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"People have so manipulated the concept of freedom, that it finally boils down to the right of the stronger and richer to take from the weaker and poorer whatever they have left."

God I pray they do this maybe it will finaly be the straw that broke the camels back. And the American people will finaly get off there ass bypass the voting stands and storm the capital by the millions and take back our country one way or another. No more lies and false promises and raping us in our sleep.

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When you came into this world you cried.
Live your life so that when you die.
The world cries. the shadow

In an interview with CNBC, a vice president for a prominent London investment firm yesterday urged a move away from the dollar to the "amero," a coming North American currency, he said, that "will have a big impact on everybody's life, in Canada, the U.S. and Mexico."

Steve Previs, a vice president at Jefferies International Ltd., explained 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."

The aim, he said, according to a transcript provided by CNBC, is to make a "borderless community, much like the European Union, with the U.S. dollar, the Canadian dollar and the Mexican peso being replaced by the amero."

Previs told the television audience many Canadians are "upset" about the amero. Most Americans outside of Texas largely are unaware of the amero or the plans to integrate North America, Previs observed, claiming many are just "putting their head in the sand" over the plans.

CNBC asked Previs whether he thought NAFTA was "working and doing enough."

He replied: "Until it created a lot of illegal immigrants coming across the border. I don't know. You get the pros and cons on NAFTA. For some people it is a good thing, and for other people it has been a disaster."

The speculation on the future of a new North American currency came amid a major U.S. dollar sell-off worldwide that began last week.

Yesterday, the dollar also reached new multi-month low against the euro, breaking through the $1.30 per euro technical high that had held since April 2005.

At the same time, the Chinese central bank set the yuan at 7.0402 per dollar, the highest level since Beijing established a new currency exchange system in 2005 that severed China's previous policy of tying the value of the yuan to the U.S. dollar.

Many analysts worldwide attributed the dramatic fall in the value of the U.S. dollar at least partially to China's announcement last week that it would seek to diversify its foreign exchange currency holdings away from the U.S. dollar. China recently has crossed the threshold of holding $1 trillion in U.S. dollar foreign-exchange reserves, surpassing Japan as the largest holder in the world.

Barry Ritholtz, chief market strategist for Ritholtz Research & Analytics in New York City, in a phone interview, characterized today's downward move of the dollar as "wackage," a new word he coined to convey that the dollar is being "whacked" in this current market movement.

Ritholtz told WND that yesterday's downward move "was a major market correction that points to the risk of subsequent downside to the dollar."

Asked whether he would characterize the dollar's downside move as signaling a possible collapse, Mr Ritholtz told WND, "Not yet."

Ritholtz pointed out market professionals had long looked at a dollar collapse as a "low probability event," but the recent fall suggests "the probabilities have increased of a major dollar correction, or even of a collapse."

U.S. trade imbalances with China have hit a record $228 billion this year, largely reflecting a surging flow of containers from China with retail goods headed for the U.S. mass market.

Secretary of Commerce Carlos Gutierrez is in Bejing leading a trade delegation of more than two dozen U.S. business executives.

"The future should be focused on exporting to China," Guiterrez told reporters in Bejing, noting that this year, U.S. exports to China are up 34 percent on a year-to-year basis, surpassing last year's gain of 20 percent.

One way to improve the U.S. trade imbalance may be to ease up on restrictions of exporting high-tech products and allowing technology transfers to China, a move likely to be politically charged in the U.S.

The decline in value of the dollar will also make U.S. exports more attractive and Chinese exports to the U.S. more expensive.

In February 2007, a virtually unprecedented top-level U.S. economic mission is scheduled to travel to China. Included in the mission are Treasury Secretary Henry Paulson, Jr., Secretary of Commerce Carlos Gutierrez and Federal Reserve Chairman Ben Bernanke.

Previs declined to be interviewed for this article, saying in an e-mail he did not want to be quoted directly in any article that may express a political point of view.

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"People have so manipulated the concept of freedom, that it finally boils down to the right of the stronger and richer to take from the weaker and poorer whatever they have left."

Let me know when shadow , I will meet you there.

I think nothing short of revolution , is going to straighten this country out. I gave up on a peaceful solution to get rid of the crooks and liars in washington after the 2004 elections.

I heard one of the Bush cronies testifying before congress a couple of weeks ago. he actually said that the state department estimates that the US will be a super power for the next fifteen years , after that they think China will be the worlds only super power.

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American Politics and More the forum for smart people.

http://americanpoliticsandmore.com/forum/index.php

No sence pointing the finger at the one that STARTED N.A.F.T.A is there?...........Oh wait! B.J. is your hero isn't he?

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How soon do we get our rebates, free health care, lower taxes, better schools, and cheap energy?

Diz... dude... wake up! Are you telling me that you completely unaware of the cozy relationship the Clintons have with the senior Bushes? Do you really believe that legislation could have been passed to put all of this into motion , without most of us hearing about it without complicit cooperation from BOTH parties?

Clinton, Bush, Cheney, Gore... it doesn't matter.

When George Bush said "I'm a uniter not a divider", he wasn't talking about the political and financial elite. NOT the American people or any part of them. They all (most of them) right and left, stand united behind closed doors, and perpetuate a division amongst the people through largely meaningless issues and media manipulation. Most of which would go away if the real main players were brought down. These players most likely are NOT household names.

I say it's time for US to say, "you're either with Us or against Us", to our elected public servants. Very few of these congressional folk were against this plan, but some were scripted to be so. And the pot stirrers, as always, leap on anything wither side says and collects fat ass paychecks for giving you the impression that ANY part of the government in on your side.

You have chosen to follow FALSE LEADERS.

It's just not that hard to find common ground with your fellow Americans.

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S.O.S. ------ United We Stand, Divided We Fall

Huh, guess he wasn't lying after all....

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S.O.S. ------ United We Stand, Divided We Fall

"Ritholtz pointed out market professionals had long looked at a dollar collapse as a "low probability event," but the recent fall suggests "the probabilities have increased of a major dollar correction, or even of a collapse.""

>>>Funny, the dollar was just strong as could be 7 years ago. I think it took a concerted, conscious effort by those "Reagan-proved-deficits-don't-matter" folks to fuck things up this badly.

Not at all. I was simply pointing out to wvpeach that what is happening today is NOT the full responsibility of GWB. Lets look back at how this ball started to roll, THEN point fingers.

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How soon do we get our rebates, free health care, lower taxes, better schools, and cheap energy?

Yes, I understand what you are trying to say, but...

What I'm saying is, it wouldn't have mattered WHO was president, anyone from either of the two main parties, (of course we know Perot wouldn't have, lol) would have allowed this to pass. Our politicians are NOT the ones writing the script for this.

With everything happening in the financial markets;

The Chinese holding $1 trillion (that's a "T" folks) in dollar reserves (the largest holder of American currency) surpassing the Japanese.

The threat of the official oil currency being moved to the Euro as opposed to the dollar.

The mortgage bundling blunder.

The HUGE deficits we are incurring (for what ever reason).

You don't find the manipulation of our currency just a little bit queer, even leaving the "Amero" out of it?

Maybe you can blow off the trans American super corridor, maybe you can stick your head in the sand about the North American Union, but you've gotta know something is up when we're talking about changing currencies.

And excuse me for saying so, but looking back to try and figure this out is a waste of time if you are looking to point fingers at politicians. Who has the most to gain from these actions? Follow the money. It's REALLY simple.

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S.O.S. ------ United We Stand, Divided We Fall