What if there was no shortage of money and everyone had at least enough to satisfy all of their basic needs while still performing a useful role in society?
What if there was enough money to not just construct and maintain infrastructure but to build new, advanced, intelligently designed systems so that everyone could enjoy carbon-free transportation and energy and have clean water, fresh healthy food, a comfortable home and access to the best education and health care?
What would that look like?
The idea sounds like a utopian fantasy, doesn’t it? What if it were actually possible? Could we allow ourselves to consider such a thing?
To contemplate such a possibility, we have to change the way we think about money and begin to understand what money really is and where it is headed in the near future.
For some, the reality of money and its likely future may be surprising.
The History of Money
Money is a store of value that has taken a lot of different forms throughout human history.
For most of human history, people just traded the things they had for the things they needed, and it wasn’t until about 600 BC that the first currency was created. For a long time, money in most countries consisted of precious metals in the form of coins, and it took until 1161 for the first paper money to be printed. In the 1100s and 1200s, the Knights Templar developed the first banks, checks and money transfers.
In the Micronesian Yap Islands, money consisted of large round stones.
In 1860, Western Union started telegraph money transfers – a service it continues to supply today through the Internet.
The first credit card was introduced in 1946.
Throughout history, money was officially convertible into another commodity. The U.S. dollar was convertible to gold from 1879 until the Great Depression, when President Franklin D. Roosevelt banned public ownership of gold in 1933 and people were required to sell their gold to the government at $20.67/ounce. However, the dollar was still tied to gold and the government declared the value of gold to be $35/ounce, but people couldn’t convert dollars to gold. That rate persisted until President Richard Nixon took the United States completely off the gold standard in 1971 and the value of gold and the dollar were allowed to be determined by market forces.
Currencies that are not backed by a physical commodity but are deemed official national currencies are called fiat currencies, and today most currencies are fiat. However, with deep concerns about the U.S. dollar, there are movements to once again tie currencies to gold. Back in March, China made its yuan used in the purchase of oil futures in the Shanghai International Energy Exchange convertible to gold and has been stockpiling large amounts of gold for several years. Russia has also been stockpiling massive amounts of gold, and it is believed that it will back the ruble with gold if necessary to support its value.
At the start of World War II, many nations in Europe sent their gold to the United States for safekeeping. But fear of the political instability in the country, the potential collapse of the dollar and the disintegration of the European Union has caused some of those countries to recently repatriate their gold.
The U.S. Federal Reserve System
At the infamous meeting of oligarchs for ten days on Jekyll Island, Georgia in 1910, a scheme was hatched for them to seize control of the American money supply and in 1913 the United States privatized its central bank through the Federal Reserve Act after a series of financial crises were orchestrated by the same oligarchs. They were able to gain control over the American money supply through their banks and the Federal Reserve System (the Fed).
Americans don’t own their own currency. The U.S. dollar is owned by the Fed, which is owned and controlled by the largest private banks.
The Fed considers itself “an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.”
It should be noted that management of the Fed is appointed by the President. The chair and seven members of the Board of Governors are nominated by the President and confirmed by the Senate.
Because the Fed is controlled by the oligarchy, it serves the interests of the oligarchy more than it does the taxpayers. A good example of this is the current chair, Jerome Powell, appointed by Trump.
Powell worked for The Carlyle Group from 1997 to 2005. The notorious private equity firm – perhaps the largest in the world – held its annual investor meeting on September 11, 2001, in which the guest of honor was a member of the bin Laden family: Shafiq bin Laden, half-brother of Osama bin Laden. At the meeting, Shafiq met with George H. W. Bush and Secretary of State James Baker.
After the 9/11 attacks, members of the bin Laden family, including Shafiq, were flown out of the United States on Ryanair flight 441, a Boeing 727 with tail number N521DB that was “chartered frequently by the White House for the press corps traveling with President Bush.”
The 9/11 attacks provided the excuse needed by the oligarchy’s war industry to launch a forever war and divert vast sums of taxpayer money to the military from where much of it is redirected back to the oligarchy.
Despite a number of congressional investigations and orders, the Pentagon still refuses to account for more than $10 trillion in taxpayer funds that it has received.
