worldtoday/content/2003/s923548.htm – Partial transcript ELEANOR HALL: The recommendation by the Senate’s Defence, Foreign Affairs and Trade Committee that the member States of the Pacific Islands Forum adopt the Australian dollar as a single currency has met with a guarded optimism from some regional officials,…. ….PETER COOK: In essence, it proposes a Pacific community which will eventually have one currency, one labour market, common strong budgetary and fiscal discipline, democratic and ethical governance, shared defence and security arrangements, common laws and resolve in fighting crime, and health, welfare, education and environmental goals.
One Pacific currency
Samoa Observer – June 8, 2011 http://www.samoaobserver.ws/index.php?option=com_content&view=article&id=33663:one-pacific&catid=1:latest-news&Itemid=50 The call for Samoa to push one currency for the Pacific, including New Zealand and Australia, is gaining momentum. Made by Tautua Samoa Party MP, Motuopua’a Dr Aisoli Va’ai in Parliament, deputy Prime Minister, Fonotoe Lauofo welcomed the suggestion. But Prime Minister Tuilaepa Sa’ilele Malielegaoi was silent on the issue…. But he admits the topic has been around for a long time. “In fact when one talks about one currency it’s an item that is usually addressed by a regional body like the Forum Secretariat. Although it has not been raised it has been in the minds of some of the leaders…..”
The benefit of a single currency is to bring about better and greater fiscal and monetary discipline, acting as ‘an agency of restraint’ to wayward governments.
RTT News – Global Financial Newswires – 1/21/2009 http://www.rttnews.com/ArticleView.aspx?Id=829769&SMap=1
….Winding up the economic summit, leaders of the 22-member Arab League (AL) approved a declaration calling for accelerated steps towards the economic integration in the Arab world: to launch a customs union next year, to speed up the construction of a pan-Arab power grid and to start a railroad network project.
Across North America: ‘There will be a common currency,’ editor predicts
National Post (Canada) 4/20/02
Steve Forbes, editor-in-chief of Forbes magazine, predicted yesterday Canada will adopt a common currency with the rest of North America. “I don’t know what it will be called but there will be a common currency,” said Mr. Forbes, who campaigned for the Republican nomination for the presidency in 2000.
http://wikileaks.org/cable/2005/01/05OTTAWA268.html [This document, released by WikiLeaks on April 28, 2011, is a 2005 U.S. embassy cable from Ottawa signed by then-U.S. Ambassador Paul Cellucci. ]
THIS MESSAGE IS SENSITIVE BUT UNCLASSIFIED. NOT FOR DISTRIBUTION OUTSIDE USG CHANNELS – 2005-01-28
…. CURRENCY UNION: Canadian economists are split on whether a return to a fixed exchange rate, or adopting the U.S. dollar, would benefit Canada in current circumstances…. The central bank governor has taken the position that “monetary union is an issue that should be considered once we have made more progress towards establishing a single market.”
Dodge says single currency ‘possible’
Globe and Mail (Canada) May 21, 2007
WASHINGTON — Bank of Canada Governor David Dodge says North America could one day embrace a euro-style single currency. But to get there, Canada, the United States and Mexico must first tear down barriers to the free flow of labour, which he pointed out Monday have “gotten a bit thicker” in recent years. Answering questions from the audience after a speech in Chicago, Mr. Dodge said a single currency was “possible.”
Landry Calls for Currency Union in the Americas
Broadcast News (Canada)
November 27, 2001 – Quebec’s premier says it’s time Canada dumped its currency and built an economic union from Alaska
to Chile. Bernard Landry has long touted a common currency for North America, based on the current European model.
Los Angeles Times op ed, July 18, 1993
“[ NAFTA ] will represent the most creative step toward a new world order taken by any group of countries since the end of the Cold War.
[ NAFTA ] is not a conventional trade agreement, but the architecture of a new international system.”
Kissinger was National Security Advisor and Secretary of State in the Nixon and Ford administrations.
Vicente Fox, President of Mexico, Madrid, Spain, May 16, 2002
“In recent years a new international system has been developing, oriented toward the establishment of norms and principles of universal jurisdiction, above national sovereignty….
The construction of new rules of international co-existence must continue…we are actively participating in various forums in the construction of this international architecture….
Eventually, our long-range objective is to establish with the United States, but also with Canada, our other regional partner, an ensemble of connections and institutions similar to those created by the European Union, with the goal of attending to future themes as important as the future prosperity of North America, and the freedom of movement of capital, goods, services and persons.”
