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New information on the coming Amero currency

Former Mexican President Vicente Fox confirmed the existence of a plan conceived with President Bush to create a new regional currency in the Americas, in an interview last night on CNN's "Larry King Live."

It possibly was the first time a leader of Mexico, Canada or the U.S. openly confirmed a plan for a regional currency. Fox explained the current regional trade agreement that encompasses the Western Hemisphere is intended to evolve into other previously hidden aspects of integration.

According to al transcript published by CNN, King, near the end of the broadcast, asked Fox a question e-mailed from a listener, a Ms. Gonzalez from Elizabeth, N.J.: "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"

Fox answered in the affirmative, indicating it was a long-term plan. He admitted he and President Bush had agreed to pursue the Free Trade Agreement of the Americas - a free-trade zone extending throughout the Western Hemisphere, suggesting part of the plan was to institute eventually a regional currency.

"Long term, very long term," he said. "What we proposed together, President Bush and myself, it's ALCA, which is a trade union for all the Americas." ALCA is the acronym for the Area de Libre Comercio de las Américas, the name of the FTAA in Spanish.

King, evidently startled by Fox's revelation of the currency, asked pointedly, "It's going to be like the euro dollar (sic), you mean?"

"Well, that would be long, long term," Fox repeated.

Fox noted the FTAA plan had been thwarted by Hugo Chavez, the radical socialist president of Venezuela.

"Everything was running fluently until Hugo Chavez came," Fox commented. "He decided to combat the idea and destroy the idea."

Fox explained that he and Bush intended to proceed incrementally, establishing FTAA as an economic agreement first and waiting to create an amero-type currency later - a plan he also suggested was in place for NAFTA itself.

"I think the process to go, first step is trading agreement," Fox said. "And then further on, a new vision, like we are trying to do with NAFTA."

Fox's reply to the CNN viewer was captured in a clip posted on YouTube.com. CNN posted video of the interview but did not include the segment with questions from viewers.

Last week, WND reported BankIntroductions.com, a Canadian company that specializes in global banking strategies and currency consulting, is advising clients the amero may be the currency of North America within 10 years.

Coin designer Daniel Carr has issued for sale a series of private-issue fantasy pattern amero coins that have drawn attention on the Internet.

WND also reported the African Union is moving down the path of regional economic integration, with the African Central Bank planning to create the "Gold Mandela" as a single African continental currency by 2010.

The Council on Foreign Relations has supported regional and global currencies designed to replace nationally issued currencies.

In an article in the May/June issue of Foreign Affairs, entitled "The End of National Currency," CFR economist Benn Steil asserts the dollar is a temporary currency.

Steil concluded "countries should abandon monetary nationalism," moving to adopt regional currencies, on the road to a global "one world currency."

WND previously reported Steve Previs, a vice president at Jeffries International Ltd. in London, said the amero "is the proposed new currency for the North American Community which is being developed right now between Canada, the U.S., and Mexico."

A video clip of the CNBC interview in November with Jeffries is now available at YouTube.com.

WND also has reported a continued slide in the value of the dollar on world currency markets could set up conditions in which the adoption of the amero as a North American currency gains momentum.


Jerome Corsi joined Glenn Beck on CNN last night to discuss a possible regional currency (amero) between the U.S. and Mexico.

Video: Corsi Talks About The ‘Amero’

click here


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Columbus day history lesson

Columbus Day - As Rape Rules Africa and American Churches Embrace Violent ‘Christian’ Video Games

by Thom Hartmann


“Gold is most excellent; gold constitutes treasure; and he who has it does all he wants in the world, and can even lift souls up to Paradise.”

– Christopher Columbus, 1503 letter to the king and queen of Spain.

“Christopher Columbus not only opened the door to a New World, but also set an example for us all by showing what monumental feats can be accomplished through perseverance and faith.”

–George H.W. Bush, 1989 speech

If you fly over the country of Haiti on the island of Hispaniola, the island on which Columbus landed, it looks like somebody took a blowtorch and burned away anything green. Even the ocean around the port capital of Port au Prince is choked for miles with the brown of human sewage and eroded topsoil. From the air, it looks like a lava flow spilling out into the sea.

