A New Currency for the North American Monetary Union: The Amero?

The debates over the future of the euro must be revised in the light of the North American Amero project. By itself destroying the dollar, the United States could bankrupt some of the current holders of the currency. They could also officialize a vast currency zone and propose its fusion with that of the euro. If it were to happen, the project of the Amero would indicate a major change in United States policy, which would further privilege its continental base in its world conquest.

In one day, the ruble lost more than 20 percent to the dollar and the euro; at the same time, Serguëi Griniaïev — director general of the Center for Studies and Strategic Forecasts of Russia — announced that the United States is preparing to adopt a new currency, the Amero, for when the dollar bubble bursts. He suspects that the mission of U.S. forces is not to defend the United States, but to create the conditions that would allow the U.S. currency to circulate throughout the whole world — in other words, to protect organized crime on an international scale.

For him, the dollar bubble will burst as soon as the Pentagon’s military spending exceeds the revenues obtained by the Federal Reserve through the sale of virtual products.

In an interview with the Russian site Svobodnaya Pressa, which quotes Russia Today — the site that is more and more widely read throughout the world because it is a solid alternative to the quasi-monopoly of Israeli-Anglo-Saxon multimedia — Grinaïev asserts that the rejection of the dollar will be synchronized with the transition toward the new currency; that’s what his experts established based on verified information. He also considers that, according to an external estimate of the U.S. debt, when it [U.S. debt] exceeds a certain limit, it will be the end of the dollar: The limit is set at $60 billion of U.S. debt on the world market. For the moment, we are at about $18 billion. Beyond that, the sale of virtual products makes no economic sense.

The issue around the amount of U.S. debt is as controversial as it is vague because it depends on who is doing the accounts, and who is misleading. I remember a report from Wegelin — a now bankrupt Swiss bank — that classified the U.S. debt as sky-high: at 600 percent of the gross domestic product. The current official, but less credible, numbers are around 71.8 percent of the GDP, according to the CIA World Factbook.

The Russian experts in question bring up the fact that the dollar is a chameleon currency with a very concrete expiration date, and that the Amero could replace not only the U.S. dollar, but also the currencies of several countries in Latin America.

This characterization of the dollar as a chameleon currency comes from the fact that it exists as digital footprints on bank accounts, or in the form of a piece of paper that is worth a few cents, known as the 100-dollar bill. In a matter of seconds, it can be reinforced or depreciated.

Is the Pacific Alliance — made up of Mexico, Chile, Peru and Colombia, not to mention El Salvador, Panama and Ecuador, which already use the dollar, as well as the other countries of Central America and the Caribbean — going to adopt the Amero?

The experts predict that there will be an Amero zone that will, in addition, include Costa Rica, Honduras, Panama, Bermuda and Barbados.

Grinaïev claims that the Amero project has been around for decades and that it is the equivalent of the euro for North America; a successful transition toward the Amero would, for 20 years, allow the gross domestic product of the North Americans to increase by 33 percent at the expense of the North American Free Trade Agreement.

The monetary reform could be concretized in 2020, after the legal registration of North America — the United States-Canada-Mexico bloc — whose statutes mention a smooth transition from the dollar to the Amero.

U.S. strategists give a boost to the merger in sight, with a new point of view, according to a high-level committee of the Council on Foreign Relations, chaired by the retired general, David Petraeus of the KKR Global Institute, and by the former president of the World Bank, Robert Zoellick of Goldman Sachs, whose perspective seems to me to be the capitalization of the energy promises for North America and its platform for the Trans-Atlantic Trade and Investment Partnership in question. Tangentially, in the acknowledgments, people representing the U.S. were mentioned, such as Rafael Fernández de Castro of ITAM, a supporter of President Salinas Claudio X González and previously a board member of Televisa.

In 2008, I already touched on the topic of the Amero, which had been discussed quietly by the Council on Foreign Relations, the U.S., and the Fraser Institute of Canada, but which has not been open for debate in neoliberal Mexico, which, since the state’s summit, had imposed its projects and mirages, which are still completely unfulfilled to this day, with uninformed citizens: the ALÉNA, a partnership for safety and prosperity; the Merida Initiative on energy reform; the defunct free trade zone of the Americas project; and the Puebla-Panamá Plan. Will it be the Amero’s turn to be imposed by the summit on a surprised population, in an antidemocratic fashion without the people’s opinion, in “neoliberal Mexico?”

It is curious to see that high-level Russian strategists are paying attention to the project of the Amero, such as Igor Panarine — an important political analyst, professor of Russian diplomacy and expert on cyberwar — who had announced the collapse of the dollar and the balkanization of the United States in an interview with the daily newspaper Izvestia on Nov. 24, 2008:

“The dollar is not backed by anything. The external U.S. debt grew bigger on the scale of an avalanche ... It is a pyramid about that’s about to collapse. "

For Panarine, the dollar is indeed buried and will be replaced by the Amero; it was in 2006 that a secret agreement was finalized between the U.S., Canada and Mexico to create a new currency unit. That could allow us to witness the preparations in progress to replace the dollar. Thus the 100-dollar bills, which flooded the world market, could be frozen on any day under the pretext that, for example, terrorists could forge them and that we should take them off the market to investigate. Panarine aimed for the jugular of the U.S., allowing us to see the profound link between U.S. finances, terrorists and the global trafficking of narcotics, which relates to the position held by Griniaev.

Then, in 2011, Russia Today wondered whether the Amero would be the new currency of mass destruction, and revealed the concrete approach of the North American monetary union, announced in 2005. In Texas, the leaders of the three countries — George W. Bush of the United States, Vicente Fox of Mexico and Prime Minister Paul Martin of Canada — gathered and declared the creation of the Alliance for the Safety and the Prosperity of North America.

Given that the world would be obliged to give up the U.S. dollar as the international reserve currency, Russia Today claims that the consequences would be unforeseeable and that the collapse of the world financial system will give different roles to the regional currencies. Consequently, the rates of exchange of the currencies will be practically impossible to anticipate, and the new currency, the Amero, will be the beginning of the apocalypse of the world economy.

Does the Mexican congress know about the existence of the secret agreement on the Amero signed by President Fox behind the back of the Mexican citizens?

Editor's note: This article was originally published in Spanish, and has been translated into French from Spanish and published on a French news source. This is a translation of the French text.