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Bible Prophecy Sequence Of Events

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1) God provides His Word in 66 books of the Bible; it is Scripture providing trustworthy revelations and promises for one to place faith in Jesus Christ, and to call on His name, and be saved.
The Genealogy of Jesus is found in 42 families in Matthew 1:1-17 where there are 3 groups of 14 families; and 72 in Luke 3:32-38. Of note there were four gentile harlots: Tamar, a victim of incest; Rahab, a prostitute; Ruth, a Moabitess; and Bathsheba, a victim of rape.

Chuck Missler in Hidden Treasures in the Biblical Text, comments on Genesis Chapter 5, relating that God appointed ten patriarchs whose names herald the role, nature and purpose of Jesus:
Adam ... Man
Seth ... Appointed
Enosh ... Mortal
Kenan ... Sorrow
Mahelalel ... The Blessed God
Jared ... Shall come down
Enoch ... Teaching
Methuselah ... His death shall bring
Lamech ... The despairing
Noah ... Comfort, Rest

Putting all the names in sequence we have: Adam Seth Enosh Kenan Mahelalel Jared Enoch Methuselah Lamech Noah. The hebrew translated into English reads: Man Appointed Mortal Sorrow; The Blessed God Shall come down Teaching His death shall bring The Despairing Comfort.

Jehovah made eight covenants with Abraham.

In Leviticus chapter 23 there are 7 feasts which commemorate the important events of Israel's history and are also prophetic, that is a shadow of what is to come, but the substance is Christ. Colossians 2:16-17:

Passover - Points to His death on the cross so that all who have faith in his sacrifice may be "passed over" during God's judgment.

Unleavened Bread - This followed immediately after the Passover. Throughout the Bible, leaven, that is yeast, is used as a picture for sin. To remove all leaven is representative of removal of all sin through the sacrifice of Jesus.

First Fruit - Jesus is the "first fruit of the resurrection" (1 Corinthians 15:20). He is the first to have died and then risen to eternal life.

Pentecost - Celebrated on the first day of the week (7 Sabbaths + 1 day). The Holy Spirit was first poured out on the gathered disciples on the day of Pentecost.

Trumpets - Started on the first day of the 7th month. Trumpets are used as a alert to herald important announcements. This feast points to the second coming of Jesus. In Revelation chapters 8 and 9 we see the trumpets used by God to prepare the way for the return of His Son to the earth.

Atonement - Celebrated on the 10th day of the 7th month where every sin committed by the children of Israel was to be accounted for and removed by sacrifice. This points to the total removal of sin by the sacrifice of Jesus on the Cross.

Tabernacles - Began on the 15th day of the 7th month. The people lived in booths to remind them of the journey through the wilderness, and of the fact that the Messiah would tabernacle amongst us. People cut branches off trees and celebrated and rejoice before the Lord. This points to a time in the new Kingdom, as recorded in revelation 7:9-17, when there will be a great multitude from every nation who have been through the trial and tribulation, will celebrate before the Lord and thank Him for His salvation. It is also recorded in the book of Zechariah that everyone who is left of all the nations will celebrate this feast from year to year, as they worship the Lord at Jerusalem (Zechariah 14:16 - 19).

Thus the feasts of Israel are pointers to the life and work of Jesus throughout all ages.

Under the Old Covenant, God called for Sabbath, that is a day of rest, which was to be observed on a lunar new moon basis; rather than as now celebrated, on a weekly Saturday observance. God says that the people's Sabbaths, and the calling of assemblies, he cannot endure, as they are iniquity. Isaiah 1:13-14.

2) God chooses the schemer and dreamer Jacob to deal with mankind.
God is sovereign; He foresaw and foreknew all; He looked down the "hall way of time", and chose to work through Jacob not Esau. God said "Jacob I love; but Esau I hated". Romans 9:13

God has two kinds of vessels, the first vessel is found in Romans 9:20-23 and the second vessel in Isaiah 51:20 and I Thessalonians 5:9.

God uses these vessels to do his will. Jesus prayed that the Father's will be done. It is being done 24x7 through the faith of Jesus Christ.

Jacob schemed to usurp his older brother's rights and authority. Genesis. 25:20-26.

The older sells his birth right for a bowl of beans. Genesis 25:27-34

The usurper's mother deceives her husband and conspires to have The Blessing given to the underling, who with deceit, takes away the elder's birth right blessing. Genesis 27:11-39

God reaffirms the covenant made with his grandfather Abraham. Genesis. 28:10-15

Jacob confers blessings and prophesies the Lord's coming through Judah. Genesis 49:8-12

Dan prophesied to bear Lucifer's child to rule mankind Genesis. 49:16-18

The tribe of Dan is excluded from the List of Deliverance of Israel. Revelation 7:4-8

Joseph is assigned to have headship over his brothers. Genesis 49:22-26

3) Joseph reveals that his headship was ordered by God for good so that kindness be given unto them. Genesis 50:19-25

4) Joseph prophesies that God will visit his people. Genesis 50:25

5) Ephraim and Manessah are assigned special blessings.
Ephriam and Manessah are adopted by Jacob Genesis. 41:51-52.

I do have to say that just because God may have blessed the European Union, United Kingdom, Britain and the United States, as part of a blessing to Ephriam and Manessah, He may have done so or allowed this as part of His plan to raise up the European Union. and the US as a world power to acquired by the Sovereign and Seignior for their purposes of world domination. Great means powerful, it means domineering; it does not necessarily mean good and beneficial.

Excerpt from pages 385 to 389 of The "Lost" Ten Tribes of Israel...Found by Steven M. Collins as quoted by Servant News describing the doctrine of British Israelism.

Ephraim’s clans formed the backbone of the tribes which united to form the Parthian Empire, while one of the dominant tribes of the Sacae Scythians was the Massagetae (Manasseh). Even as the term "House of Israel" included the rest of the tribes of Israel who remained associated with Ephraim and Manasseh, the term "Sacae" was also applied to the tribes of Israel which were led by Ephraim and Manasseh (Parthia and Scythia) while in Asia.

When the Scythians and Parthians migrated to Europe, the names "SAChse," or "Saxons," ("Saac’s sons") remained upon them as they settled in the British Isles, but this name also remained on some related tribes who stayed on the mainland (i.e. "Saxony" in Germany and "Alsace" in France).

Jacob prophesied that Manasseh "shall become a people, and he also shall be great," but added that Ephraim’s descendants "shall be greater than [Manasseh], and his seed shall become a multitude of nations." Genesis 48:19

With these words Jacob prophesied that Manasseh and Ephraim would receive the blessing of Genesis 35:11 that the "birthright" promises would eventually include "a nation and a company of nations." Genesis 48:19 specifically foretold the descendants of Ephraim (the younger brother) would become the "multitude of nations" while Manasseh’s descendants would become the single great nation.

The modern nations which descended from an Anglo-Saxon heritage are England, the United States of America, Canada, Australia, and New Zealand. These nations have perfectly fulfilled all prophecies about the birthright tribes of Ephraim and Manasseh.

They easily fulfill the prophecy about large population. When you combine the populations of the above modern nations, they are, by far, the most numerous nations of the modern tribes of Israel. They have uniquely fulfilled the prophecy about becoming "a great nation" and a "company of nations." The single great nation is the United States of America and the Caucasian nations of the British Commonwealth (Great Britain, Canada, Australia, New Zealand) are the prophesied company of nations. Therefore, the "birthright" prophecies identify the United States as Manasseh, and the Caucasian nations of the British Commonwealth are identified as Ephraim.

Since Ephraim was to be the "greater" of the two, and received its birthright blessing first, we should expect that Ephraim would receive its inheritance before Manasseh. History fulfilled that expectation. Great Britain rose to international prominence before the United States, and was a major international power for centuries before being replaced by the United States in the post-World War II period.

At its zenith, the British Empire also ruled over many more nations and a far greater geographic area than the United States ever has. For a time, it was true that "the sun never set on the British Empire "because the British Empire ruled much of the world! At its zenith, it ruled over Great Britain, Ireland, Canada, Australia, New Zealand, South Africa, many Black African nations, Egypt, India, Pakistan, Bangladesh, Sri Lanka, Burma, Singapore, Hong Kong, Malaysia, eastern New Guinea, and any islands in Oceania.

It was without question, the most expansive empire in the history of our planet. According to the 1943 Edition of the Encyclopedia Britannica, the British Empire once ruled 13 million square miles of the earth’s land surface. (And that was before British rule was temporarily extended over Palestine, Jordan and Iraq after World War II!) Britain’s navies also controlled much of the world’s sea surface as well. "Britannia rules the waves" was a common axiom in Britain’s glory days. The British Empire inherited the "birthright" promises of controlling the "gate of its enemies" (strategic "chokepoints" such as the Suez Canal, Gibraltar, and the Cape of Good Hope). British ownership of the Falkland Islands controlled access around Cape Horn between the Atlantic and Pacific Oceans, and its colony in Singapore controlled the strategic Strait of Malacca between the Indian Ocean and the South China Sea.

The United States of America (Manasseh) inherited its "birthright" portion after Ephraim had inherited its dominant portion of the "birthright."

6) Jesus the Messiah is born in Bethlehem and The Work of Christ is finished on the Cross.
Micah 5:2; Matthew 2:1; John 19:30; 1 Corinthians 15:3

7) The Church Age unfolds.
Matthew 13; Ephesians 2; Revelation 2-3 The seven churches in the Book of Revelation are representative of the Church Age. John is speaking of seven actual first century churches and of the churches throughout the Church age. There is a likeness between these churches and the periods of church history: Ephesus (30-100 A.D.)

