From the Radio Free Michigan archives ftp://141.209.3.26/pub/patriot If you have any other files you'd like to contribute, e-mail them to bj496@Cleveland.Freenet.Edu. ------------------------------------------------ * AMERICA WILL FALL IN LINE FOR A SINGLE WORLD CURRENCY * >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Americans care little about European socialists' and New World Order politicians' efforts to bring Europe under a single European currency. This goal has long been the "crown jewel" of international bankers from the time of the Rothschilds of the 18th century. It is now within their grasp, and never since recorded history has the liklihood of control of the world's wealth been brighter. The outline of New World Order successes and outline for the future was recently published in *International Finance*, Winter issue, available from United Bank of Switzerland(UBS). Author Stefan Wolter presents the scary scenario of world economic control with frightening implications for America to fall in line. A series of successive world regional "agreements" will eventually deliver America into the fold of a single world currency. In eras past it was usually necessary to create a "crisis" for Americans to accept government intrusion into their lives, but in recent decades the globalists have pretty much been able to implement their socialist agenda without a squeak from an uninformed America which no longer jealously guards its independence. Wolter says: "Interest in a single European currency is again on the rise, despite the objections of some and skepticism of many. Renewed interest in monetary union reflects long-standing political, economic and institutional forces in the European Union(EU), which were not by-in-large altered by the recent European Monetary System(EMS) crises. We believe that a monetary union of "core" countries is likely by 1999. The goal of one money will underpin continued monetary policy convergence among most EU countries and keep European exchange rates more stable than the existing 15% EMS band widths imply. As early as 1969 the first plan for European monetary union(Barre Plan) was conceived in response to growing doubts about the sustainability of the Bretton Woods system of fixed exchange rates. The desire to fight inflation and need for a credible monetary anchor were important motives for many European countries to link their currencies to the German mark in the late 1970s and early 1980s." + + + + + + + + + + This is a profound declaration from a banker, indeed! Imagine, a realization that central bankers can't come up with a stabilization "anchor" for paper currencies! A return to a gold standard is, of course, the solution to our world currency turmoil - but, with gold comes individual freedom - and the world socialists have no intention of surrendering their grip over our lives, so they contrive an elaborate paper mechanism to further their plunder of the world's wealth. Wolter continues: "Institutionalizing economic and political ties - particularly via a common currency - has been seen as a mechanism to ensure that individual states do not pursue separate and competing interests that would cause historical European divisions to re-emerge. The primary cost of EMU is the elimination of sovereign monetary policy." + + + + + + + + + + Wow! ".....to ensure states do not pursue separate interests", and the "elimination of sovereign monetary policy"? As anyone who can read and think for themselves realizes, a country's monetary policy reflects the values, both cultural and economic of nations. Domestic monetary policy is at the core of a country's political system. Destroy that and you destroy a nation! But, already we've surrendered a lot of our independence by giving money- creating power to our central banks. The U.S. Congress long ago, in 1913, accomplished this responsibility-transfer scheme with the creation of the Federal Reserve System, an amalgam of private bankers. To drive this point home, Wolter says: "For the core countries that have pegged their exchange rates tightly to the German mark, policy sovereignty has been long abandoned." What's the agenda for implementation? "The first set of criteria requires convergence of inflation and interest rates as well as exchange rate stability. The prospect of EMU will underpin continued monetary policy convergence among EU countries and will therefore help keep European exchange rates more stable than the existing 15% EMS band widths imply. A second set of criteria puts upper limits on government budget deficits and public sector debt as percentages of national income(GDP). Quick fixes, such as one-time privatization of public-sector industry, will generally not achieve lasting deficit reduction or reduce debt to GDP ratios." Referring to the Maastricht Treaty, Wolter says: "....an agreement outside the frame of the Maastricht Treaty - is virtually inconceivable because it would revive old debates about other contentious points in the treaty such as common social and defense policies." Can't permit any surges of national- ism