The Amero plan is back, this time backed by gold: BIS (Bank of International Settlements) 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.

Of course many holders of dollars may decide to opt away from the Amero and trade their dollars for other currencies, notably the Chinese yuan and the Hong Kong dollar.

We will seek to confirm this news from other sources and will provide updates if necessary.

Whatever the outcome, it is most likely that this system will collapse worldwide within a year.

Joseph Stiglitz - former head economist at the International Monetary Fund (IMF) and a nobel-prize winner - said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is "corrupt" and undermines democracy.

Stiglitz said:
If we [i.e. the IMF] had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure.
Stiglitz pointed out that - if another country had presented a plan to reform its financial system, and included a regulatory regime that copied the makeup of the Federal Reserve system - "it would have been a big signal that something is wrong."

Stiglitz stressed that the Fed banks have clear conflicts of interest, since the banks are largely governed by a board of directors that includes officers of the very banks they're supposed to be overseeing:

So, these are the guys who appointed the guy who bailed them out ... Is that a conflict of interest?

They would say, 'no conflict of interest, we were just doing our job. But you have to look at the conflicts of interest"...

The reason you talk about governance is because in a democracy you want people to have confidence ... This is a structure that will undermine confidence in a democracy.