The Plan to Replace the Dollar With the 'Amero'
by Jerome R. Corsi
The idea to form
the North American Union as a super-NAFTA knitting together Canada, the United States and Mexico into a super-regional political
and economic entity was a key agreement resulting from the March 2005 meeting held at Baylor University in Waco, Tex., between
President Bush, President Fox and Prime Minister Martin.
A joint statement published by the three presidents following
their Baylor University summit announced the formation of an initial entity called, “The Security and Prosperity Partnership
of North America” (SPP). The joint statement termed the SPP a “trilateral partnership” that was aimed at
producing a North American security plan as well as providing free market movement of people, capital, and trade across the
borders between the three NAFTA partners:
We will establish a common approach to security to protect North America
from external threats, prevent and respond to threats within North America, and further streamline the secure and efficient
movement of legitimate, low-risk traffic across our borders.
A working agenda was established:
We will establish
working parties led by our ministers and secretaries that will consult with stakeholders in our respective countries. These
working parties will respond to the priorities of our people and our businesses, and will set specific, measurable, and achievable
The U.S. Department of Commerce has produced a SPP website, which documents how the U.S. has implemented the
SPP directive into an extensive working agenda.
Following the March 2005 meeting in Waco, Tex., the Council on Foreign
Relations (CFR) published in May 2005 a task force report titled “Building a North American Community.” We have
already documented that this CFR task force report calls for a plan to create by 2010 a redefinition of boundaries such that
the primary immigration control will be around the three countries of the North American Union, not between the three countries.
We have argued that a likely reason President Bush has not secured our border with Mexico is that the administration is pushing
for the establishment of the North American Union.
The North American Union is envisioned to create a super-regional
political authority that could override the sovereignty of the United States on immigration policy and trade issues. In his
June 2005 testimony to the U.S. Senate Foreign Relations Committee, Robert Pastor, the Director of the Center for North American
Studies at American University, stated clearly the view that the North American Union would need a super-regional governance
board to make sure the United States does not dominate the proposed North American Union once it is formed:
failed to create a partnership because North American governments have not changed the way they deal with one another. Dual
bilateralism, driven by U.S. power, continue to govern and irritate. Adding a third party to bilateral disputes vastly increases
the chance that rules, not power, will resolve problems.
This trilateral approach should be institutionalized in a
new North American Advisory Council. Unlike the sprawling and intrusive European Commission, the Commission or Council should
be lean, independent, and advisory, composed of 15 distinguished individuals, 5 from each nation. Its principal purpose should
be to prepare a North American agenda for leaders to consider at biannual summits and to monitor the implementation of the
Pastor was a vice chairman of the CFR task force that produced the report “Building a
North American Union.”
Pastor also proposed the creation of a Permanent Tribunal on Trade and Investment with
the view that “a permanent court would permit the accumulation of precedent and lay the groundwork for North American
business law.” The intent is for this North American Union Tribunal would have supremacy over the U.S. Supreme Court
on issues affecting the North American Union, to prevent U.S. power from “irritating” and retarding the progress
of uniting Canada, Mexico, and the U.S. into a new 21st century super-regional governing body.
Robert Pastor also
advises the creation of a North American Parliamentary Group to make sure the U.S. Congress does not impede progress in the
envisioned North American Union. He has also called for the creation of a North American Customs and Immigration Service which
would have authority over U.S. Immigration and Customs Enforcement (ICE) within the Department of Homeland Security.
2001 book “Toward a North American Community” called for the creation of a North American Union that would perfect
the defects Pastor believes limit the progress of the European Union. Much of Pastor’s thinking appears aimed at limiting
the power and sovereignty of the United States as we enter this new super-regional entity. Pastor has also called for the
creation of a new currency which he has coined the “Amero,” a currency that is proposed to replace the U.S. dollar,
the Canadian dollar, and the Mexican peso.
If President Bush had run openly in 2004 on the proposition that a prime
objective of his second term was to form the North American Union and to supplant the dollar with the “Amero,”
we doubt very much that President Bush would have carried Ohio, let alone half of the Red State majority he needed to win
re-election. Pursuing any plan that would legalize the conservatively estimated 12 million illegal aliens now in the United
States could well spell election disaster for the Republican Party in 2006, especially for the House of Representative where
every seat is up for grabs.