Smyrna (100-313 A.D.) Roman Persecution of the Church, Revelation 2:8.

Pergamum (313-600 A.D.) Age of Constantine, Revelation 2:12. Thyatira (600-1517 A.D.) Dark Ages, Revelation 2:18.

Sardis (1517-1648 A.D.) Reformation of the Church, Revelation 3:1.

Philadelphia (1648-1900 A.D.) “Great Awakening” Missionary Movement, Revelation 3:7.

Laodicea (1900-present day) Apostasy and Lukewarm Church, Revelation 3:14.

8) The Beast System, Sovereign and Seignior rise to rule mankind.
The Apostle John wrote from prison, on The Isle of Patmos about 90 AD, the Revelation Of Jesus Christ, which foretells those things which must shortly come to pass, meaning a series of events that once they begin, fall quickly into place one right after the other. Revelation Chapter 13 tells of three separate beasts which arise to sovereignly, that is authoritatively rule and direct, mankind's activities.

The Bible Prophecy of Revelation 13:1-4 foretells of a sovereign system which directs all of mankind's activities through seven institutions and ten regions of global governance; the regions replace sovereign nations and their constitutions; and institute principles of global governance.

The world's governments will fail in their banking seignority and their currencies will collapse: regional currencies will arise.

The seven heads symbolize mankind’s seven institutions:
1) Finance, Commerce and Trade,
2) Education
3) Body Politic
4) Military
5) Religion
6) Media
7) Science & Technology

The ten horns symbolize ten regions of global governance. These were called for by the Club of Rome in February 1974. The Club of Rome is the premier think tank comprised of approximately 100 global leaders including scientists, philosophers and political advisors which envisioned totalitarian regional governance and a unifying global ethic --a world consciousness to solve interlocking world problems; and it relates this through published material such as 'Mankind at the Turning Point', and 'The First Global Revolution':

"Therefore we have concentrated out efforts in this report on a number of vital worldwide issues whose mastery we consider essential for man's survival and for an eventual transition into sustainable material and spiritual development of humanity."

"If the human species is to survive, man must develop a sense of identification with future generations and be ready to trade benefits to the next generations for the benefits to himself. If each generation aims at maximum good for itself, Homo Sapiens is as good as doomed."

"In order to achieve balance between regions in global development a more coherent regional outlook must be developed in various parts of the world so that the "preferable solutions" will be arrived at out of necessity rather than out of good will... we are talking about a regional sense of common destiny that will find its expression through appropriate societal, economic concepts and objectives... Such a regional outlook will create a "critical mass" necessary for the practical implementation of new and innovative ways of functioning in cultural, economic, and agricultural areas, especially on the rural level."

One of the ten regions of global governance called for is that of the North American continent; and was announced at Baylor University on March, 23, 2005 by the Continent's leaders, Bush, Fox and Martin.

Image Of The Beast Of Revelation 13:1-4; this is the same beast as Daniel 7:7

Click here for detailed image of The Beast Of Revelation Chapter 13 rising from the sea of humanity.

Revelation 13:5-10 tells of a sovereign leader, that is a monarch, who has sovereign power and authority to rule.

The global leader of Revelation 13:5-10 is knowable: scripture gives the information to identify him:
1) Daniel 8:9 And out of one of them came forth a little horn, which waxed exceeding great, toward the south, and toward the east, and toward the pleasant land: a seemingly innocuous leader comes from the North and West, that is he comes from the European Union to Israel.

2) Daniel 8:11 Yea, he magnified himself even to the prince of the host, and by him the daily sacrifice was taken away, and the place of his sanctuary was cast down: he, being Jewish, gains access to Israeli government and the Jewish Temple, takes away Jewish temple sacrifice, exalts himself to the level of the Messiah, and finally makes himself out to be The Messiah.

3) Daniel 8:23 And in the latter time of their kingdom, when the transgressors are come to the full, a king of fierce countenance, and understanding dark sentences, shall stand up: He, being in the lineage of kings, uses this to claim kingship; and he is amongst the world's leading occultists.

4) Revelation 13:18 Here is wisdom; let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six: he is a man whose gematria when decoded, comes out numerically to be 666.

Revelation 13:11-17 tells of a sovereign banker. He is the seignior, meaning, top dog who takes a cut; in modern day terms, an investment banker, in the line of a Charlie Prince or a Robert Rubin or a Tony Brown. He is also the world religious leader and awesome technocrat; he institutes a global seigniorage wealth and commerce system. Seigniorage means top dog bank note system, and as Elaine Meinel Supkis relates in The History of Seigniorage Wealth comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency.

Photo of Treasury Secretary Robert Rubin, Treasury Secretary, and Alan Greenspan, the Federal Reserve Chairman, at a House Hearing in 1995 Photo by Stephen Crowley of The New York Times from the article The Reckoning Taking Hard New Look At A Greenspan Legacy by Peter S. Goodman who said of Alan Greenspan: "And his views held the greatest sway in debates about the regulation and use of derivatives, exotic contracts that promised to protect investors from losses, thereby stimulating riskier practices that led to the financial crisis. For more than a decade, Alan Greenspan has fiercely objected whenever derivatives have come under scrutiny in Congress or on Wall Street.

“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so,” Mr. Greenspan told the Senate Banking Committee in 2003. “We think it would be a mistake” to more deeply regulate the contracts, he added.

The Resourceful Bear News service relates in article JP Morgan Chase And Its Derivative Position Poses Serious Risk To World Financial Stability that JPM owns over half the derivatives outstanding; the exposure to derivaties is concentrated in the top four US Banks.

The seigniorage system is based upon the "mark" which comes from the Greek word charagma meaning "etching in", or "tattoo upon", or "stamp", or "badge of servitude", which enables one to conduct economic activity, and which authorizes one to receive economic benefits; the mark will be required in order to buy or sell as per David Deschesne writing in A Mark in the Right Hand or in their Forehead, in his explanation of Revelation Chapter 13:16-17. All seigniorage comes and goes through him: all sovereign wealth funds, and banks report to him. Commercial, regional and money center banks are gone. There is no national sovereignty, as sovereign nations and their constitutions are history, as principles of global governance working through regional economic and security pacts or agreements exist; and these serve as the basis for regional currencies. Unified regulation of banking globally serves as the basis for commerce trade and investment.

Elaine Meinel Supkis writes "The Derivatives Beast doesn't want more Japan carry trade loans. He wants real money. And this means getting the major governments of the world to feed him real meat and potatoes: future taxes, the wealth of empires".

I say that the Derivative's Beast can never be satiated. Once there is a total worldwide financial system breakdown, and currencies, other than gold are totally burned out, then the Beast will call for the soul of every man, woman and child.

Then the mark, that is the charagma, of Revelation 13:17, will be introduced by the coming world banker, who is also the chief religious leader, that is the Seignior of Revelation 13:11-17: "And that no man might buy or sell, save he that had the mark, or the authority of the beast, or the currency of his name."

The following news events reveal the fulfillment of Bible prophecy:

In 1913, the 'Federal Reserve Act' was passed, creating the 'Federal Reserve System'.

In 1935, the reverse side of the 'Great Seal of the United States' with the All Seeing Eye of Providence above the pyramid appeared for the first time on the back of the one dollar U.S. dollar bill.

In 1944, the 'Bretton Woods Agreement' was signed, outlining a regime for the post World War II world economy.

In 1945, the United Nations was founded.

In 1954, the Bilderberg Group was founded.

In 1957, the European Economic Community, the European Common Market, was formed, which in 1992 changed its name to the European Union. Currently, the EU has 27 member states, 15 of which use a common currency, the Euro.

In 1963, the 'Codex Alimentarius Commission' was established by the Food and Agriculture Organization and the World Health Organization, later to be backed by the 'World Trade Organization'. Codex Alimentarius, Part 1 of 5, is an attempt to overturn existing US laws in favor of pharma-friendly international trade rules. Codex is a threat to human health, human rights, true democracy and national sovereignty.

In 1973, David Rockefeller organized the 'Trilateral Commission'.

1n 1974, The 'Club of Rome' issued a report entitled the "Regionalized and Adaptive Model of the Global World System," which proposes that the 'world be divided into ten regions'.

In 1995, the United Nations' International Trade Organization's, ITO, General Agreement on Tariffs and Trade, GATT, group was renamed the World Trade Organization, WTO.

In September 2001, it is alleged that al-Qaeda terrorists hijacked airliners and attacked the World Trade Center towers and the Pentagon. A Homeland Security authority is legislated and a War On Terror begun.

The US Government countered the pain of the terrorist attacks and the dotcom bubble bust pumped air into the next bubble, that is the housing bubble. The Bush administration pushed two big tax cuts, and the Federal Reserve, led by Alan Greenspan, slashed interest rates to spur lending and spending.

Low rates kicked the housing market into high gear. Construction of new homes jumped 6 percent in 2002, and prices climbed. By that November, Greenspan noted the trend, telling a private meeting of Fed officials that "our extraordinary housing boom . . . financed by very large increases in mortgage debt, cannot continue indefinitely into the future," according to a transcript.

The Fed nonetheless kept to its goal of encouraging lending and in June 2003 slashed its key rate to its lowest level ever -- 1 percent -- and let it sit there for a year. "Lower interest rates will stimulate demand for anything you want to borrow -- housing included," said Fed scholar John Taylor, an economics professor at Stanford University.

The average rate on a 30-year-fixed mortgage fell to 5.8 percent in 2003, the lowest since at least the 1960s. Greenspan boasted to Congress that "the Federal Reserve's commitment to foster sustainable growth" was helping to fuel the economy, and he noted that homeownership was growing.