The history of this small island is, in many ways, a microcosm for what’s happening in the whole world.

When Columbus first landed on Hispaniola in 1492, virtually the entire island was covered by lush forest. The Taino “Indians” who loved there had an apparently idyllic life prior to Columbus, from the reports left to us by literate members of Columbus’s crew such as Miguel Cuneo.

When Columbus and his crew arrived on their second visit to Hispaniola, however, they took captive about two thousand local villagers who had come out to greet them. Cuneo wrote: “When our caravels… where to leave for Spain, we gathered…one thousand six hundred male and female persons of those Indians, and these we embarked in our caravels on February 17, 1495…For those who remained, we let it be known (to the Spaniards who manned the island’s fort) in the vicinity that anyone who wanted to take some of them could do so, to the amount desired, which was done.”

Cuneo further notes that he himself took a beautiful teenage Carib girl as his personal slave, a gift from Columbus himself, but that when he attempted to have sex with her, she “resisted with all her strength.” So, in his own words, he “thrashed her mercilessly and raped her.”

While Columbus once referred to the Taino Indians as cannibals, a story made up by Columbus - which is to this day still taught in some US schools - to help justify his slaughter and enslavement of these people. He wrote to the Spanish monarchs in 1493: “It is possible, with the name of the Holy Trinity, to sell all the slaves which it is possible to sell…Here there are so many of these slaves, and also brazilwood, that although they are living things they are as good as gold…”

Columbus and his men also used the Taino as sex slaves: it was a common reward for Columbus’ men for him to present them with local women to rape. As he began exporting Taino as slaves to other parts of the world, the sex-slave trade became an important part of the business, as Columbus wrote to a friend in 1500: “A hundred castellanoes (a Spanish coin) are as easily obtained for a woman as for a farm, and it is very general and there are plenty of dealers who go about looking for girls; those from nine to ten (years old) are now in demand.”

However, the Taino turned out not to be particularly good workers in the plantations that the Spaniards and later the French established on

Hispaniola: they resented their lands and children being taken, and attempted to fight back against the invaders. Since the Taino where obviously standing in the way of Spain’s progress, Columbus sought to impose discipline on them. For even a minor offense, an Indian’s nose or ear was cut off, se he could go back to his village to impress the people with the brutality the Spanish were capable of. Columbus attacked them with dogs, skewered them with pikes, and shot them.

Eventually, life for the Taino became so unbearable that, as Pedro de Cordoba wrote to King Ferdinand in a 1517 letter, “As a result of the sufferings and hard labor they endured, the Indians choose and have chosen suicide. Occasionally a hundred have committed mass suicide. The women, exhausted by labor, have shunned conception and childbirth… Many, when pregnant, have taken something to abort and have aborted. Others after delivery have killed their children with their own hands, so as not to leave them in such oppressive slavery.”

Eventually, Columbus and later his brother Bartholomew Columbus who he left in charge of the island, simply resorted to wiping out the Taino altogether. Prior to Columbus’ arrival, some scholars place the population of Haiti/Hispaniola (now at 16 million) at around 1.5 to 3 million people. By 1496, it was down to 1.1 million, according to a census done by Bartholomew Columbus. By 1516, the indigenous population was 12,000, and according to Las Casas (who were there) by 1542 fewer than 200 natives were alive. By 1555, every single one was dead.

This wasn’t just the story of Hispaniola; the same has been done to indigenous peoples worldwide. Slavery, apartheid, and the entire concept of conservative Darwinian Economics, have been used to justify continued suffering by masses of human beings.

Dr. Jack Forbes, Professor of Native American Studies at the University of California at Davis and author of the brilliant book “Columbus and Other Cannibals,” uses the Native American word wétiko (pronounced WET-ee-ko) to describe the collection of beliefs that would produce behavior like that of Columbus. Wétiko literally means “cannibal,” and Forbes uses it quite intentionally to describe these standards of culture: we “eat” (consume) other humans by destroying them, destroying their lands, taking their natural resources, and consuming their life-force by enslaving them either physically or economically. The story of Columbus and the Taino is just one example.

