Tuesday, October 21, 2008

New Tri-Polar Currency Emerging

This essentially means that the hegemony of the US dollar is going to end. Taken from Bloomberg:
European Central Bank council member Ewald Nowotny said a "tri-polar'' global currency system is developing between Asia, Europe and the U.S. and that he's skeptical the U.S. dollar's centrality can be revived.

"What I see is a system where we have more centers of gravity'' Nowotny said today in an interview with Austrian state broadcaster ORF-TV. "I see for the future a tri-polar development, and I don't think that there will be fixed exchange rates between these poles.''
Nowotny doesn't think "there will be fixed exchange rates between these poles." In other words, North America, Europe, and Asia would share a single currency. There is already a European Union which has the euro, but what about North America and Asia? Are we going to see a North American Union and the creation of the "amero"?

In 2005, the White House engaged in the Security and Prosperity Partnership for North America, or SPP. They deceptively call it a "North American Partnership", and its goal is to "increase security and enhance prosperity among the three countries." They say the SPP is not an agreement nor is it a treaty and no agreement was ever signed, but it is only a dialogue between Canada, the US, and Mexico. Interestingly, there is a "Myth vs Facts" page on the SPP website that I suggest you read.

I believe Alex Jones points it out succinctly in these three short videos the plans for creating a global currency. The fascinating point here is that he cites mainstream articles, e.g. Bloomberg, AP, and yet some people brush him off as a conspiracy theorist. It's not a conspiracy theory if it's in the mainstream media!

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