In addition, researchers have discovered, Government Accountability Office (GAO) documents that show tens of trillions of extra money that flowed from the Fed to federal agencies that was not budgeted and that the agencies were not supposed to receive and have failed to account for. Taxpayers have to wonder how much of that mystery money they are on the hook for and where the money really went since it wasn’t spent on the services the agencies are supposed to provide.
The Fed has never been audited by the U.S. government, and auditing by the GAO is actually prohibited by law. So, the American people don’t really know what the Fed does on their behalf and how much fraud and theft is being carried out behind the cloak of secrecy that the Fed enjoys.
With the long history of criminal activity by the large banks who own the Fed, it is a safe bet that they have a lot to hide from the American people.
Numerous congressional attempts have been made to change the law in order to allow an audit of the Fed, and more than 75% of Americans want it to be audited, yet legislation is somehow mysteriously defeated every time – often by the same politicians who claimed to support an audit.
The current bill – S.16 - Federal Reserve Transparency Act of 2017 – was introduced by Senator Rand Paul on January 3, 2017, but remains stuck in the oligarch-controlled Committee on Banking, Housing, and Urban Affairs.
Many people believe that the Fed has done a great job managing America’s money supply but fail to consider the massive un-payable debt, growing income disparity, decaying infrastructure and increasing poverty and homelessness.
If the Fed is serving the interests of the people, why is the United States at the bottom of so many socioeconomic and environmental benchmarks for developing nations when it is still one of the richest countries and should be near the top?
The End of the Dollar as the International Currency
While every sovereign nation has the right to mint its own currency, it can’t mint another nation’s currency, and when doing business internationally, it must use a currency that is accepted internationally.
Until fairly recently, the dollar was the primary international currency, and even after the creation of the Euro, the dollar continued to reign supreme.
The dollar has not just been the primary currency used for international business but has also been the main currency for international debt.
Organizations such as the U.S.-dominated World Bank and International Monetary Fund (IMF) have been some of the primary sources for much of the international lending in dollars, but many of the loans were engineered to enrich American and European interests at the expense of the borrowing nations.
For decades, dollar loans were pushed onto countries on the condition that the money be used to pay for American or European contractors and suppliers at inflated rates. So, most of the dollars did not stay in the borrowing country to pay off the loan and provided little economic benefit to the borrowing nation. The borrower then had to export their needed commodities and often cut funding to essential social programs in order to pay off the loans. So, in too many cases, the so called aid was a primary driver of poverty.
Many countries today continue to be impoverished to service foreign debt that wasn’t necessary in the first place.
While the era of predatory lending from the World Bank and IMF is mostly a thing of the past, the decades of malicious dollar loans, combined with the CIA’s black ops against those resistant to the U.S. dollar domination, has driven many nations to seek alternatives, and this is reducing the need for large amounts of dollars previously used for international loans.
One of the new finance alternatives is the China-dominated Asian Infrastructure Investment Bank (AIIB). Founded in 2014, the AIIB makes loans in currencies other than the dollar and doesn’t require its borrowers to compromise the welfare of their citizens to receive loans.
China’s new gold-backed petro-yuan is challenging dollar-based oil markets and will ultimately displace hundreds of billions of dollars.
Trade between Russia, Iran, Pakistan and China is no longer being done in dollars.
The de-dollarization of the world’s economy will continue to accelerate and render large amounts of dollars surplus.
Too Much Debt – Too Many Dollars
In the United States and many other countries, new money is created primarily through debt. Banks are allowed to use fractional reserve lending to create new money by making loans for money they don’t have. The banks don’t print physical money but just create debits and credits in a computer and – voila – new money appears. Banks essentially have a license to manufacture money out of thin air, and when interest rates were near zero, they made a lot of very large loans and the money supply and debt grew exponentially.
When it comes to U.S. dollars, there are simply far too many of them, concentrated in too few hands, with tens of trillions stashed in offshore accounts and trillions more slushing around in the financial system.
Over the past few decades, borrowing in the United States has replaced sound economic management as each successive administration loots ever more and more.
