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Picking up the Pieces: Practical Guide for Surviving Economic Crashes, Internal Unrest and Military Suppression       By: Sorcha Faal “In the span of less than 3 months gasoline prices will rise 500%.  The prices of both food and shelter rise over 300%. (Continued)

The True Knowledge of The Three Minds: When The Three Become One By: Sorcha FaalWith knowledge obtained from the most ancient of texts, including the Gospel of Mary Magdalene, join Sorcha Faal on one of the most incredible and important journeys into the truest knowledge of human beings. (Continued)

Partisans Handbook: By: Sorcha Faal “Essential Survival Guide For Resisting Foreign Military Occupation, Escape And Evasion Techniques, Surviving Interrogation, Facing Execution, Wilderness Survival (Continued)

The Children of Winter: Apocalyptic Message of Hope By: Sorcha Faal "Not told by Sorcha herself alone, but by the Children of Winter themselves, who at 6 years of age the weather had no effect upon them as they walked naked in the snows of winter.  Who at 10 years of age could walk thorough boiling water with no burns or (Continued)

Code Red: The Coming Destruction Of The United States Limited release of the perhaps one of the most prophetic books of our time relating to the underlying causes, and history, of the downfall of America (Continued)


October 12, 2007

Chavez Strikes At Heart Of Planned North America Union

By: Sorcha Faal, and as reported to her Western Subscribers

In one of Venezuela President Hugo Chavez’ most defiant moves against the United States, and the US Dollar the South American populist leader has successfully engineered one of the most stunning economic achievements against Western influence among Latin American Nations by the establishment with Argentina, Bolivia, Brazil, Ecuador, Paraguay and Uruguay (combined GDP of over $3.5 Trillion US) of a South American Bank set to rival both American and European counterparts.

Adding to the financial might of these South American Nations in their direct confrontation against the Western Banking powers is the colossal amount of natural resources under their control, to include nearly 2 Trillion barrels of untapped oil reserves and over 200 Trillion cubic feet of natural gas.  These numbers are only matched by the oil and natural gas reserves located in the war torn Middle East.

Of this new South America Bank we can read as reported by the International Herald Tribune News Service, and which says: “Finance Ministers from seven nations announced Monday that the multinational funding institute, which will operate similarly to the Inter-American Development Bank, will be founded Nov. 3 in Caracas, Venezuela.

The bank is the brainchild of Venezuelan President Hugo Chavez, who has been promoting it as an alternative to the International Monetary Fund, which he blames for perpetuating poverty and contributing to inflation in Latin America.

"We can now say that the Bank of the South is about to become reality," Brazilian Finance Minister Guido Mantega told reporters in Rio de Janeiro. "It will finance integration and will be open to all of South America's 12 countries."

This dramatic move by Chavez has, likewise, incurred its first casualty by crushing the plans of American War Leaders to unite their Nation with Canada and Mexico by collapsing the US Dollar to make more acceptable to their citizens the introduction of a single North American currency called the Amero, and which we can read as reported by the World Net Daily News Service in their article titled "Ex-Mexican prez: 'Amero' on the way", and which says:

“Former Mexican President Vicente Fox confirmed the existence of a plan conceived with President Bush to create a new regional currency in the Americas, in an interview last night on CNN's "Larry King Live."

It possibly was the first time a leader of Mexico, Canada or the U.S. openly confirmed a plan for a regional currency. Fox explained the current regional trade agreement that encompasses the Western Hemisphere is intended to evolve into other previously hidden aspects of integration.

According to a transcript published by CNN, King, near the end of the broadcast, asked Fox a question e-mailed from a listener, a Ms. Gonzalez from Elizabeth, N.J.: "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"

Fox answered in the affirmative, indicating it was a long-term plan. He admitted he and President Bush had agreed to pursue the Free Trade Agreement of the Americas – a free-trade zone extending throughout the Western Hemisphere, suggesting part of the plan was to institute eventually a regional currency.

