Friday, October 26, 2007

U.S. Currency and it's effect on us.


It's finally happened, we've become more Mexican than you can imagine and it's not just from illegal immigrants crossing our borders. Remember the days when our leaders told us they supported a strong dollar? You don't hear that any more do you. That must mean that President Bush and his Administration favors a weak dollar because that is what we have. Think about this analogy, our currency today compared to the EU is 43% lower and dropping. We are becoming the cheap nation to visit for tourists. That's what Mexico used to be. The peso use to be so cheap, many Americans took vacation in Mexico. Now the table has turned and the U.S is becoming the Mexico for Europeans. This is part of a larger scheme to make the America's one large trading block with one currency, a cheap one!

Here's another piece of data you won't want to miss from an interview of Vicente Fox interview Oct. 8th on CNN's Larry King Live and some background:

Former Mexican President Vicente Fox confirmed the existence of a government plan to create the amero as a new regional currency to replace the U.S. dollar, the Canadian dollar and the Mexican peso, in an interview Oct. 8th 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 to create a regional currency. Fox explained the current regional trade agreement is intended to evolve into other previously hidden aspects of integration.

According to a 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, admitting he and President Bush had agreed to pursue the Free Trade Agreement of the Americas – a free-trade zone extending throughout the Western Hemisphere – and that part of the plan was to institute a regional currency from Canada to the tip of South America.

"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."


To read the entire CNN transcript click here.

This means the money you have saved this past 10 years has lost about 50% of its worth in the world. It also means inflation is right around the corner! Scary thought isn't it. President Bush can do even more damage as he has still one year left in office. It only took 7 years to ruin us for 3 generations. Think what one more year of his leadership will do. Hmmm, what about

Labels: , , , , , , , ,

0 Comments:

Post a Comment

<< Home

Technorati Profile