In 2017 the interest cost alone for just the federal debt was $548 billion – about one-third of the individual income tax. This year it will be much higher as the Fed keeps raising interest rates and the federal debt climbs higher and higher. Most of the rest of individual's federal income taxes go to the military, which is the primary cause of the debt and interest on the debt.
Just before the United States gave control of its money supply over to the Fed, the federal debt was only $2.8 billion. Today it is about $21 trillion, the highest level of debt to GDP since it spiked for a few years after World War II.
Because America can’t even pay the interest on its federal debt without borrowing more money, the United States must keep borrowing more and more.
Borrowing costs are increasing as the Fed raises interest rates and as the U.S. debt becomes less attractive to investors and they demand higher returns. At the current trajectory, annual interest payments will reach $1 trillion in the not-too-distant future.
To justify the U.S. debt, some point to other nations as having a higher debt ratio to GDP, and it is true that the United States has the world’s 14th-highest ratio of debt to GDP and less than half that of Japan. While there is no danger of the United States defaulting on its debt today, the future is a different story.
Considering that there is only a total of about $3.6 trillion in active circulation, it is obvious that the federal debt can’t be paid anytime soon – if ever – and without a fundamental restructuring of the U.S. government, the debt interest will ultimately cause a failure of the American economy because it can’t possibly grow fast enough to keep pace with the debt cost.
The danger of too much debt is not just at the federal level. The IMF is just one of the organizations that is issuing warnings about the U.S. economy and the increase in its interest rates. Its April 2017 Global Financial Stability Report warned that projected interest rises could throw 22% of U.S. corporations into default.
Many states, counties, cities and individuals are also carrying a very heavy debt load and have little wiggle room. Many will default as interest rates continue to climb.
Inflation, Devaluation and Disparity
With the high level of indebtedness at every level of the economy, the increase in interest rates will cause more rapid inflation as the higher interest costs ripple through the economy.
If the United States were not an oligarchy, the vast wealth held by just 1% of the population could be used to pay down the debt and circulate in the economy and raise the standard of living for the other 99%.
However, because the United States is a capitalist oligarchy, the rich keep getting richer and hoarding the wealth while most everyone else gets poorer because their wages don’t keep pace with the inflation caused by the wealthy.
One of the dangers of all that money being secreted away in offshore accounts is that the dollar is losing its position as the international currency and is declining in value. At some point the people who own the surplus dollars will see that their wealth is shrinking too much and will try to sell their dollars. To shield their wealth from the declining dollar, they have already been pouring their money into stocks, gold and real estate, but there is a limit to how much can be absorbed that way.
With the massive surplus of dollars scattered around the world and other countries increasingly getting off the dollar, the surplus is growing and the dollar’s real value can only continue to decline – and the pace of this is likely to accelerate.
At some point the oligarch herd will be sufficiently spooked and start dumping dollars onto currency markets.
Reducing the Dollar Supply
The Fed certainly knows that there are too many dollars, and it is retiring some dollars as bonds are paid off. While this will help shrink the dollar supply, it is not enough. Tens of trillions of dollars need to be removed from the money supply, but the mega-wealthy, who hold much of the money, aren’t going to just give it up.
Is a Dollar Collapse Inevitable?
While there is general agreement that the dollar will continue to weaken, a growing number of economists and financial experts have been warning of the collapse of the dollar and a crash of not just the U.S. economy but the world economy.
Economist Jim Rogers believes that it is the astronomical debt that will cause this collapse. Economist Richard Wolff points to the rot within the U.S. government and the failure of the capitalist system when growth has reached its limit. Financial specialist David Marsh claims that the dollar crash will be less severe and more like the one seen in the 1980s, when interest rates were 20%.
It should be remembered that most economists are too myopic and constrained by obsolete economic philosophies to be able to predict substantial economic changes. However, an increasing number of economists are predicting that when the dollar declines too much in value, it will apply pressure on not just U.S. corporations who do business internationally but also on the rest of the world that uses dollars. The cost of imports in the United States will skyrocket, and inflation will grow out of control. Defaults on the massive amount of public and private dollar debt will then trigger some of the $1.2 quadrillion in derivatives, and an economic tsunami will sweep the planet.
For those who are optimistic and believe that the dollar will somehow continue to lead the world, it might help to consider the broader picture.