We live in a culture that includes the principle that if somebody else has something we need, and they won’t give it to us, and we have the means to kill them to get it, it’s not unreasonable to go get it, using whatever force we need to.

In the United States, the first “Indian war” in New England was the “Pequot War of 1636,” in which colonists surrounded the largest of the Pequot villages, set it afire as the sun began to rise, and then performed their duty: they shot everybody-men, women, children, and the elderly-who tried to escape. As Puritan colonist William Bradford described the scene: “It was a fearful sight to see them thus frying in the fire and the streams of blood quenching the same, and horrible was the stink and scent thereof; but the victory seemed a sweet sacrifice, and they [the colonists] gave praise therof to God, who had wrought so wonderfully…”

The Narragansetts, up to that point “friends” of the colonists, were so shocked by this example of European-style warfare that they refused further alliances with the whites. Captain John Underhill ridiculed the Narragansetts for their unwillingness to engage in genocide, saying Narragansett wars with other tribes were “more for pastime, than to conquer and subdue enemies.”

In that, Underhill was correct: the Narragansett form of war, like that of most indigenous Older Culture peoples, and almost all Native American tribes, does not have extermination of the opponent as a goal. After all, neighbors are necessary to trade with, to maintain a strong gene pool through intermarriage, and to insure cultural diversity. Most tribes wouldn’t even want the lands of others, because they would have concerns about violating or entering the sacred or spirit-filled areas of the other tribes. Even the killing of “enemies” is not most often the goal of tribal “wars”: It’s most often to fight to some pre-determined measure of “victory” such as seizing a staff, crossing a particular line, or the first wounding or surrender of the opponent.

This wétiko type of theft and warfare is practiced daily by farmers and ranchers worldwide against wolves, coyotes, insects, animals and trees of the rainforest; and against indigenous tribes living in the jungles and rainforests. It is our way of life. It comes out of our foundational cultural notions.

So it should not surprise us that with the doubling of the world’s population over the past 37 years has come an explosion of violence and brutality, and as the United States runs low on oil, we are now fighting wars in oil-rich parts of the world. It shouldn’t surprise us that our churches are using violent “kill the infidels” video games to lure in children, while in parts of Africa contaminated by our culture and rich in oil (Congo) rape has become so widespread as to make the front page of yesterday’s New York Times.

These are all dimensions, after all, our history, which we celebrate on Columbus Day. But if we wake up, and we help the world wake up, it need not be our future.

Excerpted and slightly edited from “The Last Hours of Ancient Sunlight: The Fate of the World and What We Can Do Before It’s Too Late,” a book by Thom Hartmann which helped inspire Leonardo DiCaprio’s new movie The 11th Hour. Hartmann’s most recent book is Cracking The Code: How to Win Hearts, Change Minds, and Restore America’s Original Vision. www.thomhartmann.com


Japan Nomura to exit US mortgage business, cut 400 jobs

TOKYO | Monday, Oct 15 2007 IST


Nomura Holdings, Japan's largest brokerage, said on Monday it would pull out of the U.S. residential mortgage-backed securities (RMBS) market and cut its U.S. work force by about 400, or 31 percent, to 900.

Restructuring charges and losses from its RMBS business are expected to force Nomura to post a group pretax loss of about 40-60 billion yen ($340-$511 million) for the July-September period, the company said.

The planned restructuring will result in a total charge of about 15 billion yen, but reduce its annual expenses by 25 billion yen, it said.

The company had been running down its balance of residential mortgage-backed securities, and had said it may pull out of the mortgage business as part of a reorganisation of its U.S operations.

In the second quarter through September, Nomura cut its U.S.

RMBS exposure to about 48 billion yen from 266 billion yen.

That has since shrunk to 14 billion yen, only 100 million yen of which is subprime-related, Nomura said.