"Long term, very long term," he said. "What we proposed together, President Bush and myself, it's ALCA, which is a trade union for all the Americas." King, evidently startled by Fox's revelation of the currency, asked pointedly, "It's going to be like the euro dollar (sic), you mean?" "Well, that would be long, long term," Fox repeated. Fox noted the FTAA plan had been thwarted by Hugo Chavez, the radical socialist president of Venezuela.

"Everything was running fluently until Hugo Chavez came," Fox commented. "He decided to combat the idea and destroy the idea."

The response from Americas War Leaders to the crippling of their plans has been silence, and as noted by European Leaders growing ever more concerned about the coming total collapse of the US Dollar and how it will affect their economies. 

Asian Nations, also, are becoming increasingly alarmed with Japanese refiners now paying for Middle East Oil in yen instead of US Dollars (heretofore the currency for World oil transactions), and as we can read:

"Japanese oil refiners Cosmo Oil Co. and Japan Energy Corp. have started paying Iran for crude oil imports in yen instead of dollars, company spokesmen said Tuesday.

Iran has been trying to persuade Asian buyers to make payments in non-U.S. currencies to reduce its U.S. dollar holdings, a move that is seen as a response to the dollar's recent weakness and to pressure from Washington to limit Iran's dealings with the U.S. financial system.

The moves by the two companies, as well as a similar step taken in September by Nippon Oil Corp., the Japan's largest refiner, may trigger other Asian refiners to move away from U.S. dollar payment."

These latest events signal more strongly the warnings issued by the World’s top economists we had previously reported on in our June 28th report titled "US Banking Collapse ‘Imminent’ Warns French Banking Giant", and wherein we had stated:

"Even more catastrophic to the World’s economic system being warned about by SG CIB was the near simultaneous warning this week of a Global Great Depression by the Bank for International Settlements, and as we can read as reported, also, by Britain’s Telegraph News Service:

"The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.

"Virtually nobody foresaw the Great Depression of the 1930s, or the crises which affected Japan and Southeast Asia in the early and late 1990s. In fact, each downturn was preceded by a period of non-inflationary growth exuberant enough to lead many commentators to suggest that a 'new era' had arrived", said the bank.

The BIS, the ultimate bank of central bankers, pointed to a confluence a worrying signs, citing mass issuance of new-fangled credit instruments, soaring levels of household debt, extreme appetite for risk shown by investors, and entrenched imbalances in the world currency system.

In a thinly-veiled rebuke to the US Federal Reserve, the BIS said central banks were starting to doubt the wisdom of letting asset bubbles build up on the assumption that they could safely be "cleaned up" afterwards - which was more or less the strategy pursued by former Fed chief Alan Greenspan after the dotcom bust.

It said this approach had failed in the US in 1930 and in Japan in 1991 because excess debt and investment build up in the boom years had suffocating effects.

While cutting interest rates in such a crisis may help, it has the effect of transferring wealth from creditors to debtors and "sowing the seeds for more serious problems further ahead."

The bank said it was far from clear whether the US would be able to shrug off the consequences of its latest imbalances, citing a current account deficit running at 6.5pc of GDP, a rise in US external liabilities by over $4 trillion from 2001 to 2005, and an unprecedented drop in the savings rate. "The dollar clearly remains vulnerable to a sudden loss of private sector confidence," it said."

These warnings could not have come at a worse time for the war weary United States as its National debt has risen to the catastrophic level of nearly $9 trillion and is increasing at the staggering rate of over $1 billion per day.

Though the Americans represent only 4 percent of the World’s population, their economy represents 18 percent World’s economy, meaning that the collapse of their banking system will indeed have an effect on all other Nations ability to survive a Global Depression."

To the American people themselves there exists little evidence that they fully comprehend the financial disaster looming on the horizon before them…or more importantly, how the collapse of their economy will change their lives forever.

© October 12, 2007 EU and US all rights reserved.

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