FACT: The only way the United States can cope with its massive debt in the future is with substantial growth or severe austerity.
The Trump administration is already imposing some austerity, but only on the 99% and only to make the 1% even richer.
In a normal government, austerity is intended to reduce budget deficits and debt, but in the case of the United States, it is massively increasing the budget deficit and debt.
As many U.S. federal agencies are being de-funded by the current administration and more money is being shifted to corporations, the wealthy and the military, where it is easier to loot, there are growing budget shortfalls at the state and local levels and most taxpayers are no longer willing to pay for these shortfalls with higher local taxes.
As a result, the debt and tax system is starting to fail in some communities as taxpayers reject bond issues to borrow more money and raise taxes further. Important infrastructure projects and critical social programs required to support economic well-being are simply going without the necessary funding, and the future costs to repair the neglect are being multiplied with no foreseeable way to crawl out of the holes being created.
U.S. productivity and competitiveness are declining, and there are severe labor shortages in key industries. Many companies cannot expand even if they want to because the skilled workers are simply not available. At the same time, the flow of new immigrant workers is being drastically reduced and the undocumented workforce is being deported. This will further limit the ability of the economy to grow.
An aging population will continue to shrink the workforce and increase social costs while reducing tax revenues.
Further automation is going to eliminate many skilled and unskilled jobs and the taxes that go with them. While some of the workers displaced by automation could be retrained for other jobs, many will remain unsuitable or the required training will be too expensive or take too long. Not everyone displaced by a robot can be trained to become an engineer, doctor, chemist or other skilled worker, and many of those from retail service jobs won’t take jobs as construction workers or fruit pickers.
The United States is unlikely to significantly regrow its manufacturing base for several reasons. One big reason is that it simply can’t compete with other countries that have vastly lower labor costs, greater access to raw materials and more effective government.
The Trump administration's attempts to level the playing field by imposing tariffs on the products of more competitive countries means also reducing America's export market as those countries retaliate with their own tariffs. Imposing tariffs on raw materials will make American products even more expensive and further reduce needed export markets and domestic consumption.
Imposing sanctions on countries that resist America’s predatory foreign policy also reduces export markets and drives the growth of foreign business competitors. U.S. sanctions on Russia and Iran have not just closed those markets to American companies but has driven the countries to become more resilient and independent and build relationships with companies in other countries, further reducing American business capacity and competitiveness.
The U.S. embraced widespread globalization and enjoyed many of the initial benefits, but is now suffering the long-term consequences. De-globalization is not a viable option for the U.S. and without effective policy it will continue to lose its global economic position.
America’s agricultural output will decline as climate change becomes more severe and markets shift further toward organic and non-GMO crops. Increased automation in agriculture will reduce the few agricultural jobs remaining.
The global market for America’s oil and gas will start to decline soon as other countries shift more rapidly to renewables and more electric cars hit the road.
Americans are no longer wealthy enough to support a sizable consumer and service economy, and the “Amazon-ization” of retail will continue to eliminate retail jobs.
When the United States lost its agricultural economy to mechanization, it switched to manufacturing; with the loss of manufacturing to Asia, it then switched to a war-, consumer- and debt-based economy and borrowed the money to sustain the standard of living Americans had grown used to but could no longer afford in reality.
America’s largest industry by far is the war industry. Expanding America’s war economy won’t work for long because a war economy creates too many enemies who stop buying American debt and stop doing business with the country. U.S. war-mongering is already resulting in a loss of business and loans from a growing number of countries and rejection of the dollar as an international currency. Making enemies for the sake of war profits is incredibly stupid and evil, and the consequences of decades of engineering war are now starting to come back to bite Americans.
Climate change cost the United States at least $300 billion last year, yet the federal government doesn’t believe in climate change and is not budgeting money to pay for its damage or adapt to it. The meager budgets for combating the effects of climate change were quickly exhausted in 2017. As the costs continue to increase where will the money come from to cope with the increased forest fires, crop failures, droughts, floods, tornadoes and hurricanes? Borrow it? The U.S. can't expect the rest of the world to keep its sinking ship afloat forever.
Without higher wages, the consumer economy can't grow.
