[118694] in Cypherpunks
SNET: NWO elites aglow with glories of 'dollarization' [bankster scam] 1/2
daemon@ATHENA.MIT.EDU (Vladimir Z. Nuri)
Tue Oct 5 23:53:37 1999
Message-Id: <199910060335.UAA11841@netcom13.netcom.com>
To: cypherpunks@cyberpass.net
Date: Tue, 05 Oct 99 20:35:44 -0700
From: "Vladimir Z. Nuri" <vznuri@netcom.com>
Reply-To: "Vladimir Z. Nuri" <vznuri@netcom.com>
From: "Bard" <archibaldbard@earthlink.net>
Subject: SNET: NWO elites aglow with glories of 'dollarization' [bankster scam] 1/2
Date: Mon, 4 Oct 1999 10:40:09 -0700
To: "Conservative" <conservative@onelist.com>, "Conspiracy Theory Research List" <CTRL@LISTSERV.AOL.COM>, "FreedomFight" <freedomfight@egroups.com>, "Globalist Agendas Debate and Discussion List" <AGENDAS@MAELSTROM.STJOHNS.EDU>, "Roundtable" <Roundtable@flinet.com>, "Snetnews" <snetnews@world.std.com>
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http://www.thenewamerican.com/tna/1999/10-11-99/vo15no21_dollarization.htm
October 4, 1999
CURRENT ISSUE
One Hemisphere Under the Fed
by William F. Jasper
"The idea of dollarization — replacing an existing national currency with
the U.S. dollar — is spreading through the Western Hemisphere." So wrote
Senator Connie Mack (R-FL) in a May 12th op-ed for Investor’s Business Daily
entitled, "A Fist Full of Dollarization." He went on to note: "The fan club
now includes the president of Argentina, the most prominent business
association and a possible presidential candidate in Mexico, and key leaders
in Ecuador."
One of the most avid fans in this new club, of course, is Senator Mack
himself, who informs us that "dollarization has exciting potential benefits
for the U.S. right now." And since he is chairman of the Joint Economic
Committee, Senator Mack’s enthusiasm for this latest scheme of the Wall
Street banksters and new world order globalists is no small matter. But then
everyone seems positively aglow over all the glorious benefits that will
accrue to one and all (and especially to U.S. citizens) should the countries
of Latin America adopt the dollar as their official currency.
In fact, since last January, when the business pages of newspapers began
buzzing over the startling proposal by Argentine President Carlos Menem to
abandon his country’s peso for the dollar, it has been difficult to find any
naysayers to this grand proposal. Small wonder; according to its champions,
there’s virtually no down side. "Dollarization would accelerate export
growth by eliminating devaluation risk," asserts Mack, and bring "price
stability" to Latin America. "The really big payoff," though, he claims,
"would come just a few years down the road," when Latin America’s new
dollarized prosperity will create "huge new markets for American producers
and many new jobs in America."
"Park Avenue State Dept."
While the vast majority of Americans still have not even heard of
"dollarization," the plans for implementing this incredibly radical program
are already well underway among the ruling-class elite. Leading the charge,
as usual, is that claque of one-world subversives at the Council on Foreign
Relations (CFR), which New York magazine once referred to as "the Park
Avenue State Department."
According to Admiral Chester Ward, who was himself a CFR member for many
years, the Council’s unmistakable goal is the "submergence of U.S.
sovereignty and national independence into an all-powerful one-world
government." "This lust to surrender the sovereignty and independence of the
United States," said the admiral, "is pervasive throughout most of the
membership...." A perusal of the CFR’s literature and the words and
activities of its prominent members — both in and out of government — will
quickly substantiate this serious charge. And surrendering the sovereignty
and independence of the United States is exactly what dollarization is all
about.
In April 1974, the CFR journal Foreign Affairs ("the most influential
periodical in print," according to Time magazine) published a remarkably
frank attack on U.S. sovereignty. Authored by Columbia University professor
and veteran State Department official Richard N. Gardner, the article was
entitled "The Hard Road to World Order." It began with CFR member Gardner’s
lamentation that like-minded internationalists had failed to achieve what he
termed "instant world government." He proposed a new and more effective
route to the creation of an all-powerful, global superstate, asserting:
In short, the "house of world order" will have to be built from the bottom
up rather than from the top down. It will look like a great "booming,
buzzing confusion," to use William James’ famous description of reality, but
an end run around national sovereignty, eroding it piece by piece, will
accomplish much more than the old-fashioned frontal assault.
Gardner’s piecemeal scheme for world government proposed, among other
things, luring all nations into a variety of economic and political
entanglements. Professor Gardner now serves in the administration of
President Clinton (CFR) as ambassador to Spain.
Single Monetary Authority
In 1984, ten years after Gardner’s "Hard Road" manifesto, Foreign Affairs
brought forth another important pitch highly relevant to our dollarization
"debate." In an audacious piece entitled "A Monetary System for the Future,"
Richard N. Cooper (CFR), a professor of international economics at Harvard,
baldly stated: "I suggest a radical alternative scheme for the next century:
the creation of a common currency for all of the industrial democracies,
with a common monetary policy and a joint Bank of Issue to determine that
monetary policy." The main problem with this scheme, Cooper realized, is
that "a single currency is possible only if there is in effect a single
monetary policy, and a single authority issuing the currency and directing
the monetary policy." "How can independent states accomplish that?" he asked
rhetorically. Naturally, he had the answer: "They need to turn over the
determination of monetary policy to a supranational body."
More recently, in its July/August 1999 issue, Foreign Affairs explicitly
took up the campaign for such a supranational power and dollarization, with
an essay by Zanny Minton Beddoes of Britain’s The Economist. In the opening
paragraph of his globalist propaganda tract, "From EMU to AMU?: The Case for
Regional Currencies," Beddoes declares with oracular certainty: "By 2030 the
world will have two major currency zones — one European, the other American.
The euro will be used from Brest to Bucharest, and the dollar from Alaska to
Argentina — perhaps even Asia."
Mr. Beddoes pays specific tribute to Richard Cooper’s 1984 Foreign Affairs
article, and he throws bouquets to other "farsighted academics" who share
his one-world view. "Skeptics argue that a national currency is a basic
symbol of sovereignty that countries choose to forfeit only under
extraordinary circumstances," says Beddoes, retailing the theme that such
quaint concerns are totally without merit in this age of globalization. Mr.
Beddoes and his devious allies would surely like all of us to believe that a
national currency is only a "symbol of sovereignty," but it is much more
than that, of course. It is an essential ingredient of sovereignty, and a
nation is at the fearful mercy of any entity to whom it may be foolish
enough to forfeit so important a power. The Federal Reserve System and the
International Monetary Fund have already vindicated that claim a thousand
times over, and yet here we are about to be enticed into an even deeper
abyss.
How is this possible? It is possible because over the past couple years the
global economic fiascoes engineered by the CFR banksters and their
government technocrats at Treasury and the Fed have been transformed —
mirabile dictu! — into raging successes. The banksters have stuffed their
vaults with billions of taxpayer dollars from the bailouts of bankrupt
regimes from Mexico to Thailand, from Indonesia to Russia and Brazil (to
name a few) — and we not only thank them for doing so, but virtually kiss
the ground upon which they walk. A non-stop deluge of euphoric propaganda in
the CFR-dominated media combined with a soaring stock market have convinced
many that Greenspan & Company can do no wrong.
See Part 2 for Conclusion.
Bard
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