There was something very new about this particular housing boom. Much of it was driven by loans made to a new category of borrowers -- those with little savings, low income, checkered credit and even unverified information. Such people did not qualify for the best interest rates; the riskiest of these borrowers were known as "subprime" and Alt-A who obtained pay option ARM mortgages. With interest rates falling nationwide, many subprime loans gave borrowers a low "teaser" rate for the first two or three years, with the monthly payments ballooning after that.

Government-chartered mortgage companies Fannie Mae and Freddie Mac, encouraged by the Bush administration to expand homeownership, also bought more pools of subprime loans.

One member of the Fed watched the developments with increasing trepidation: Edward Gramlich, a former University of Michigan economist who had been nominated to the central bank by President Bill Clinton. Gramlich would later call subprime lending "a great national experiment" in expanding homeownership.

In 2003, Gramlich invited a Chicago housing advocate for a private lunch in his Washington office. Bruce Gottschall, a 30-year industry veteran, took the opportunity to pull out a map of Chicago, showing the Fed governor which communities had been exposed to large numbers of subprime loans. Homes were going into foreclosure. Gottschall said the Fed governor already "seemed to know some of the underlying problems."

On January 31, 2006, Greenspan, widely celebrated for steering the economy through multiple shocks for more than 18 years, steps down from his post as Fed chairman.

Bernanke became Federal Reserve Chief and two weeks into the job, he testified before Congress that it was a "positive" that the nation's homeownership rate had reached nearly 70 percent, in part because of subprime loans.

President Thomas Jefferson said in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

On October 1, 2002, U.S. Northern Command, NORTHCOM, was established by Defense Secretary Donald Rumsfeld, as a military command authority tasked with anticipating and conducting homeland defense and civil support operations where U.S. armed forces are used in domestic emergencies; thus establishing a bloodless military coup.

On October 2, 2002 Deputy Defense Secretary Paul Wolfowitz called the activation of U.S. Northern Command "historic" and said the new command is charged with "the momentous responsibility to help deter and defend against attacks on America's home soil."

In 2004, the Independent Task Force on North America, a project organized by the Council on Foreign Relations, CFR, proposes the establishment by 2010 of a North American economic and security community, generally referred to as the North American Union, the NAU.

On March 23, 2005, the Security and Prosperity Partnership of North America, the SPP, was announced at Baylor University, effecting an economic, political and investment coup.

Frameworks -- Leader's Agreements, neither treaties nor constitutions, now define and specify working relationships between nations and peoples; The SPP, is one such Framework Agreement.

Presented below is a photo from the Baylor University web site showing Condoleezza Rice And George Bush as they were greeted by Baylor University's Robert B. Sloan Jr. and members of his staff immediately prior to the announcement of the SPP.

Mr. Sloan said: "It is an honor for Baylor University to host the leaders of the United States, Canada and Mexico," and he continued: "Here at Baylor, we want to teach our students to serve. Baylor today had the opportunity to serve on behalf of our country and the world, and it is a tremendous privilege for Baylor to host this trilateral meeting."

The Security And Prosperity Partnership provides state corporate rule to deal with systemic risks -- systemic failures such as debt guarantor insolvencies, and outbreak of pandemic disease, such as avian influenza, as mentioned in the Leader's Joint Statement of March, 31, 2006 in Cancun, Mexico.

The photo below is of President George Bush with Robert J Stevens of Lockheed Martin and other business leaders in a March 2006 Security and Prosperity Partnership "Progress Meeting" held at the Cancun Summit.

Canada's Stephen Harper, spoke before the Economic Club of New York, where he related the need for a continental response to oversee threats to the continent's security and prosperity.

The think tank, Council on Foreign Relations, CFR, has called for Regional monetary integration; Andrew G. Marshall writing in a GlobalResearch.ca article sees this resulting the use of a continental currency, i.e. the Amero.

On October 21, 2008, Craig Torres and Christopher Condon in Bloomberg article 'Fed To Provide Up To $540 Billion To Aid Money Funds' relates: "The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions.

``Short-term debt markets have been under considerable strain in recent weeks'' as it got tougher for funds to meet withdrawal requests, the Fed said today in a statement in Washington. A Fed official said that about $500 billion has flowed since August out of prime money-market funds, which with other money-market mutual funds control $3.45 trillion."

Note that the money provided by the Money Market Investor Funding Facility, MMIFF, is a "loan"; it is not a grant. In reality because most of the money market funds have taken out insurance and many will avail themselves of this "loan", and given that nine banks have been nationalized, and the insurance company AIG has been loaned money, and Freddie Mac and Fannie Mae have been nationalized, this represents an "integration of money market funds" into the US Government.

The nationalizations are a fulfillment of bible prophecy of Revelation Chapter 6:1-2 where the first of four riders of the Apocalypse goes forth globally on a white horse in bloodless economic and political coup conquest.

The loan comes with cost other than interest, that being administrative ownership, that is control, of trillions of dollars by the Federal Reserve. The word, will and way of Ben Bernanke is now sovereign over all money market funds in the United States. Not only is the Federal Reserve the Bank of Banks which was achieved by the provision of dollar swaps, emergency lending, rate reductions, and facilities of TARP and CPFF, it is now the 'Monetary, Credit and Investment Authority' over America through its "loans" to money market funds. This effects a stunning economic and political coup that has replaced Milton Friedman neoliberal laissez faire capitalism with a state-corporate seigniorage wealth system, which controls investment and lending. Seigniorage means top dog bank note system; and comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency as describe in Elaine Meinel Supkis Money Matters Blog article 'The History of Seigniorage Wealth'.

Default on the loan, which is inevitable, means that the wealth of the money market accounts will be not only rented out to but owned by the Federal Reserve.

Americans are enslaved, yes made slaves to the credit default swaps and other derivatives at AIG and Lehman Brothers, this is termed the Derivatives Beast, the housing debt of nationalized Freddie Mac and Fannie Mae, the highly leveraged CDO debt of the TARP facility, and the commercial paper debt of CPFF.

And now they are made slaves to pay back the money market fund loans. Elaine Meinel Supkis in Financial Black Holes relates: "Modern capitalist banking systems create increasing DEBT and not increasing wealth!" And she relates, "The desire is for all systems to be over 100% in debt!"

Americans are now totally sold out: their task masters are Ben Bernanke and Hank Paulson their Goldmanite banking stakeholders.

Ms. Supkis' in article 'End The Fed Demonstrations November 22', relates: "The rabbit is out of the magician's hat. The cat is out of the bag. Even the dimmest wits in America are figuring out two things: the bankers are really socialists but are exclusionary socialists. Namely, they want money to be created and handed to them, not to us. They want to use us as collateral. Ask any banker if money can be lent at cheap with no collateral. They will laugh maliciously.

No, to get those cute 1% loans, you need to put up some collateral. And the true collateral here is the US taxpayers and everything they own. Note the top story. All our collective and individual wealth can be suddenly seized. Since the bankers and their buddies own our political system, they will get whatever they need.

The other fact the US public has become dimly aware is, they will NOT be bailed out with this magic money. They will have to pay a price and a steep price. If they ARE bailed out with funny money, this will be extracted in less than five years just like the Bush tax cuts, via inflation of food, fuel and other necessities.

Since there is a lot of propaganda from kindergarden on up poured into brains to convince US citizens that we are NOT an empire, it is hard for voters to understand the profound loss of sovereignty and international muscle the US has suffered during this last 8 years of wild misspending, wild debt accumulation and wild military expansionism."

The bailouts so far total $2.25 Trillion. Mark Landler and Eric Dash Published in October 15, 2008, International Herald Tribune article Drama - And Conflict - Behind The $250 Billion Banking Deal report that the bail outs so far come in at $2.25 trillion!

The bailouts will fail to resolve global financial place instability; the lending gridlock will continue, and liquidity will continue to evaporate from the system. The result will be a world wide financial system breakdown.

The world entered into Kondratieff Winter on 08-08-08. This means death, not growth; and that reality is the ever increasing investment knowledge, ethic and directive, amongst the world's currency, commodity and stock traders, causing disinvestment from commodities, stocks, bonds and currencies.

And the awareness of risk of investment loss increased on September 11, 2008, that is 9-11-2008, there was a cardiac arrest in lending when the banks discovered they could not sell stock to raise capital. Trust between lender and debtor completely broke down, and a lending gridlock, that is, a credit gridlock ensued, and the US Stock markets and the world stock markets fell lower on an unwinding yen carry trade which took commodities lower, and the US Dollar higher.

The lack of trust increased even further as the SEC has thrown the fair value rule, and the accountants have withdrawn the mark-to-market standard of FASB 157, and replaced it with mark-to-fantasy assumptions of management.

Without trust the worldwide financial system can only breakdown.

The inevitable financial collapse when it does occur will be a fulfillment of bible prophecy of Revelation 13:1-4; specifically Revelation 13:3.

Evidence suggests that there will be a declaration of martial law in response to the coming financial system breakdown:
Sen. Warner Supports Domestic Use of Military by David Swanson of GlobalResearch.ca

Top International Military Officials Meet In Adirondacks

The Soon Coming Martial Law Will Be Managed By NORTHCOM'S JTF-CS

How Near Is Martial Law

Bush Paves The Way For Martial Law

Army Combat Team To Train For Homeland Scenarios Under NorthCom

NORTHCOM Gives Approval For Canadian Armed Forces To Provide Gustav Disaster Relief Services In Louisiana

Soon Coming Enforcement Of The Security and Prosperity Partnership Places Ones Investments At Risk

9) The Persecution of The Saints and The Campaign of Armageddon.
An end time persecution is coming to God's children. Revelation 12:12-17

God promises sanctuary to a small number of saints in Revelation Chapter 12:14. It will be a place where the Sovereign and his armies will be unable to penetrate; a select few will find safety there for 42 months, that is for three and one half years; whereas the rest of God's children will be ruthlessly and successfully hunted down by the coming world king.