The stark reality is that without solid infrastructure, an influx of skilled labor, effective education, access to low-cost raw materials and export markets, the U.S. economy simply can’t grow in a meaningful way.
So, how can the U.S. economy grow enough under the current administration to sustain its debt if the limits of growth have already been reached?
The monthly and quarterly economic figures from Washington that purport to show growth, often really show only inflation. Inflation is not economic growth. Pumping borrowed money into an economy and siphoning it off to the 1% doesn't create real growth.
It is true that the tax cut on repatriated offshore profits is pumping a lot of money into the pockets of stockholders of some of the largest companies and that money will be used by the wealthy for bigger mansions, more jets, yachts, expensive cars, jewelry and art. Some of that will trickle down to the 99% and help delay the inevitable economic train wreck for a while.
The Future of the Dollar
The current economic system is dependent upon continued growth in a finite system that has hard limits. Exceeding those limits will always result in collapse.
Once we get past the delusion of perpetual growth we can look at the bigger picture and run the numbers.
When we do that, it becomes obvious that if something doesn't change we will soon start hitting immovable barriers. Given our history, we are going to hit the barriers because we and the systems we have created cannot change quickly enough. And of course the people in control of things are responsible for us hitting the barriers in the first place.
The next big question is, what happens when the United States can’t keep borrowing the money to pay the exploding interest on its skyrocketing, unsustainable and un-payable debt?
Beyond the obvious budgetary consequences of the federal government running out of money, there is what happens to the U.S. dollar.
Because the value of the dollar is determined to a great extent by international market forces and there are tens of trillions of dollars being held in offshore accounts, a default or even approaching default by the United States on debt service would end the country's ability to borrow more money and likely trigger a rapid devaluation as those holding dollars seek to get out of the dollar at any price before a collapse and currency markets are flooded with cheap dollars.
A credit freeze and rapid devaluation of the dollar would trigger much of the known and unknown derivatives market, estimated at $1.2 quadrillion. This means cascading bankruptcies of the largest companies and massive layoffs.
Because the dollar is deeply ingrained in the world economy, a collapse of the dollar would have a domino effect that would be vastly worse than was experienced during the Great Depression of the 1930s and the Great Recession of 2007 (caused by the subprime-mortgage scam, which was manufactured by the same international bankers who control the Fed).
Some believe that the Great Recession was deliberately caused as a test run for a much greater engineered economic disaster coming in the not-too-distant future.
Money has long been used by those in power to control the masses for their own benefit, and the current economic system has enabled the rich to get richer and increase their control around the world. The old joke “the golden rule is that whoever controls the gold makes the rules” has been too true for too long.
Collapsing the dollar could serve the interests of those in power by creating conditions under which they can further consolidate their power – just as they did during the Great Recession.
How the AMERO Could Change Things
While it is illegal for citizens to mint national currency, in most countries it is not illegal for them to create and use virtual or digital currencies.
Recent technological developments make it possible for individuals and organizations to create counterfeit-proof digital currencies (based on cryptography) called cryptocurrencies.
There are now more than a thousand different cryptocurrencies being promoted. A few of them have real value, and some can be redeemed for a wide range of goods and services and for hard currency. However, most existing cryptocurrencies are unsuitable for actual commerce on a larger scale due to their volatility and limited acceptance and so are used primarily as investment and trading commodities.
In 1999, Dr. Herbert G. Grubel of Canada’s Fraser Institute published a white paper in which he explored the potential benefits of a North American monetary union and proposed a regional currency named the Amero. The paper spawned years of conspiracy theories about a North American union, but the Amero was never officially considered and Obama ended official discussion of such a union.
It is true that for the U.S. to compete with Asia and Russia it needs Canada's natural resources and Mexico's labor, but there is no way that citizens would support such a union.
While a North American monetary union is not likely to occur before the dollar collapses, a North American digital currency called the AMERO is just about to become a reality, thanks to modern technology and the growing need for an alternative to the U.S. dollar and existing economic system.
The AMERO will launch June 4th, 2018.
The AMERO is not like other cryptocurrencies. It is designed specifically for commerce and to be suitable for government-to-business (G2B) and business-to-business (B2B) transactions. It is centrally managed, accountable, secure, stable and sustainable.
