Hmmm...

The powers that be moved the dollar from based on gold to a comodity during the Nixon years. The outlook for any traded currency only lasts for 25 to 30 years before collapse. Get ready for introduction of the Amero. Which is going to be the currency of north America (Mexico, Canada, USA). This is currently being minted in Denver. No longer soverign. Yeah!

Interesting. While I do think that this kind of report may be some overzealous fearmongering during this time of the dollar's recession, I hadn't really thought about the idea of a unified North American currency. Of course, I'm not glib enough to think that the dollar would never crash, either.

Let's say this "Amero" thing were to happen...I wonder what that would do to the influx of people from Mexico. If we had a common currency, all of a sudden the standard of living gets equalized (or close to it) pretty quick - would there be incentive to come here if there wasn't some monetary advantage to doing so? From the other border, I wonder what that would do for Canada - would their standard of living change as a result? Would ours?

it is going to have to take a complete collapse of the american economy to get the "one world" market for the anti-christ to rule and reign. even our politicians are starting to hint at this with subtle comments like, "we know that throughout history, civilizations based on democracy only last about 250 years."

now let me go on my rant.

this is what debt spending (spending more than what we are worth; see housing market and "interest only loans"), passing the interest and debt to the future, and not demanding that congress/senate/president balance the nation's budget every year allowing them to leave it for the future generations.

the concept by reagan for passing this down to the future generations, was built on the hope that the markets would rebound, we would take care of our debt as a nation, and move one continuing with a good market. this didn't account for war-time scenarios, the price of oil inflation, nor the housing market inflation, nor continued credit/debt spending.

the average american has interest only loans for a home costing $800,000+. these loans are at a fixed rate for 7 years, and then the rate rises, and you have to start paying on principle. the concept was designed with the idea that the homeowner would move out in 5 years into another house. but people are buying "dream homes" on these types of loans, and having them foreclosed when they can't pay the principle nor financially handle the increased interest rate.

we blew the opportunity to balance the budget, get out of debt, and continue to live in a thriving market during the clinton years as a nation. now we are facing that consequence that was accelerated by 9/11 and the invasion in iraq/afghanistan.

the only way to get out of it is by facing our debt individually and as a nation. yes, that means hard times of recession; but no politician wants to go through that. so they'd rather let the american economy collapse. thanks for working for the "people!"

I'm continuously amazed that the average individual credit card debt is between $8,000 - $10,000. That's average. Lump in school loans, house loans, etc. and you're talking accrued debt into the hundreds of thousands in many cases. Unbelievably.

I retract my previous statement about this being the wrong time to move into a new apartment. I think that perhaps this is the perfect time to move into an apartment and not be tied down to a house that I can't afford.

don't forget about multiple car payments!

To the point about the "Amero" I found this little story on the Dallas Morning News, that could be viewed at this site:

http://www.dallasnews.com/sharedcontent/dws/bus/columnists/jlanders/stories/DN-landers_11bus.ART0.State.Edition1.35adab4.html

Here's a tidbit from it:
"There's a phony story going around about a mythical currency that's supposed to replace the dollar called the 'amero.'

New Jersey blogger Hal Turner says a friend in the U.S. Treasury smuggled him a 20-amero coin made at the U.S. Mint in Denver – evidence, he writes, of a conspiracy to unite the United States, Canada and Mexico in a North American Union.

Well, you can get as many of these 20-amero coins as you want for $9 apiece – which would be a steal if it were a real currency. Just check with Daniel Carr at www.dc-coin.com. Mr. Carr makes the coin touted by Mr. Turner, along with other gag coins, such as his phony Texas quarter bearing the motto 'Alaska could swallow us whole.'