If anyone is destined for captivity, to captivity he goes; if anyone kills with the sword, with the sword he must be killed. Here is the perseverance and the faith of the saints. Revelation 13:10

In order to find God's deliverance, one should watch and pray always that one might be accounted worthy to escape all things that are coming, and stand before the Son of Man. Luke 21:36

One's fate is all a matter of the Election of Grace.

The Sovereign rules with a strong hand; but it being a multi-polar world, is opposed by forces from the North, East, and South. Isaiah 63:1-6; Daniel 11:40-43; Joel 3:1-2, 9-17; Zechariah 12:8-14; Revelation 14:14-20; 16:12-16; 19:11-21

The prophet Daniel wrote that the EU US World Governor, the Sovereign, will meet his doom on plain of Megiddo: "But rumors from the East and from the North will disturb him, and he will go out with great wrath to destroy and annihilate many. "He will pitch the tents of his royal pavilion between the seas and the beautiful Holy Mountain; yet he will come to his end, and no one will help him. Daniel 11:44-45, and Revelation 16:12-16

10) The Second Coming of Christ
Isaiah 63:1-6; Ezekiel 20:33-44; Daniel 2:44-45; Psalms 2:7-9; 96:13; 98:9; Matthew 24:29-30; Romans 11:26-27; 2 Thessalonians 1:7-10; Revelation 19:11-16

Christ, accompanied by the Church, will at this time set up the promised Davidic Kingdom on earth, replacing and bringing to an end, forever, the “Times of the Gentiles,” with its corrupt political rule (Daniel 2:44).

11) Satan Bound and Confined
Revelation chapter 20 gives a clear picture of the binding of Satan in the abyss. Because of his banishment war on earth will cease, righteousness and peace will cover the earth with the reign of Christ as King over all the nations.

12) The Judgment of the Nation Israel and The Judgment of the Gentiles
The Judgment of the Nation of Israel
Ezekiel 20:34-38; Zechariah 13:1-2; Malachi 3:2-5.

The Judgment of the Gentiles
Zechariah 14:1-9; Matthew 25:31-46

13) Resurrection of Tribulation Saints and the Old Testament Saints and The 1000 Year Rule and Reign of Jesus Christ.
Isaiah 26:19-21; Daniel 12:1-3; John 5:28-29; 2 Corinthians 15:23; Revelation 20:4-6
This resurrection occurs at Christ’s Second Advent to earth (1 Corinthians 15:23). It entails all the Old Testament saints and those believers who, during the Tribulation Period, lost their lives because of their faith (Revelation 20:4-5). They will join the Church and reign with Christ on earth during His glorious Millennial rule.

Isaiah 65:19-25; Jeremiah 30:19-20; Ezekiel 36:33-38; Zechariah 8:20-23; 14:16-21; Revelation 20:1-7
The Millennial reign of Jesus Christ, a future 1000 year period when the earth is placed under His direct rule, is a time when peace and righteousness will reign here on earth. Christ will rule over the nations of the earth with “a rod of iron” (Revelation 19:15) and “nation will not lift up sword against nation and never again will they learn war” (Isaiah 2:4). Christ, the Son of David, will reign over His Kingdom from His father David’s throne in Jerusalem, fulfilling the Davidic covenant through which Israel was promised a Throne, King and Kingdom, forever (2 Samuel 7:4-16).

14) Marriage Supper of the Lamb .. The Wedding Feast
Matthew 8:11; Luke 13:28-29; Luke 22:16-18, 29-30; Revelation 19:7-9; 2 Corinthians 11:2; Revelation 19:7-9
We have seen that the “Marriage of the Lamb” is an event that has reference only to the Church and takes place in Heaven. The “Marriage Supper” of the Lamb is an event that takes place on earth after the Second Advent of Christ. Though the two events are closely related, they are separate events, just as the wedding ceremony and the wedding reception of our day are separate events. Those who are invited to attend the marriage supper on earth are all the Old Testament saints and the Tribulation saints, both mortal and resurrected, after Christ’s Second Coming. There are New Testament passages that speak of Christ eating and banqueting in the kingdom which may be references to the celebration related to the Marriage Supper of the Lamb. These passages imply that the celebration of the marriage supper begins in the millennial kingdom: Matthew 8:11; Luke 13:28-29; Luke 22:16-18, 29-30.

15) The Loosing of Satan and The Last Revolt
Revelation 20:7-10
Satan must be loosed for a little while from his thousand-year imprisonment (Revelation 20:7-10). This must complete the grounds for divine judgment against this great fallen angel. Those who had been left over from the Battle of Armageddon who lived in the peace and glory of the Kingdom are deceived, and they go on rebellion only to be destroyed by Christ.

16) The Doom of Satan
Revelation 12:7-12, 20:1-3, 20:10-15
Satan has already been judged at the cross (John 16:11). He is to be banished from accessing Heaven, where he accuses Believers before God, being thrown down to the earth during the time of the Tribulation (Revelation 12:7-12). After the tribulation he is imprisoned, bound and cast into the abyss for the duration of the Millennium (Revelation 20:1-3). The final doom which ends Satan’s career is when he is cast into the never ending torment of the Lake of Fire and Brimstone, where the Sovereign and the Seginior-False Prophet are consigned, along with all who have not believed the Word of God throughout the history of the earth.(Revelation 20:10-15).

17) The Passing of The Present Earth and Heaven
Isaiah 65:17; 66:22; Hebrews 1:10-12; 2 Peter 3:3-13; Revelation 20:11; 21:1
This present earth is to be purified after the final rebellion which closes the Millennium. The earth is to be purified through burning, because the earth has become polluted with sin.

18) The Great White Throne Judgment
Revelation 20:12-15; 21:8; 22:10-15
All unbelievers throughout the history of the earth will face a final judgment. They are to be raised from the dead after the Millennial period and will be judged according to their works, then to be committed to the Lake of Fire, which is the second death.

19) The Creation of a New Heaven and a New Earth
Isaiah 65:17-19; 2 Peter 3:13-14; Revelation 21:1 - 22:5
The New Heavens and the New Earth will be formed after this present Earth burns up and is purified. This is the LAST and final part of God’s eternal plan for mankind. All the redeemed, saved, of all the ages will be there! This will be the ultimate in glory, reigning forever with Christ in a New Heaven and a New Earth.

Special Topics
The Third Jewish Temple
Daniel 9:27; Matthew 24:15; 2 Thessalonians 2:3-4; Revelation 11:1-2

The One-World Government that is the Beast System (Revelation 13:1-4), with its Beast Ruler (Revelation 13:5-10), and Beast Banker, False Religious Leader and Prophet (Revelation 13:11-17), all tied together by the Derivatives Beast.
Daniel 7:23

The Ten Kingdoms
Daniel 7:24

The Apostasy
2 Thessalonians 2:3

The Revelation of the Antichrist
Daniel 7:24; 2 Thessalonians 2:1-3

The Seven Year Covenant
Daniel 9:27; Isaiah 28:14-22

Peace and False Security
1 Thessalonians 5:1-3

The Tribulation
Jeremiah 30:7-10; Daniel 2; 9:24-27; 11:40-43; 12:1;2 Thessalonians 2:4; Revelation 6-19

The First Half of the Tribulation
Matthew 24:4-14; Mark 13:4-13; Luke 21:8-19

The Gog and Magog Invasion of Israel
Ezekiel 38-39

The Great Tribulation
Daniel 7:25; Matthew 24:15-28; Mark 13:14-23; Luke 21:20-24

Keywords
new world order, newworldorder, greatsealoftheunitedstates, sealoftheunitedstates, antichrist, clubofrome, last days, end times, nwo, king of the north, kingofthenorth, bear of the north,

East Asian Countries to Create $80 Billion Fund To Deal with Financial Crisis

Daniel Schearf in VOA News article East Asian Countries to Create $80 Billion Fund to Deal with Financial Crisis reports: "Leaders from East Asian countries agreed Friday to have the fund set up by the middle of next year.

Members of the Association of Southeast Asian Nations, Japan, China, and South Korea will be allowed to dip into the money when faced with a financial emergency.

Japan, China, and South Korea agreed to provide 80 percent of the funds, and Southeast Asian nations will give the rest.

"The pressure they're under now I think is more related to just a panic, the ongoing panic in financial markets. And, I think, the thinking is the $80 billion could be used as sort of a backstop for the regional authorities, that when they do experience pressure, to fend it off," he said".

We are witnessing the fulfillment of bible prophecy!

The Apostle John wrote from prison, on The Isle of Patmos about 90 AD, the Revelation Of Jesus Christ, which foretells those things which must shortly come to pass, meaning a series of events that once they begin, fall quickly into place one right after the other. Revelation Chapter 13 tells of three separate beasts which arise to sovereignly, that is authoritatively rule and direct, mankind's activities.

The Bible Prophecy of Revelation 13:1-4 foretells of a sovereign system which directs all of mankind's activities through seven institutions and ten regions of global governance; the regions replace sovereign nations and their constitutions; and institute principles of global governance.

The world's governments will fail in their banking seignority and their currencies will collapse: regional currencies will arise.