State of the World Forum, 1995
“We cannot leap into world government in one quick step…. The precondition for eventual globalization –
genuine globalization – is progressive regionalization, because thereby we move toward larger, more stable, more cooperative union.”
Brzezinski was National Security Advisor for President Jimmy Carter.
Strobe Talbott, Time Magazine editorial 7-20-92
“Here is one optimist’s reason for believing….nationhood as we know it will be obsolete; all states will recognize a single, global authority. A phrase briefly fashionable in the mid-20th century – “citizen of the world” – will have assumed real meaning by the end of the 21st century….The cold war also saw the European Community pioneer the kind of regional cohesion that may pave the way for globalism.”
Time editor Talbott, Bill Clinton’s roommate at Oxford in the globalist Rhodes Scholarship program, became Clinton’s Deputy Secretary of State under Madeline Albright.
National Security Advisor Anthony Lake – 7-29-93
Declassified 3-8-96 – “Hemispheric institutions…and now the NAFTA institutions, can be forged into the vital mechanisms of hemispheric governance….increasingly integrated by economic exchange and shared political values.” Anthony Lake was National Security Advisor to President Bill Clinton.
Review of U.S. Rulings by Nafta Tribunals Stirs Worries
New York Times 4-18-04 ….[T]he tribunal declared a Mississippi court’s judgment at odds with international law, leaving the United States government potentially liable for hundreds of millions of dollars…. “This is the biggest threat to United States judicial independence that no one has heard of and even fewer people understand,” said John D. Echeverria, a law professor at Georgetown University…. The availability of this additional layer of review, above even the United States supreme Court, is a significant development, legal scholars said….The tribunals have the potential to upset the settled American constitutional order.
The Rise of the Fortress Continent
The Nation – February 3, 2003
http://www.thenation.com/article/rise-fortress-continent ….“Fortress NAFTA,” a continental security perimeter stretching from Mexico’s southern border to Canada’s northern one…. It’s a model being pioneered in Europe, where the European Union is currently expanding…. It took the events of September 11 for North America to get serious about building a fortress
continent of its own…. What we are seeing is the emergence of a genuinely new New World Order…
Lincoln P. Bloomfield, March 10, 1962. Corporate Author: INSTITUTE FOR DEFENSE ANALYSES, ALEXANDRIA, VA. Prepared for IDA in support of a study submitted to the Department of State under contract No. SCC 28270, February 24, 1961.
“A ‘normal’ historical process, in which ever-larger units evolve through customs unions, confederation, regionalism, etc., until ultimately the larger units coalesce under a global umbrella, could take up to two hundred years, on past performance figures, and even this may be optimistic….
“I have suggested that an alternative road may bypass the main path of history, shortcircuiting the organic stages of consensus, value formation, and the experiences of common enterprise generally believed to underlie political community.
This relies on a grave crisis or war to bring about a sudden transformation in national attitudes sufficient for the purpose.
According to this version, the order we examine may be brought into existence as a result of a series of sudden, nasty, and traumatic shocks.…”Thus a hypothetical model can be constructed, fulfilling the characteristics of “a world effectively controlled by the United Nations.”….We concluded that in theory it could come about in the short, medium, or long run by a brink of war — or a war — combined with the development of evolutionary trends that might favor it as the time span stretches out.” http://oai.dtic.mil/oai/oai?verb=getRecord&metadataPrefix=html&identifier=AD0277087 Read full document…
Robert Pastor, a leading intellectual force in the move to create an EU-style North American Community, told WND he believes a new 9/11 crisis could be the catalyst to merge the U.S., Mexico and Canada. In May 2005, Pastor was co-chairman the Council on Foreign Relations task force that produced a report entitled “Toward a North American Community” which he has claimed is the blueprint behind the SPP declared by President Bush, Mexico’s then-President Vicente Fox, and Canada’s then-Prime Minister Paul Martin.
….”The 9/11 crisis made Canada and the United States redefine the protection of their borders,” Pastor explained. “The debt crisis in Mexico forced the government to adapt a new economic model. The crises oblige the governments to make difficult decisions.”
U.S., Mexico, Canada Agree to Increase Cooperation
….The three announced an initiative dubbed the “Security and Prosperity Partnership of North America,” [SPP] which is designed to establish a common continental security perimeter against outside threats while facilitating the legal flow of people and trade across shared borders and increasing cooperation on energy, the environment and bioterrorism.
Among other things, the three governments agreed to develop standardized rules for screening people and cargo arriving in North America, regardless of which country is the first point of entry…. But against the backdrop of security concerns, the three leaders [George Bush, Vicente Fox, Paul Martin] said they want to build on NAFTA and enhance economic integration to better compete against surging competitors such as the European Union, China and India. “North America should be the most competitive region in the world,” Fox said.