or patriotic fervor now, can we! Wolter drive this point home: "The Maastricht Treaty affords the possibility of a multi-speed monetary union. This not only means that a core group of countries can initially share one money, but also that the others can join later when they have achieved the necessary convergence. Yet, submitting the Bank of England to the authority of a European central bank - an absolute prerequisite for monetary union - would require a radical and unlikely change in British public opinion regarding the EU and the U.K. economic policy process." In short, the Brits need to be jolted with a contrived "crisis" for them to accept a New World Order merger of their currency! "Like the German Bundesbank or the U.S. Federal Reserve, the ESCB will have a decentralized structure. The system will be composed of the European Central Bank(ECB) and the national central banks of member countries. Monetary policy decision-making at the ECSB will therefore reflect regional experiences, but to be successful the new central bankers must place the goal of price stability throughout the EMU above regional considerations." In effect, Wolter is saying that national sovereignty's a "dead horse." He says: "A key issue is how and when the transition to one money will be implemented. This, too, is not an issue void of politics. The Maastricht Treaty prescribes that stage three will begin with the "irrevocable" fixing of bilateral exchange rates and the introduction of a common currency, which according to the treaty will be called the 'ecu'. The treaty also foresees a transfer of decision power from national central banks to the ESCB on the first day of stage three. Speculation on the fixity of national currency rates to the 'ecu' will be limited by the knowledge that the ESCB will stand ready to exchange freely any excess supply of a member currency at the fixed rate against 'ecu' rather than by adding to another member's national money supply." ========================================================================= Maastricht Timetable In 1996: Intergovernmental conference to review issues relevant to the Treaty on European Union. By December 31, 1996: The Council of Ministers must decide at the latest by this date on the basis of a qualified majority whether: 1."a majority of the Member States fulfill the necessary conditions for the adoption of a single currency," 2."it is appropriate for the Community to enter the third stage, and if so set the date for the beginning of the third stage." By December 31, 1997:"If by the end of 1997 the date for the beginning of the third stage has not been set, the third stage shall start on 1 January 1999." By July 1, 1998:"The Council shall acting by a qualified majority confirm which Member States fulfill the necessary conditions for the adoption of a single currency." January 1, 1999: Beginning of the third stage of EMU ========================================================================== Wolter concludes: "By 1999 it is likely that a monetary union will be established in Europe. The goal of one money circulating in all EU countries will not, however, be realized soon. Instead, the move to a single European currency will proceed in stages with more countries joining EMU as they get their policies in line and as the new currency is gradually accepted in member countries as Europe's new money." There you have it. The central bankers of Europe are surrendering their nations' sovereignties to a regional central bank. Will America follow their lead? The building blocks to do so are already in place - GATT, NAFTA, WTO, United Nations, multi-trillion $ debt, and a host of other entangling political and economic treaties - enmeshing "dollar imperialism" with the affairs of other nations. Abolishing our Federal Reserve System and returning to a gold coin-exchange standard would remove this threat to our sovereignty. The liklihood of this occuring is nil as Americans have lost their understanding of freedom and their Rights being self-evident from the Creator. No, we will be sold out by treachery at the top. Conspiracy? Well, None Dare Call it that, but for lack of anything better to call it, let's call it that until someone can prove it's just coincidence. Bill Rummel "Attending to Alarms at the Outer Door" So Mote It Be ================================================================ | \\ S W I S S I N V E S T M E N T S /\ | | \\ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ /__\ | | \\ ** NO LOAD ** SWISS PRIVACY ** NO FEES // | | US -- ** JUDGMENT PROOF ** LEGAL TO OWN // | | //DOLLAR _______________________________ SWISS | | ---- | For More Info: | // FRANC | | \ / | FREEDOM FROM FIATS FOUNDATION | // | | \/ | E-Mail: {Bilrum@Delphi.com} | // | ================================================================ ------------------------------------------------ (This file was found elsewhere on the Internet and uploaded to the Radio Free Michigan archives by the archive maintainer. All files are ZIP archives for fast download. 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