The seven heads symbolize mankind’s seven institutions:
1) Finance, Commerce and Trade,
2) Education
3) Body Politic
4) Military
5) Religion
6) Media
7) Science & Technology

The ten horns symbolize ten regions of global governance. These were called for by the Club of Rome in February 1974. The Club of Rome is the premier think tank comprised of approximately 100 global leaders including scientists, philosophers and political advisors which envisioned totalitarian regional governance and a unifying global ethic --a world consciousness to solve interlocking world problems; and it relates this through published material such as 'Mankind at the Turning Point', and 'The First Global Revolution':

"Therefore we have concentrated out efforts in this report on a number of vital worldwide issues whose mastery we consider essential for man's survival and for an eventual transition into sustainable material and spiritual development of humanity."

"If the human species is to survive, man must develop a sense of identification with future generations and be ready to trade benefits to the next generations for the benefits to himself. If each generation aims at maximum good for itself, Homo Sapiens is as good as doomed."

"In order to achieve balance between regions in global development a more coherent regional outlook must be developed in various parts of the world so that the "preferable solutions" will be arrived at out of necessity rather than out of good will... we are talking about a regional sense of common destiny that will find its expression through appropriate societal, economic concepts and objectives... Such a regional outlook will create a "critical mass" necessary for the practical implementation of new and innovative ways of functioning in cultural, economic, and agricultural areas, especially on the rural level."

One of the ten regions of global governance called for is that of the North American continent; and was announced at Baylor University on March, 23, 2005 by the Continent's leaders, Bush, Fox and Martin, when they announced the Security and Prosperity Partnership of North America, that is the SPP. Another region as we see in the news is Asia.

Image Of The Beast Of Revelation 13:1-4; this is the same beast as Daniel 7:7

Click here for detailed image of The Beast Of Revelation Chapter 13 rising from the sea of humanity.

Revelation 13:5-10 tells of a sovereign leader, that is a monarch, who has sovereign power and authority to rule.

Revelation 13:11-17 tells of a sovereign banker. He is the seignior, meaning, top dog who takes a cut; in modern day terms, an investment banker, in the line of a Charlie Prince or a Robert Rubin or a Tony Brown. He will also be world religious leader and awesome technocrat; he will institute a global seigniorage wealth and commerce system. Seigniorage means top dog bank note system, and comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency.

Abu Dhabi Hopes To Become GCC Economic Capital

Nadim Kawach of Zawya reports that the UAE is expected to revive its bid to be home to the planned Gulf central bank when regional heads of state hold their annual summit in Oman in late November, official sources said yesterday.

While other GCC members would like to host the GCB headquarters, the UAE believes it has an edge in the race on the grounds it was the first member to offer to be home to the institution.

"As the Governor has stated before, the UAE was the first member state to offer to host the GCC central bank and is still sticking to its offer," a UAE Central Bank source said. "We would like the GCB to be headquartered in the UAE because the country already has the necessary infrastructure for this project."

GCC leaders, who will meet in Muscat in the last week of November, are due to decide on the location of the GCB, part of their planned monetary union. Central bankers and finance ministers endorsed the project at talks in Jeddah this week and said they would present proposals to their foreign ministers, who in turn will submit them to the Muscat summit for approval.

A Gulf monetary authority is to pave the way for the creation of the GCC central bank, which will decide on the launching of the common currency six months after it begins functioning, according to the Riyadh-based GCC Secretariat.

The currency will have a fixed exchange rate against local GCC currencies for a transitional period, during which those currencies will be gradually phased out.

In a document revealed last month, the GCC Secretariat said the central bank would enjoy full autonomy and its main objective was to guarantee currency stability in the monetary union's zone, draw up monetary policies for the single currency and manage foreign reserves in that currency.

A UAE banker said: "I think the UAE enjoys all economic and financial requirements for hosting the GCC central bank. It could be based in Abu Dhabi, which is home to the UAE Central Bank and the Arab Monetary Fund, an important Arab League institution that co-ordinates monetary policies in the whole region."

In recent statements UAE Central Bank Governor Sultan bin Nasser Al Suwaidi said the UAE was still pushing to be home to the GCC central bank. "It was not a decision but an offer from us to host the GCC central bank," said Al Suwaidi. "We were the first member state to make this offer. We in the UAE would love to see this bank based here. It will be a very important regional institution and we would like to be its base. The UAE possesses all financial, economic and logistic capabilities to host the GCC central bank."

Unwinding Yen Carry Trade To Propel Development Of A Common Currency For South America

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Introduction
The unwinding yen carry trade, the EUR/JPY, which is probably better termed the Euro carry trade, is going to stimulate the process of developing a single unified and common currency for the Union of South American Nations, UNASUR, as Brazil and Argentina move to abolish the US Dollar in Bilateral Trade.

The Euro, FXE, moved above a support line first at 141.140 and then at 142, to close at 142.38; and the Yen, FXY, fell to close at 92.43 ... FXE and FXY

The Stockcharts.com chart of the EURJPY, that is, FXE:FXY, shows the EURJPY at support. This is an abeyance, but not abatement, to the unwinding of the yen carry trade, which has started an Elliott Wave 3 Down in this currency pair which has dramatically taken down the world stocks, EFA, the emerging market stocks, EEM, the Brazil shares, EWZ, and the natural resource stocks, such as metal manufacturing, XME, the HUI indexed precious metal mining shares, GDX, steel producres, SLX, coal producers, KOL, energy producers, XME, and energy service, OIH as well as the whole commodity complex, RJI, oil, USO, and even gold, GLD ... Chart of FXE:FXY

The yen carry trade has unwound deleveraging and destabilizing Brazil's economy
Gary Dorsch wrote in Safehaven article "Maverick McCain" and the Resurrection of the US$

I recommend an investment in Mr. Gary Dorsch's Global Money Trends newsletter or call toll free to order, Sunday thru Thursday, 8 am to 9 pm EST, and on Friday 8 am to 5 pm, at 866-553-1007. Outside the US call 561-367-1007.

As soon as you think you've got the key to the stock market, they change the lock," lamented Joe Granville, who is mostly remembered for his bearish calls on the US stock market during the 1970's, 1980's, and the 1990's. Nowadays, many currency traders are scratching their heads, trying to figure out what's behind the sudden resurrection of the US-dollar, which is flexing its muscles for the first time in two-years, and defying conventional logic, by climbing sharply higher against most foreign currencies, including those that offer much higher rates of interest.

The Euro has plummeted 12% vs the US-dollar since July 15th, tumbling to as low as $1.410 today. Earlier this week, Euro-zone Finance chief Jean-Claude Juncker gave currency traders the green-light to trash the Euro. "Things are developing in the right direction, in line with the commitments of the US Treasury that it stated in recent months. The Euro is less than $1.44, and it reflects economic fundamentals better than the Euro flirting with $1.60. I still think that the Euro is overvalued, not only against the dollar, but also against other currencies," he said.

What's behind this sea-change in market psychology towards the US-dollar, where the focus has shifted away from interest rate differentials, and instead, has veered-off towards other key factors? They are several reasons that are beyond the scope of this article, but were highlighted in the August editions of the Global Money Trends newsletter.

Throughout the US-dollar's tortuous 40% slide over the past six-years, the Arab oil kingdoms in the Persian Gulf stayed loyal to their archaic US-dollar pegs, even while the Fed's indifference to the sliding US-dollar sent inflation shock waves through their dollar-linked economies. Saudi Arabia was forced to expand its M3 money supply by more than 20% in order to defend the dollar peg, which in turn, fueled inflation to +11.1% in July, it's highest in 30-years. In Abu Dhabi, the biggest member of the UAE federation, prices were 12.9% higher in June.

The Arab oil kingdoms rescued the US-dollar from the brink of collapse, by rapidly expanding the supply of Kuwaiti dinars, Saudi riyals, and UAE dirhams, and then recycled about $250 of Petro-dollars into US Treasuries over the past 12-months, through their brokers in London. In return, the US armed forces are defending the Arab Oil kingdoms from their dangerous neighbors to the north in Iran, which seeks nuclear weapons, and is closely aligned with czarist Russia, and Venezuela's mercurial kingpin Hugo Chavez, - forming the "Axis of Oil."

The recycling of Arabian Petro-dollars into US Treasuries put a floor under the US$ Index at the 70-level this summer, and persuaded bearish currency traders to cover massive short positions that had been built-up in the US$ over the past six-years. King Abdullah of Saudi Arabia upped the ante, in support of the dollar, by boosting the kingdom's oil output by 1.1 million barrels per day (bpd) from a year-ago to 9.7 million in July, which finally deflated the crude oil bubble by $45 barrel so far.

On Sept 3rd, Saudi Arabia announced that it had started pumping crude from the Khursaniyah field, which would boost the kingdom's output capacity by 500,000 bpd to around 11.8 million barrels, and aims to boost its total oil production capacity to 12.5 million bpd by the end of next year. But with crude oil experiencing its largest slide in history, (in dollars) OPEC hawks Iran and Venezuela called for production cutbacks, to put a floor under the market at $100 /barrel.

On Sept 8th, OPEC chief Chakib Khelil said he expected the oil market to be oversupplied at the end of this year. "There is plenty of oil in the market, stocks are pretty good. There will be an oversupply of one-million bpd by early next year," he predicted. Khelil also noted that oil prices were easing as the value of dollar rose. US crude fell to under $102 as the dollar hit an 11-month high against the Euro. "What we are seeing now is the inverse relationship between the US dollar and the oil price is verified. The dollar is strengthening, the oil price is going down," he added.

In a compromise, to placate the mullahs in Tehran, the Saudis agreed to a surprising cutback in oil output, in an effort to stabilize the market. OPEC is pumping roughly 790,000 bpd above target, the bulk of which comes from Saudi Arabia, the central banker of oil, which is pumping around 750,000 bpd above its official quota. "If you do your own calculations properly, OPEC will be a lowering its production by about 520,000 barrels per day," said OPEC chief Khelil.