North American Economic Integration – Policy Options
[Mexican President] Vicente Fox voiced support for a European Union of North America, an institutional arrangement that would eventually result in the creation of a common market, the free movement of labor, and a common currency. Professor Robert Pastor of American University supports the creation of a North American Commission, a North American Parliamentary Group, and a permanent North American Court on Trade and Investment to replace the current NAFTA panels.
….In a recent survey, about a third of Canadian business leaders supported an EU-style integration in North America…. A 2002 report released by the Canadian House of Commons’ Standing Committee on Foreign Affairs …strongly endorses closer economic and security ties, including the formation of a security perimeter and perhaps even the establishment of a North American court dealing with trade and investment issues.
….Top officials know that proposals leading to major deviations from the status quo would have to originate in Canada or Mexico and not in the hegemon that physically separates the two. Canadians historically have worried about the possibility of economic integration leading to political integration…
CSIS founder: former Secretary of Defense David M. Abshire. Chairman: former U.S. Senator Sam Nunn. President and CEO: former Deputy Secretary of Defense John J. Hamre. Zbigniew Brzezinski is counselor and trustee and co-chairs the CSIS Advisory Board. A link to this report was posted on the U.S. Embassy-Canada website until 2008.
Building a North American Community
Independent Task Force on North America,
Sponsored by the Council on Foreign Relations (CFR), May 2005
….To that end, the Task Force proposes the creation by 2010 of a North American community to enhance security, prosperity, and opportunity. We propose a community based on the principle affirmed in the March 2005 Joint Statement of the three leaders that ‘‘our security and prosperity are mutually dependent and complementary.’’ Its boundaries will be defined by a common external tariff and an outer security perimeter within which the movement of people, products, and capital will be legal, orderly, and safe.
….Lay the groundwork for the freer flow of people within North America ….A long-term goal for a North American border action plan should be joint screening of travelers from third countries at their first point of entry into North America and the elimination of most controls over the temporary movement of these travelers within North America.
Task Force co-chairmen: former Massachusetts Governor William Weld, former Finance Minister Pedro Aspe of Mexico, and former Deputy Prime Minister John Manley of Canada.
Harper, Obama expected to authorize sweeping overhaul of Canada-U.S. security
Toronto Star, February 2, 2011 OTTAWA — After months of secret negotiations, Prime Minister Stephen Harper and U.S. President Barack Obama are expected Friday to authorize the most sweeping overhaul of Canada-U.S. border and security cooperation in decades….The deal…could pose the biggest challenge to Canadian sovereignty since the free-trade negotiations of the 1980s….It would essentially see Canada and the U.S. moving toward a shared security perimeter around the two countries.….It calls for closer cooperation among police, security and military officials, as well as shared border management facilities, increased exchanges of law enforcement information and enhanced cooperation by authorities on both sides of the border to verify travellers’ identities…
Google | AFP, May 20, 2011
WASHINGTON (AFP) – Senator John McCain said Thursday the United States should “move urgently” to establish free trade agreements with Egypt and Tunisia but cautioned against increased spending in the region.
….”We should move urgently to begin negotiations on free trade agreements with Egypt and Tunisia — and to explore ideas for new free trade areas in the Middle East and North Africa.”
…But McCain said the first regional objective should be the “peaceful change of regimes that are irreconcilably tyrannical, anti-American and hostile to the democratic regional order that we seek to build,” referring chiefly to Iran.
Full speech: Remarks by Senator John McCain at the Dean Acheson Lecture at U.S. Institute of Peace
The New York Times, January 31, 2010 http://www.nytimes.com/2010/02/01/world/americas/01au.html
…. “I do not believe we can achieve something concrete in the coming future,” said Colonel Qaddafi, before introducing President Bingu wa Mutharika of Malawi as his successor at the African Union’s annual summit meeting, held in Addis Ababa. “The political elite of our continent lacks political awareness and political determination. The world is changing into 7 or 10 countries, and we are not even aware of it.”
….Colonel Qaddafi did not leave the lectern before giving the microphone to an unnamed representative of a Libyan-sponsored group of African traditional leaders who had crowned him “King of Kings” in a ceremony in 2008.
From his autobiography, Memoirs (New York: Random House, 2002) p. 405
“Some even believe we are part of a secret cabal working against the best interests of The United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”
Rockefeller was chairman of the Council on Foreign Relations,1970-1985. He is now honorary chairman.