Prior to the announcement, shares in Nomura closed down 0.5 percent at 2,080 yen, underperforming the Nikkei average, which gained 0.2 percent.


Nationalizing Western Industries

By Dennis Behreandt

Published: 2007-10-15 16:16



Karl Marx called for the centralization of "all instruments of production in the hands of the state." Sovereign wealth funds (SWFs) are beginning to put that goal of the Communist Manifesto within reach.

Follow this link to the original source: "America to press for restrictions on potent sovereign wealth funds"

Commentary from JBS.org

According to the London Times, "About half the shares in the London Stock Exchange are held by Qatar and Dubai." Shocking as that sounds, it is much worse if put in more pedestrian terms. To put it more bluntly, half the stock of private companies traded on the London exchange has been nationalized by two foreign countries. And this has happened with very little notice in the press, particularly in America.

More shocking still is that, so far, we've only seen the tip of the iceberg of this new type of nationalization of industry. Much more is on the way and it is all courtesy of the relatively new phenomenon of so-called sovereign wealth funds (SWFs). These are government run investment funds, flush with cash in the form of dollar and other reserves, that are now being used by the governments of several nations including Russia, China, Singapore, Qatar, and Dubai to make large investments in western corporations, ostensibly, like any other investor, to maximize returns on investments. In reality, the process represents a profound threat to both private property and to national sovereignty in the western nations.

The dollar amounts foreign governments can wield through SWFs are staggering. In September, the London Times reported that SWFs "currently manage about $2,600 billion (£1,300 billion) — eclipsing the $1,700 billion run by hedge funds. A further $4,400 billion is held in sovereign pension funds, which are likely to be managed by sovereign-wealth funds in the coming years."

At present, SWFs control as much as 2.6 percent of all global assets. In 15 years it is expected that they will manage as much as $27,000 billion, or nearly 10 percent of all global assets. These are no less huge considered individually. China, the London Times reports, "is creating a $300 billion fund that some believe could grow by a mind-boggling $250 billion to $300 billion a year." These, it should be remembered, are billions of dollars that the Chinese Communist government, through its SWFs, will be using to purchase shares of western companies. To the extent that China purchases controlling interest in the companies whose stocks it is purchasing, the Chinese government will, in effect, be nationalizing western industries.

It's not just China, of course. This analysis applies to all foreign governments operating SWFs. And they present a serious threat, according to Yale School of Management professor Jeffrey Garten. "These funds are going to have the ability to buy any global company, to create panic in markets if they move too precipitously, even to dwarf the political clout of international financial institutions," Garten wrote, according to the London Times.

In essence, this is a crisis of our own making, as explained by Robert Blumen of the free market economics think tank, the Ludwig von Mises Institute. When American consumers purchase goods made in China, their dollars eventually find their way to the Chinese manufacturers. But these dollars must be exchanged for Chinese currency, the renminbi, so that Chinese workers can be paid. According to Blumen, "Over time, the supply of dollars and the demand for renminbi would push renminbi's exchange rate higher, in terms of dollars. To prevent this, the Bank of China must purchase dollars and sell renminbi."

By keeping the renminbi spigot turned on, the value of the Chinese currency remains artificially low, keeping Chinese products cheap in the U.S. market. That keeps dollars flowing to China. According to Blumen:

As the central banks of China and other Asian nations carried out their policy of quasi-pegged, below-market exchange rates, they have accumulated a vast fund of US dollars. The reserves were acquired not because the central bank saw any good reason to fund the bottomless pit that is the US government, but as a necessary consequence of their trade policy. There would be no way for the central bank to unload its dollar reserves without defeating their original purpose. Stuck with their dollars, central banks have nothing better to do than to buy US Treasury debt, which at least pays them a minimal rate of interest.

Now, however, using SWFs, the Chinese government can funnel excess currency reserves into private equities rather than purchase low yield U.S. Treasury debt. This gives the Chinese government, or any other government using this mechanism, the ability to nationalize western industry.

Karl Marx would be proud.

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