But the Arabian monarchs also have their eyes on the US political calendar, and have driven oil prices lower, in order to help John "Maverick" McCain get elected, and become the next commander in chief of the US armed forces in the Persian Gulf. On August 31st, South Carolina Senator Lindsey Graham reminded the Arab oil kingdoms that Democratic vice-presidential nominee Joe Biden lacked the backbone to stand up to powerful foes or to fix broken governments in the Middle East.

"Biden has national security experience. But experience and judgment need to come together. Biden voted against the first Gulf War to evict Saddam Hussein from Kuwait. He opposed the surge in Iraq. He wants to partition Iraq," Graham said. As chairman of the Senate Foreign Relations Committee, Biden did oppose the recent US troop buildup to defeat al-Qaeda and has called for separating Iraq into three autonomous provinces - Shiite, Sunni, and Kurdish, which is diametrically opposed to the views of the Arab oil kingdoms in the Persian Gulf.

Between now and Nov 4th, the Saudi and Kuwaiti monarchs will attempt to put a lid the oil market, allowing US gasoline prices to trickle lower, and ease the anxieties of jittery swing voters who are worried about the economy. Soybean and corn prices have already plunged by 30% since early July, in sympathy with lower oil prices, and with a little bit of luck, Americans might see lower food prices before the November 4th election. What's likely to happen to the oil market after Nov 4th, will be presented in the upcoming Sept 12th edition of Global Money trends.

Not since the contest between Jimmy Carter and Ronald Reagan in 1980, has expectations of the outcome of a US-presidential election impacted the currency markets in a big-way. In 1980, any signal that Carter was pulling ahead in the polls, would send the dollar plummeting in the foreign exchange market. Conversely, Reagan's landslide victory, by a 51% to 41% margin in the popular tally, and a whopping 489 to 49 in electoral-college votes, set in motion a vigorous four-year bull-run for the US dollar, and lifted the greenback to 3.50 German marks.

In 1980, when Reagan defeated Carter, the British pound lost 10% vs the dollar after six-months, 22% after one-year and 47% by the end of Reagan's first term. The "Reagan Revolution" included big tax cuts, and wide swaths of working-class Democrats defected to the Republican Party, which Mr McCain hopes to attract in the weeks ahead, with his plan to stimulate the US economy by cutting the corporate tax rate 10% to 25%, and extending the Bush tax cuts beyond 2010.

There are several reasons that explain the sudden plunge in the Euro, including the unwinding of "yen carry" trades, but few traders have noticed that the dollar's resurrection is mirroring the odds of a McCain victory in November. Futures traders dealing at the on-line parlor Inntrade, based in Dublin, Ireland, have lifted their bids on "Maverick" McCain to a 47.5% probability of winning the election, up from 30% in mid-July. The perceived shift in "Maverick" McCain's" political fortunes are linked to the latest Gallup poll, putting him 5% ahead of Mr Obama, due to a huge 15% shift of independent voters and women, leaning towards Alaskan governor Sarah Palin.

Governor Sarah Palin of Alaska introduced herself to America before a roaring crowd at the Republican National Convention last week, as "just your average hockey mom" then pitched herself as a champion of government reform, sliced and diced Democratic candidate Barack Obama as an elitist, and attacked the liberal media. McCain wants to put Sarah Palin in charge of US oil and energy policy if he becomes president, to lessen American dependence on foreign sources of oil, which in turn, could have a big impact on the dollar in the years ahead.

Alongside McCain's jump in the polls, the US-Dollar Index rallied 12% towards the 80-level, gaining support from the emergence of a militaristic Russia, which invaded South Ossetia and Abkhazia, and threatened to cut-off energy supplies to Europe. Kremlin kingpin Vladimir Putin has refurbished the US-dollar's traditional status as a "safe haven" currency. Not since the end of the Cold War, has the US-dollar been treated as a "safe-haven" currency in times of dangerous geopolitical turmoil.

Nowadays, the Persian Gulf oil kingdoms regard the possibility of a nuclear armed Iran as a "dire and direct threat" to their own existence, and are flocking to the US-dollar as a safe haven. The sovereign wealth funds (SWF's) controlled by Dubai, Abu Dhabi, Kuwait and Saudi Arabia have roughly $1.7 trillion between them, dwarfing the largest private equity funds in the world. During the first half of 2008 alone, Saudi Arabia raked in $192 billion from oil exports,just $2 billion less than the kingdom's total oil export revenues in 2007.

With their enormous size, the Persian Gulf SWF's can easily move global financial markets. By 2015, the Persian Gulf SWF's could grow to $5-6 trillion. If Chinese, Russian, and Korean SWF's are taken into account, the total global SWF value could top $12 trillion, or almost equal to the output of the Euro-zone's economy. SWF's are quickly becoming the most powerful investors in the world, and account for 12% of the trading volume in commodities. Their activities will increasingly impact financial markets, and the distribution of strategic resources.

Russia holds the world's largest natural gas reserves and the eighth-largest oil reserves. It supplies one-quarter of Europe's oil supply and 30% of its natural gas. In July, deliveries to the Czech Republic through the Druzhba pipeline were cut by 40% after Prague signed an agreement with the US to install an anti-missile shield. The emergence of a militaristic Russia, under former KGB spy master Putin, in alliance with the "Axis of Oil," has tarnished the Euro's stellar image, and added an extra degree of risk in investing in European stock markets.

Putin has declared that a new Cold War with the West has already begun and is considering arming Russia's Baltic fleet with nuclear warheads and pointing them at European cities. "Of course we are returning to those times. It is clear that if a part of the US nuclear capability turns up in Europe, and, in the opinion of our military specialists will threaten us, then we are forced to take corresponding steps in response. The strategic balance in the world is being upset and in order to restore this balance, we will be creating a system of countering that anti-missile system. Naturally, we will have to have new targets in Europe," Putin warned.

Since Russia invaded South Ossetia and Abkhazia on August 7th, the Kremlin's foreign exchange reserves have declined by $16.4 billion, the biggest outflow of capital since the country's financial meltdown in 1998. Foreign investors, who hold roughly half of all Russian shares outstanding, many listed in London and New York, have sold an estimated $20 billion of Russian stocks. The Russian central bank was forced to sell US$5 billion in the foreign exchange market to stabilize the Russian rouble, after it tumbled 10% against the resurgent US$, to a one-year low.

While the Kremlin's coffers have mushroomed, the Russian corporate sector is still heavily reliant on foreign investors. The local bond market is small, with just $60 billion worth of ruble issues. Russian companies borrow funds on the world capital markets, and foreigners own half of the $1 trillion debt. But now, Russian companies are facing a liquidity crunch, since foreign lenders are balking and won't touch any Russian paper. The impact on the Russian stock market has been severe.

The Russian Trading system Index (RTS) was roiled by the exodus of foreign investors, who are on high alert for political risk. Since peaking in May, the Russian stock market plunged 40%, shaving roughly $500 billion from the value of Russian stocks. Foreigners dumped large blocks of Russian mining companies after Kremlin kingpin Putin, accused a large steel and coal mining company, Mechel, MTL.n of tax evasion, causing its share price to collapse. When Putin targets a company, there can be dire consequences, such as the demise of Yukos, a big oil company that was bankrupted on trumped-up tax charges.

Roughly half the RTS Index is comprised of energy related companies, which have also been hard hit, by the slide in crude oil prices to $102 /barrel. Soaring oil prices were behind Russia's political and economic resurgence, and help lift the RTS Index by an astounding 720% from six-years ago. But nowadays, the term "Peak Oil" is invoking images of a peak in oil prices and global demand, due to a synchronized slide in the global economy, rather than fears that the world is running out of oil.

One big surprise at this week's OPEC meeting was the presence of Russian deputy prime minister Igor Sechin, sent by Putin, who announced that "Broad cooperation with OPEC is one of Russia's top priorities. OPEC is one of Russia's key partners on the global oil market." In the past, Russia has agreed to trim production in line with OPEC output cuts to support prices, and traders must monitor Putin's next move.

Most interesting is the observation that the Euro's slide against the US$, is the near-perfect inverse image of the US-dollar's climb against the Russian rouble. The emergence of militarist Russia, ready to aim its nukes at Europe, and a stranglehold over Europe's energy supply, has triggered a mini-flight of capital from the Euro and the Russian rouble. In contrast, the US-dollar, backed by the world's most powerful military, wins by default as a safe haven.

The foreign Exodus from Brazil's Bovespa stock exchange, EWZ, and undermines the Brazilian currency The Real.

Yet there appears to be more reasons behind the US-dollar's rally against all major foreign currencies, than just its newly polished image as a "safe-haven" currency. Brazil is not under any threat of military attack from Russia or Iran, and it's self-sufficient in energy, yet it's currency, the real, has lost -14% against the US-dollar in recent weeks, even though Brazil's interest rates are +11% higher.

Foreign investors pulled money out of Brazil's stock market for a third straight month in August, triggered by the steepest plunge in commodities in five decades. Slumping commodity prices led Sao Paulo's Bovespa stock index sharply lower, to below the psychological 50,000-level, or 34% off from its May 20th all-time high. More than half of the Bovespa index is made up of natural resources companies and steel mills, whose fate largely hinges on the direction of the global economy.

The Dow Jones Commodity Index has tumbled 27% from a record high set eight weeks ago. Steel prices have plunged 30%, and soybeans are 30% lower. Brazil had posted a trade surplus of $40 billion last year on exports of $160 billion, and strong demand for commodities helped secure a 27% jump in exports, from January to July of this year, compared to the same period a year ago.

