Canada, the U.S. and Mexico are destined to be one more major currency block, under the proposed Amero. Russell McDougal in Investor’s Daily Edge says it’s a plan cooked up by elitists. And it’s only one step away from the loss of national sovereignty…

First of all, we need to comprehend exactly what is to bring forth this new “arrangement.” What is wrong with the old one?

The dollar is on life support. The failing debt markets in the U.S. are the foundation of the dollar. The buck has seen no fundamental improvements that account for its most recent upward move. Consider it a bounce in a long-term bear market. The dollar index had not been under the 80 level since the mid-90s, not even when Nixon removed its gold backing in the early 1970s.

You may review my four part series from a year ago entitled “The Buck has a Stage 4 Malignancy” for my rationale regarding the dollar end game scenario. (Part 1, Part 2, Part 3, Part 4.)

For the purposes of this article we’re going to look at life after the dollar. Another series is likely under way.

One of the main things propping up the dollar currently is the fact that most other currencies are trash in their own right. The euro has its own problems. So does the British pound and the Canadian loonie. The one solid currency, gold, gets trashed on a semi-regular basis.

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You’re not supposed to opt out of the fiat system with such an alternative. Still, gold persists in grinding higher.

The Amero is deigned to be the currency used by the US, Canada and Mexico. I’m not the only one who sees the dollar demise. Our president is in on the fix. It’s hard to keep up with all the various schemes of the elitists who believe they know what is best. Best for who?

I travel to Canada and Mexico on a fairly regular basis. At the risk of generating scorn from our neighbors and allies… please permit a few generalizations. It seems the Canadian people have no desire of being assimilated into a larger regional currency system or country. Neither do the citizens of the US for that matter. Apparently the people of Mexico would love to link up with the US. There are somewhere near 12 million illegal immigrants in the US. Many are making their way back home because of the present economic malaise in the US.

Maybe some of our Mexican readers can correct me on these premises. Do Mexicans, as a whole, desire national sovereignty on a long term basis? Would you welcome a North American Union?

There is tremendous chaos in Mexico. Corruption and instability abound. The U.S. is also in an extreme economic crisis. Dramatic changes often come forth during times of crisis. Order comes out of chaos… New World Order. You will want to watch for it.

Let’s take a quick time out here. We had a lot of fun with the locals during my recent trip to Vancouver. We persisted on asking a cabbie, a concierge or a local where to go for the best Canadian food around. All were pretty dumbfounded at the request which was made in jest. What exactly is Canadian food? Doesn’t every country have peculiar culinary delights?

We heard about halibut, maple syrup, french fries with mayo and bacon. What else do Canadians specialize in? This is important, especially if we’ll soon be one big happy family. The food we enjoyed was primarily multi-ethnic and was superb.

Why would elitists want to combine these sovereign countries? It’s always about power and money. Canada is incredibly rich in natural resources. The US is rich in financial shenanigans and good old fashioned know how. Mexico has both resources and plentiful labor.

The sovereignty of all three countries is at risk. Treaties are made that make end runs around the U.S. Constitution (and others). Borders are left unprotected. Road maps to a currency union are drawn up.

A common currency is only an initial step. National sovereignty comes later. The twenty-seven nation European Union and its euro are the prototype. Bigger is supposedly better. Centralized power over as many citizens as possible is the goal.

Source: My Fellow Amero-cans