90% will be given to government agencies, non-profit organizations and for important R&D. The grants to government agencies will be transparent and publicly reported. (Grants for anti-corruption, security or other sensitive programs may not be disclosed with full details.)
The AMERO is being launched in the well-established G2B and B2B Bid Ocean/North America Procurement Council (NAPC)/Trillions network, which already reaches millions of users. It is a natural extension of the existing state and national G2B/B2B portals created by the NAPC and given to the people.
The NAPC’s parent company, Bid Ocean, was founded in 2001 and has been profitable every year and grown steadily and organically. The AMERO is not a start-up and is not reliant on any outside funding.
The AMERO is not intended to replace national currencies but to function as a parallel and secondary regional and international currency.
Current economic and political conditions necessitate a regional currency. Modern technology makes it possible for the currency to be digital. The current regulatory environment makes it legally possible.
Because 90% of the AMERO will initially be given as grants to government agencies, it will generate the necessary government support.
Because hundreds of billions of the AMERO will be given as grants to important development projects and programs, it will help fund positive change without debt or the need for taxes to pay for debt.
As an international currency, the AMERO will eliminate the need for countries to compromise their financial well-being for national currencies such as the dollar, euro or yuan.
The AMERO is designed to be secure, stable and sustainable. It is not anonymous and every buyer, seller, coin and transaction will be authenticated.
It is not suitable for money laundering or supporting other criminal activity.
AMERO and Taxes
The AMERO can greatly reduce the need for income, property and sales taxes for several years because it will provide a new debt-free funding source. This will enable local government agencies to either temporarily roll back taxes or conserve dollars from existing taxes and pay down debt or fund important projects and programs that would otherwise not get funded.
When loans are paid off or paid down, the money previously paid in interest, principal and fees will stay in the local economy and generate greater prosperity for the 99%.
There will certainly be a limit to how much of the AMERO will be freely distributed; otherwise, it will create the same oversupply problems as the dollar. Availability will have to be balanced with scarcity and acceptance to ensure a stable value.
For businesses and individuals who use the AMERO, the taxation issue is still evolving. At present, the U.S. government does not classify digital assets (digital currencies) as money, but profits from trading in them are taxable as capital gains. So, it is most likely that for the foreseeable future, AMERO profits would only be taxed when converted to a national currency. We are monitoring this issue closely and developing solutions in case unreasonable taxes are imposed on the AMERO.
Over the long term, the AMERO may need to be taxed (as the dollar is now), but for several years, it will actually reduce the need for taxation.
AMERO and Economic and Social Development
A temporary debt-free source of funding can be a huge game changer for every country that accepts the AMERO. For the long term, the AMERO can remain interest-free, which will also provide huge benefits and prevent the present dire economic circumstances.
With effective management, the AMERO can help pay for education, housing, health care, infrastructure, environmental restoration and climate-change adaptation as well as reduce debt. At the same time, the increased economic activity will create employment and expand the tax base.
With sufficient acceptance, the AMERO can drastically reduce or eliminate poverty where dollar aid had previously failed to make a sufficient impact.
Because it is not yet convertible to hard currency and the AMERO is not anonymous it is not suitable for money laundering, kickbacks, pay-offs or other elements of corruption; as a result, it will reduce the potential for corruption and can be more easily limited to its intended purpose.
Because the AMERO is a people’s currency and can be used without government interference and bureaucracy, the corruption and incompetence that contributes to poverty can be more easily overcome.
As an international currency intended primarily for North and Central America and the Caribbean, the AMERO will reduce trade barriers and invigorate trade and development in the AMERO’s economic region.
AMERO’s Benefits to Business
Using the AMERO provides numerous and substantial benefits to businesses, including the following:
- conservation of capital
- less need to borrow money
- reduced operating cost
- greater competitiveness
- new and better opportunities
- higher profit
- higher quality and more loyal employees
Companies who sign up now to accept the AMERO will receive up to 2,500 free AMERO plus matching AMERO for qualified transactions for the first 90 days after the launch. For some small businesses, this could be a huge boost. For others, it is a good start toward greater success.
AMERO vendors are currently listed in the AMERO directories throughout the Bid Ocean/NAPC/Trillions network, which is visited by millions of unique visitors each year.