An unwinding yen carry trade unravels Brazil's trade surplus.

Latin America's largest economy enjoyed a current account surplus for the last five years, its currency rose to a nine-year high while the central bank stockpiled enough US-dollars to pay off its entire foreign debt and become a net creditor for the first time. But imports are growing at twice the rate of exports this year, due to the super-strong real, and Brazil's trade surplus plunged 42% in the first half of this year. Now the virtuous cycle is moving in reverse, as commodity prices slide, and foreigners repatriate their money, to avoid losses related to the Bovespa index.

The unwinding yen carry trade has deleveraged the top two emerging markets.

The Brazilian real has plunged 10% in the past 10-days to 1.77, its lowest level against the dollar since February. The performance of Brazil's currency and stock market, which largely hinge on the direction of commodity markets, haven't differed much from Russia's. These top-2 emerging markets are leveraged plays on the global economy, and when commodities trend lower, it has a double barreled selling effect on emerging markets.

The US Dollar has been abolished in bilateral trade between Argentina and Brazil
Toni Straka writing in SeekingAlpha article Argentina and Brazil Abolish Dollar in Bilateral Trade reports that The dollar has begun to fall out of favor in Latin America. Argentina and Brazil are the next two countries that have reduced their exposure to Federal Reserve Notes [FRNs]. According to a report by mercopress.com:

Brazilian and Argentine presidents Lula da Silva and Cristina Fernandez de Kirchner signed on Monday an agreement which officially launches the use of their countries currencies for bilateral trade instead of the US dollar.

Both sides said that bilateral trade would save forex costs, especially for smaller businesses. Bilateral trade between the two countries reached $25 billion in 2007 and is expected to soar another 20% to $30 billion this year. The agreement will be effective from October 1. Brazil sees the move as a first step towards more monetary cooperation in the Mercosur area that other countries could join as well.

"We’re giving a crucial step for a future regional monetary integration” said Lula da Silva during the official reception. "We are going to abolish the dollar as a currency in our trade" he added.

Lula da Silva pointed out that he wanted Brazil and Argentina's trade balance to be more balanced. Argentina had a 2.7 billion US dollars trade deficit with its larger neighbor Brazil in the first half of the year.

"The trade balance should be a two-way street," he said. "There has to be certain balance: one can have a small difference, one year a trade deficit and the next a surplus."

Brazil’s Central Bank said in a release that it had signed with the Argentine Central Bank an accord which establishes the rules for the Local Currencies Payments System, SML between the senior members of Mercosur.

Brazil Raises Basic Rate

On Thursday, the Brazilian Monetary Policy Committee [Copom] of the Central Bank [BC] raised the base interest rate [Selic] by 0.75 of a percentage point, from 13% to 13.75% a year. This is the fourth consecutive hike in the Selic and the highest in almost two years.

The Copom vote apparently was 5-3. Dissenters favored a half percentage point increase. In a statement, the Central Bank said it was raising rates “to promote the conversion of inflation to the target trajectory in a timely fashion.”

Even with falling commodity prices that pushed inflation lower in August to 6.17% from a three-year high of 6.37%, the orthodox central bank seems intent on insuring that demand growth does not outpace supply and keeps to the original inflation target of 4.5% for 2008. Concerns were heightened when earlier data showed the economy expanded at a 6.1% pace in the second quarter.

The Copom, after raising the Selic rate by a larger-than-expected 0.75 of a percentage point in the previous meeting on July 23, used the same language to express its goal of bringing inflation back to its target in a “timely fashion.” A central bank survey of 100 economists anticipates the Selic rate will further increase to 14.75% by year's end.

Gold Trades Up, While The Dollar, Stocks And Oil Trade Lower

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Investment report for July 31, 2008
Gold traded higher today
The chart of the gold ETF, GLD, closed up 0.63% and closed above 50 day moving average.

Gold, $gold, traded up to $913.

The US Dollar traded lower
The US Dollar, $USD, traded down to 73.23.

The USD/JPY is down from recent high above 108 to close at 107.81.

The ascending wedge pattern, which began when the Federal Reserve announced the facilities of TAF, TSLF, and PDCF, shown in this 3 month Yahoo Finance chart of USD/JPY, is about to be broken sharply lower.

World currencies traded mixed
The Australian Dollar, FXA manifested bearish engulfing ... -.15%

Stocks traded lower
Russell 2000, IWM, ... -.17%

Dow, DIA, ... -1.83

Investment bankers, KCE, ... -.69%

Banks, KBE, ... -.18%

The Brics, EEB, where many yen carry trade dollars still remain ... -2.28%

Sohu.com, SOHU, a leading edge, yen carry trade stock, as well as a leading edge, Chinese, that is FXI stock, ... -1.90%

Nasdaq leader, and 'best of breed' software provider to the banking industry, FISV, ... -3.65%

Oil traded lower
USO, traded -2.1%, to close down just under 100.

US Treasury Bonds traded up
TLT, popped up, but the pressure is still down from 92.94 on 7-15-2008, when the market sold off in response to the Federal Reserve moving to liquify and capitalize Freddie Mac and Fannie Mae ... +.99% to close up at 91.67.

The bond market place declared an interest rate hike on the 30 Year US Government Bonds, $TYX, in response to the Federal Reserve providing TAF, TSLF and PDCF assistance on March 18, 2008, and then again on July 16, in response to the Feds assistance to the GSEs. Bond market interest rates are headed higher and Treasury values and portfolios lower.

The EUR/JPY manifested bearish with a lollipop hanging man candlestick and closed lower.
EUR/JPY, the barometer of the yen carry trade, FXE:FXY, fell lower ... -.02%

Commentary
The world has passed through both 'Peak Currencies' and through 'Peak Dollar'.

Gold is rising as the world currency and means of preserving wealth.

The weekly chart of EUR/JPY, FXE:FXY weekly, shows a dramatic 0.57% fall lower, from an all time, which came in a long running ascending wedge pattern, with four weeks of rising price on falling volume.

An unwinding of the yen carry trade has commenced with interest rate differential rate investing reversing.

Investors will be buying the yen and paying back their 0.5% loans; the Bank of Japan will be foreclosing on loans not paid back, and taking whatever property was given in collateral.

Disinvestment has come out of yen carry trade favorite stocks such as the Brics, EEB, on May 19, as the TAF, TSLF, PDCF, rally ended and the EEB fell from 57.07; and then more recently on June 19 as EEB fell from 51.20, as news sources such as CEP News related the May Bank of Japan meeting minutes, which announced that inflation is an investment risk concern.

And disinvestment has also come out of world currencies, especially the commodity currencies.

The Euro, FXE, has fallen from 158.

The Australian Dollar, FXA, has fallen from an island reversal of 98 and then again fallen from 97.

The Canadian Dollar, FXC, has fallen from an island reversal and dark cloud cover of 101.5 and then again from 100.

One thing that is common to the fall of all these currencies is 'the date July 14, 2008' -- that was when the US Dollar, $USD, started to rise, as the yen carry traders and sold oil, USO, to take profit, and went long the financial sector, IYF.

Note on the chart of IFY, that "the rally is now done and over"; yesterday was a weak rise with a dragonfly candlestick; and today was a slight sell off with a gravestone doji candlestick; the chart shows bearish consolidation on falling volume. A dramatic sell off is coming within days; the yen carry traders who went long the financials will be selling; the last thing they want is to own level two asset laden, and level three asset laden stocks, that are marked to fantasy. Some type of dramatic sell off event is coming tomorrow August 1, or after the bell on August 1, or during the weekend, or next Monday August 4. The causative factor being an economic report, an announcement by the rating agencies calling debt and/or mortgage backed securities lower, or military confrontation taken by the EU US world government in response to the threat posed to global security by Iran's nuclear ambitions. One does not want to be short the oil ETF, USO, over the weekend, as it could easily gap higher on opening on Monday March 4, 2008.

Yesterday, July 30, 2007, was 'Peak Dollar'.

Now, today, July 31, 2008, gold is rising and the the dollar is falling.

The yen carry trade, EUR/JPY, FXE:FXY, will continue to unwind, causing disinvestment in both stocks and currencies. And the US dollar will be leading currencies ever downward.

The author in Calendar Yen Trading Patterns provides historical record that EUR/JPY and USD/JPY is frequently down in the month of August; this will awesomely exasperate the unwinding that is just now occurring.

US Treasury Bonds, TLT, failed on March 18, 2008 with the announcement of TAF, TSLF, and PDCF, and then again on Juiy 16 when the Federal Reserve moved to liquefy the mortgages GSEs, Freddie Mac and Fannie Mae.

In a world of increasing political tension, economic disinvestment and rising product inflation, investors are buying gold; the Resourceful Bear says: "Inflation is a stock, bond, and currency killer and a gold thriller". That is my quote, if you use it, please reference me.

The investment demand for gold is seen in the following ratios
gold relative to stocks, GLD:VTI,
gold relative to oil, GLD:USO.
gold relative to world currencies, GLD:DBV.

Gold is becoming "more dear" in terms of the important world currencies. Fresh, cup and handle patterns are starting that is going to take gold forever higher in relation to currencies. The date of May 1, 2008, was not only a World Revolution Day, but it was the day that institutional investors traded out of the high yield dividend paying stock, PEY, to go long gold with the yen carry traders, in CRB commodity futures and commodity indexed funds such as RJI, USO, and USO.
Gold in terms of the Australian Dollar: GLD:FXA
Gold in terms of the Euro: GLD:FXE
Gold in terms of the Canadian Dollar: GLD:FXC
Gold in terms of the Yen: GLD:FXY

Corey Rosenbloom provides helpful chart of gold in his article Gold’s Make or Break Zone Coming Up; it shows gold in outbreak since June 23, 2008 when the yen carry traders took heed to the May Bank of Japan meeting notes and sold out of the BRICS, EEB, and went long gold.

