The Amero plan is back, this time backed by gold: BIS source
The US dollar is about to be replaced by the Amero at a rate of two dollars to one Amero, according to a high level financial source in Switzerland. The Amero will replace the US and Canadian dollars and the Mexican peso, he says. It will be backed by Mexican and Canadian gold, the source adds.
The decision was made at a high level within the Western secret government, he says. The introduction of the Amero will be followed by a dismantling of the Federal Reserve Board, he says. Once the announcement is made, people will have exactly 30 days to convert their dollars to Ameros before the dollars become worthless.
The Western government does not want to cede control of its financial system to China so a decision was made to go with the gold-backed Amero, he says.
China ready to end dollar peg
The head of China’s central bank has given the strongest signal yet that the country will move away from pegging its currency to the dollar, but he said any changes would be gradual.
By Garry White
Published: 5:31PM GMT 06 Mar 2010