| by JD Nutt, IG Web-Editor |
| How the Council of Foreign
Relations has seduced all parts of the government of the United States to betray it's citizens with speculation of monetary integration. |
| (Archived Report) - Sunday, November 26th, 2007 -
Oklahoma City, OK. – The Council on Foreign Relations has
introduced speculation of the monetary integration of the Amero Dollar by
extending the publication of "Regional Monetary
Integration". |
| Author Peter
B. Kenen , Adjunct Senior Fellow in international economics at the
Council on Foreign Relations and Ellen Meade, Associate Professor, American
University have penned "Regional Monetary Integration". The
publication surveys the prospects for regional monetary integration in
various parts of the world. |
| Beginning with a brief review of the theory of
optimal currency areas, it goes on to examine the structure and
functioning of the European Monetary Union, then turns to the prospects
for monetary integration elsewhere in the world such as North America, South
America, and East Asia. |
| "Regional Monetary
Integration" emphasizes the economic and institutional requirements
for successful monetary integration, including the need for a single
central bank in the case of a full-fledged monetary union and the
corresponding need for multinational institutions to safeguard the
bank’s independence and assure its accountability. |
| The book concludes with a chapter on the
implications of monetary integration for the United States and the U.S.
dollar. Inside the book cover, it states the book was first published in
2008. Noting that chapter five deals with "Monetary Union in the
Americas", and chapter seven is titled "The Outlook and
Implications for the United States". |
| Pages 102 and 103 provide exchange rate
classifications. When the Euro dollar was introduced in Germany in 1999,
the citizens were led to believe that the exchange rate would be one to
one. While they may have received this exchange rate at the banks, the
retailers and merchants drove the price of goods up. Retail items that
once may have been purchased for 10 DM, weeks later sold for 15 Euros
due to currency imbalances. When the Euro dollar was introduced, .75 cents
would buy one Euro dollar. Today the cost is $1.49. |
| At the Council of Foreign Relations website,
the publication "Regional Monetary Integration" is listed in
their book section for sale in the amount of 24.99 US dollars. The book is
also available thru Amazon.Com. |
| Charles Goodhart, of the
London School of Economics provided his surmise on the
publication... |
| “This book provides
a clear and balanced account of the analytics, historical
record, current state, and future outlook for countries adopting
some form of regional monetary integration, ranging from a
currency board system through de jure dollarization to a single
currency area, such as the euro zone. Given the practical and
political importance of the subject, the clarity of presentation
(no thickets of equations), and the wisdom of the authors, this
is a book that should be very widely read, by students,
practitioners, and policy makers, as well as by other
academics.” - Charles Goodhart |
|
| "Regional Monetary
Integration" is nothing more than a roadmap for the removal of the
United States Dollar and replacing it with the Amero Dollar which has been
minted at the US
Denver Mint. |
| According to Goldman Sachs and Deutsche
Bank, by the year 2010, the annual growth in combined national income from
Brazil, Russia, India, and China (the so-called BRIC countries) will be
greater than that from the United States, Japan, Germany, the United
Kingdom, and Italy combined. |
| The Middle East
Economic Survey published a report in March 2007, on the Gulf
Cooperation Council (GCC) monetary union. The six Gulf States (Bahrain,
Kuwait, Oman, Qatar, Saudi Arabia and the UAE) plan to introduce a single
currency by 2010. |
| On November 12th, 2007, Deutsche Bank
officially opened its new branch in the Qatar Financial Centre, from where
it will be offering investment banking and Private Wealth Management
services. |
Consequently, their will be no need for
an American Dollar on the international market as we know it today.
Ergo... the Amero.
|
| Report Source(s): |
| http://www.cfr.org/ |
| http://www.db.com/index_e.htm |
| http://www2.goldmansachs.com/ |
| http://www.mees.com/postedarticles/oped/v50n13-5OD02.htm |
| http://www.cfr.org/publication/14534/regional_monetary_integration.html |