Each vendor has their own page where they can display their company profile, logo, videos, brochures, catalogs, etc.
An e-commerce system will be online in the near future, which will make it easier for buyers to purchase goods and services from AMERO vendors.
AMERO vendors will also be able to propose and facilitate projects and programs in their communities for grants.
When the AMERO exchange is launched, employers can top-off their worker's pay with AMERO to improve their financial situation.
AMERO and Illegal Immigration
When applied to Central America and Mexico, the AMERO will greatly reduce the flow of illegal immigrants by improving conditions at home and funding refugee facilities outside the U.S.
The reason why so many Central Americans and Mexicans leave their homes and risk their lives to reach the United States or Canada is because they have no better choice. The poverty, crime and corruption that drive them north can be mitigated with debt-free funding and the end of predatory lending and political intervention.
AMERO and Democracy
The AMERO is a people’s currency and will remain a people’s currency that will be effectively managed by a group of qualified experts from diverse backgrounds who will ultimately be elected by the people. While an AMERO Bank is planned, it will not be controlled by other banks, Wall Street, investors or any government agency.
At present, poverty and suppression of democracy in many countries is a direct result of international monetary policy that rewards governments who create debt and export their nation's wealth to pay the debt, and America's foreign policy that dictates that it control the government of every nation possible to ensure that they support the profits of the American oligarchy.
In his explosive bestselling 2004 book, Confessions of an Economic Hit Man, John Perkins details how the western predatory financial system works:
“Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID) and other foreign ‘aid’ organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex and murder. They play a game as old as the empire but one that has taken on new and terrifying dimensions during this time of globalization. I should know; I was an EHM.”
Some adherents to the international banking system have criticized Perkins’ claims. While some of his claims may be slightly exaggerated, most were true at the time, and are verifiable. International lending has become less predatory since the book was published, but suppression of democracy and the free press by the same sinister international forces has actually worsened.
A good example of this is Honduras, where the Obama administration supported a coup against the democratically elected President, partially because he planned to raise his country's minimum wage and combat poverty, which might have eaten into the profits of U.S. corporations. After the elected government was replaced by a right-wing government sufficiently subservient to Washington, Honduras became one of the most violent and oppressive places on Earth and remains so today, but billions of dollars flow freely into the country from various international lending institutions.
The AMERO creates the potential for change by ending the debt-corruption-poverty-oppression cycle.
Grants can go directly to local government agencies and NGOs and bypass corrupt central governments. This will strengthen civil society, reduce poverty and empower the people from the bottom up to build more democratic and resilient societies.
With the AMERO, politicians will have no longer have to align themselves with international finance to support development and those who support debt-free AMERO development will be more likely to win the support of voters.
A free and unbiased media is essential to democracy and the NAPC will soon launch a new program to support local and independent media with AMERO.
The Path to a Better Future
The AMERO merely enables and facilitates people exchanging the things they have for the things they need in a way that bypasses institutional barriers designed to enrich the few at the expense of the many.
By being an international currency that facilitates trade across national borders and cultures, the AMERO will make it much easier for people to work together to solve problems, eradicate poverty, heal our planet and create a new, more sustainable and humane civilization for all.
With the AMERO, the only things stopping us from creating a new future are ourselves and our reluctance to work with others to embrace positive change.
So many of us are trapped in lives that demand everything from us and leave us no time or energy to really contemplate our circumstances, see the probable future and imagine a solution for something better.
So, I ask those who can see the possibilities that the AMERO provides to embrace it and share it with others.
Now really is the time for us to step up, cast off the old and work together to build something new and better. The AMERO really does make it possible.
You can sign-up now for the AMERO by logging in at BidOcean.com, NAPC.pro or Trillions.biz. If you don't have an account, you can register one for free. Once you are logged in click on Account Manager then on Digital Currencies and select the level of acceptance (5%-100%) that you will consider for your goods and services and enter the keywords for the services or products you are willing to consider accepting AMERO for.
Acceptance of AMERO automatically gets you into our AMERO directories and on June 4th your account will be active and you can start redeeming your AMERO with other vendors, earn more AMERO and make a difference.