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A report by Pete Edwards

The daily internet news service World Net Daily (www.worldnetdaily.com) reported

November 28, that there is a plan to replace the US dollar with a North American currency called the Amero.

In an interview with CNBC, a vice president for a prominent London investment firm yesterday urged a move away from the dollar to the "amero," a coming North American currency, he said, that "will have a big impact on everybody's life, in Canada, the U.S. and Mexico."

Steve Previs, a vice president at Jefferies International Ltd., explained the Amero "is the proposed new currency for the North American Community which is being developed right now between Canada, the U.S. and Mexico."

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The aim, he said, according to a transcript provided by CNBC to WND's Jerome R. Corsi, is to make a "borderless community, much like the European Union, with the U.S. dollar, the Canadian dollar and the Mexican peso being replaced by the amero."

Previs told the television audience many Canadians are "upset" about the amero. Most Americans outside of Texas largely are unaware of the amero or the plans to integrate North America, Previs observed, claiming many are just "putting their head in the sand" over the plans.

In an interview with WND, Rep. Ron Paul, a Republican from Texas, today denounced plans for the proposed "NAFTA superhighway" in his state, as part of a larger plot for merger of the U.S., Canada and Mexico into a North American Union.

The ultimate goal, he says, is not simply a superhighway "but an integrated North American Union - complete with a currency, a cross-national bureaucracy and virtually borderless travel within the union. Like the European Union, a North American Union would represent another step toward the abolition of national sovereignty altogether."

"By now many Texans have heard about the proposed 'NAFTA Superhighway,' which is also referred to as the trans-Texas corridor," he said in a statement. "What you may not know is the extent to which plans for such a superhighway are moving forward without congressional oversight or media attention."

Paul explained that most members of Congress are unaware of the plans because only relatively small amounts of money have been spent studying the plans and those allocations were included in "enormous transportation appropriations bills."

The proposed highway is part of a broader plan advanced by a quasi-government organization called the 'Security and Prosperity Partnership of North America,' or SPP," he explains. "The SPP was first launched in 2005 by the heads of state of

Canada, Mexico, and the United States at a summit in Waco."

No treaties were involved, and Congress was not included in discussions or plans, he says.

"Instead, the SPP is an unholy alliance of foreign consortiums and officials from several governments," according to Paul. "One principal player is a Spanish construction company, which plans to build the highway and operate it as a toll road. But don't be fooled: The superhighway proposal is not the result of free market demand, but rather an extension of government-managed trade schemes like NAFTA that benefit politically connected interests."

Paul says, however, the real issue raised by the superhighway plan and the SPP is national sovereignty.

"Once again, decisions that affect millions of Americans are not being made by those Americans themselves, or even by their elected representatives in Congress," says Paul. "Instead, a handful of elites use their government connections to bypass national legislatures and ignore our Constitution - which expressly grants Congress the sole authority to regulate international trade."

President Bush believes America should be more of an idea than an actual place, a Republican congressman told WND in an exclusive interview with Joe Kovacs.

"People have to understand what we're talking about here. The president of the United States is an internationalist," said Rep. Tom Tancredo, R-Colo. "He is going to do what he can to create a place where the idea of America is just that - it's an idea. It's not an actual place defined by borders. I mean this is where this guy is really going."

Tancredo lashed out at the White House's lack of action in securing U.S. borders, and said efforts to merge the U.S. with both Mexico and Canada is not a fantasy.

"I know this is dramatic - or maybe somebody would say overly dramatic - but I'm telling you, that everything I see leads me to believe that this whole idea of the North American Union, it's not something that just is written about by right-wing fringe kooks. It is something in the head of the president of the United States, the president of Mexico, I think the prime minister of Canada buys into it. ...

"And they would just tell you, 'Well, sure, it's a natural thing. It's part of the great globalization ... of the economy.' They assume it's a natural, evolutionary event that's going to occur here. I hope they're wrong and I'm going to try my best to make sure they're wrong. But I'm telling you the tide is great. The tide is moving in their direction. We have to say that."

The speculation on the future of a new North American currency came amid a major U.S. dollar sell-off worldwide that began last week.

Yesterday, the dollar also reached new multi-month low against the euro, breaking through the $1.30 per euro technical high that had held since April 2005.

At the same time, the Chinese central bank set the yuan at 7.0402 per dollar, the highest level since Beijing established a new currency exchange system in 2005 that severed China's previous policy of tying the value of the yuan to the U.S. dollar.

Many analysts worldwide attributed the dramatic fall in the value of the U.S. dollar at least partially to China's announcement last week that it would seek to diversify its foreign exchange currency holdings away from the U.S. dollar. China recently has crossed the threshold of holding $1 trillion in U.S. dollar foreign-exchange reserves, surpassing Japan as the largest holder in the world.
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