Geo-political analysis
Elaine Meinel Supkis relates in article Bank of Japan's 2007 Statistics relates: "The yen, representing an economy that is enjoying RECORD SURPLUSES and RECORD GROWTH, is weaker than the dollar and the euro."

However, this is just now reversing; an investment sea change is getting underway.

First, EUR/JPY is headed down; the yen is going to be getting stronger relative to the euro.

Second, USD/JPY is headed down; the US Dollar is going to win the race to the bottom, taking all currencies "right off the cliff" so as to speak.

Regional currencies may arise in South America, the Gulf oil exporting region, and in West Africa.

Investment Recommendation
While short selling may garner gains, it cannot preserve wealth, as all one has is a portfolio that is constantly depreciating in value relative to gold.

I recommend that one invest in gold with a diversified investment in gold at BullionVault.com, GoldMoney.com, and in a gold ETF such as GLD.

I also recommend that one open a Forex currency trading account and go short EUR/JPY and short USD/JPY.

Suggested Reading
How to keep your investments safe

United States Announces IV Fleet Resumes Operations Amid UNASUR's Suspicions

Matthew Flynn of the Americas Program, Center for International Policy, CIP, reports that Chief of Naval Operations Admiral Gary Roughead announced on April 24, 2008, the re-deployment of the IV Fleet.

He said that "re-establishing the Fourth Fleet recognizes the immense importance of maritime security in the southern part of the Western Hemisphere, and signals our support and interest in the civil and military maritime services in Central and South America." Effective July 1, the new command structure will have operational responsibility for U.S. Navy ships that operate in the SOUTHCOM area -- one of the six regions of the world that the Pentagon divides into unified commands.

UNASUR: The Union of South American Nations

South America's relationship with the rest of the world has changed substantially in recent years.

While the United States has been preoccupied with the War on Terrorism and focusing its attention mainly in the Middle East, South America has increased its trade relations with the rising economies of Asia. The Council on Foreign Relations recently released a report saying the United States is losing hegemony in the region and new direction is needed.5 The Council's Task Force on Latin America bluntly states this new reality: "If there was an era of U.S. hegemony in Latin America, it is over."

The latest move toward building continental unity was announced on May 23. The presidents of 12 South American nations gathered in Brasilia, the capital of Brazil, to sign on to UNASUR. This follows up on efforts begun in December 2004 when the region's countries pledged to create the South American Community of Nations. The latest gathering may seem like yet another attempt at unifying under a new name, alongside Mercosur, Andean Community, and Pacific Arc, to name a few. However, the new institution will be recognized as a formal international organization and will create a stronger forum to work toward integration among the 12 countries of South America, home to 360 million people and a gross domestic product (GDP) of US$2.5 trillion (in 2006 dollars).

UNASUR pledges to work on developing a common customs union, currency, and passport. As outlined in previous agreements, the Union plans to establish executive headquarters in Ecuador, a South American parliament in Bolivia, and the Bank of the South in Venezuela. The twist on this effort is Brazil's proposal to create a South American Defense Council comprised of the region's ministers of defense. Celso Amorin, Brazil's minister of foreign affairs, said that the purpose of the council is to provide a "space for dialogue between the militaries of the countries of the region in order to formulate policies and prevent conflicts."

the nations' leaders finally are able to breathe life into the South American Defense Council and obtain the active participation of all the member countries, it could achieve two long-desired objectives. First, while South American unity remains far removed from the degree of institutionalization of its model entity—the European Union—at least the region will have achieved what the African Union has accomplished in policing its area. Second, instead of relying on the Organization of American States (OAS), seen as dominated by the United States, the continent's leaders will have formal space to resolve internal conflicts and define a common agenda.

U.S. Strategic Posturing in South America

South America's growing political independence as a region raises the question: what is the United States' role in the area? To answer, first it is necessary to define U.S. interests. According to Lieutenant Vasquez of SouthCom, "Thirty-eight percent of U.S. global trade is with countries in the Western Hemisphere and we import 34% of our oil from the region. Two-thirds of ships that transit the Panama Canal are bound for U.S. ports." SouthCom's priorities also include counter-terrorism, counternarcotics, and engagement of the region's militaries via joint training exercises. Secondary missions are arms control and non-proliferation, humanitarian and civic assistance, search and rescue, and disaster relief.

In this scheme, re-activating the IV Fleet would seem to respond to objectives aimed at keeping sea lanes open for trade and closed to illicit trafficking. "The stature of a Fleet sends the right signal even to those that are not our greatest supporters," Admiral Jim Stevenson told a Bloggers Roundtable.

South America to Introduce Common Currency, da Silva Says

Icpress reports that Brazilian President Luiz Inacio Lula da Silva in his weekly radio program stated that South American nations will seek a common currency as part of the region’s integration efforts following the creation of the Union of South American Nations, UNASUR.

“We are proceeding so as, in the future, we have a common central bank and a common currency”, stressed Lula.

The Brazilian leader said the creation of Unasur will become the first step towards the creation of the Latin American uniform currency.

The Union’s headquarters will be located in Ecuador. The South American Parliament will be located in Bolivia, while its bank, the Bank of the South will be located in Colombia.

The heads of state of 12 South American countries signed a treaty on May 23, 2008, in Brasilia on the creation of Unasur aimed at boosting economic integration and political cohesion in the region. Unasur is predicted to evolve in a complete union like that of the EU.

GCC Urged To Reconsider Dollar Policy

Asa Fitch of TheNational writes that the Government of Abu Dhabi has called for a “rethink” of monetary policy across the GCC, including the US dollar peg, amid rising inflation, record oil prices and fading prospects for a single regional currency by 2010.

Regional Currencies May Arise As Countries Depeg From The US Dollar

Krishna Guha of Financial Times reporst that: "Overheating emerging markets are fuelling inflation around the world by pushing up commodity prices", Don Kohn, vice-chairman of the Federal Reserve, suggested ... Mr Kohn appeared to call on these nations to loosen their exchange rate pegs to the dollar and adopt more independent monetary policies - so they no longer import Fed monetary policy that is not suited to their own economic outlook.

South American Union Will Also Have Its Own Common Currency

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School psychologist and born existentialist, Barbara L. Minton, writing in NaturalNews.com reports that the South American Union, UNASUR, will also have its own common currency:

Brazilian President Luiz Inacio Lula da Silva recently revealed that the South American countries are planning for a common currency as part of the integration of the individual countries into the Union of South American Nations. This integration is patterned after the formation of the European Union, and parallels the plan for the North American Union.

The union of South American nations would create a trade block designed to be competitive with the European and North American trade blocks. Central to the formation of the union is the creation of a central bank to oversee the new common currency that would replace the currencies of the individual countries in the block. In a recent broadcast, President Lula stated that he sees the implementation of this plan as not being a fast one.

In his message, the president stressed the need to help the countries of South America that are economically weak, such as Paraguay, Uruguay and Bolivia. "We have to help them because the stronger the countries in South America economically are, the more tranquility, peace, democracy, trade, companies, jobs, incomes and development".

Another unfolding feature of the South American Union similar to that of the North American Union is its dependence on newly created infrastructure. The South American alliance will promote the cross-nation construction of railroads, highways, bridges and transmission lines that will connect the entire region resulting in smooth interaction and movement within the trading block. The NAFTA and CAFTA Superhighways epitomize the infrastructural development of the North American Union trading block.

The union plan also calls for a regional defense council, apparently the beginning of the imposition of a regional government. This council would resolve regional conflicts, promote military cooperation and allow for the regional coordination of weapons production, much as the military integration of Canada and the U.S. initiates the unification of governments in the North American Countries.

The plan to establish a new common currency for the Union of South American Nations is the latest development in the initiation of common currencies representative of multi-country trading blocks. The euro was the first trade block currency, established as part of the European Union. The amero is the name of what may be the North American Union's counterpart to the euro, debuting after economic integration and homogenization of Mexico, the U.S. and Canada have been completed, at exchange rates that represent the lowered standard of living of the Americans and the Canadians.

Critics of the Union of South American Nations' efforts to establish a common currency see it as playing right into the hands of the world banking cartel. The clustering and assimilation of currencies facilitates the eventual merger into a one world currency promoted by the Council on Foreign Relations and its political puppets. They see the move toward the South American Union with its single currency as easily fitting with the European Union and current efforts to establish the North American Union. Once the formation of these major trading blocks is completed, the next step would be the unification of the blocks into a one world government.

This one world government is sometimes referred to as the New World Order. The Council on Foreign Relations, CFR, has openly stated that its intentions are to bring about the surrender of the sovereignty of the national independence of the U.S. with the aim of creating a one world government. The Council, referred to as CFR, has influence in all vital areas of American life and around the world. Members have run or are running the major media outlets including NBC, CBS, the New York Times, the Washington Post, and many other publications.

CFR members dominate the political world. U.S. presidents since Franklin Roosevelt, FDR, have been CFR members, with the exception of Ronald Reagan. CFR members also dominate the academic world, top corporations, unions and the military. They are on the board of directors of the Federal Reserve. Barack Obama and John McCain are CFR members, as well as the Bushes and the Clintons. There are many corporate members of the CFR. CFR plans are not subject to the scrutiny, debate, or vote of the people. Discussion of the plans has been conspicuously absent from the endless debating of the presidential candidates.

Related
The End Of National Currency by Benn Steil writing in Foreign Affairs.















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