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        * AMERICA WILL FALL IN LINE FOR A SINGLE WORLD CURRENCY *

        >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>



Americans care little about European socialists' and New World Order

politicians' efforts to bring Europe under a single European currency. This

goal has long been the "crown jewel" of international bankers from the time

of the Rothschilds of the 18th century. It is now within their grasp, and

never since recorded history has the liklihood of control of the world's

wealth been brighter.



The outline of New World Order successes and outline for the future was

recently published in *International Finance*, Winter issue, available from

United Bank of Switzerland(UBS). Author Stefan Wolter presents the scary

scenario of world economic control with frightening implications for America

to fall in line. A series of successive world regional "agreements" will

eventually deliver America into the fold of a single world currency. In eras

past it was usually necessary to create a "crisis" for Americans to accept

government intrusion into their lives, but in recent decades the globalists

have pretty much been able to implement their socialist agenda without a

squeak from an uninformed America which no longer jealously guards its

independence.



Wolter says:



"Interest in a single European currency is again on the rise, despite the

objections of some and skepticism of many. Renewed interest in monetary

union reflects long-standing political, economic and institutional forces in

the European Union(EU), which were not by-in-large altered by the recent

European Monetary System(EMS) crises. We believe that a monetary union of

"core" countries is likely by 1999. The goal of one money will underpin

continued monetary policy convergence among most EU countries and keep

European exchange rates more stable than the existing 15% EMS band widths

imply.



As early as 1969 the first plan for European monetary union(Barre Plan) was

conceived in response to growing doubts about the sustainability of the

Bretton Woods system of fixed exchange rates. The desire to fight inflation

and need for a credible monetary anchor were important motives for many

European countries to link their currencies to the German mark in the late

1970s and early 1980s."

        +     +     +     +     +     +     +     +     +     +

This is a profound declaration from a banker, indeed! Imagine, a realization

that central bankers can't come up with a stabilization "anchor" for paper

currencies! A return to a gold standard is, of course, the solution to our

world currency turmoil - but, with gold comes individual freedom - and the

world socialists have no intention of surrendering their grip over our

lives, so they contrive an elaborate paper mechanism to further their

plunder of the world's wealth.



Wolter continues:



"Institutionalizing economic and political ties - particularly via a common

currency - has been seen as a mechanism to ensure that individual states do

not pursue separate and competing interests that would cause historical

European divisions to re-emerge. The primary cost of EMU is the elimination

of sovereign monetary policy."

        +     +     +     +     +     +     +     +     +     +

Wow! ".....to ensure states do not pursue separate interests", and the

"elimination of sovereign monetary policy"? As anyone who can read and think

for themselves realizes, a country's monetary policy reflects the values,

both cultural and economic of nations. Domestic monetary policy is at the

core of a country's political system. Destroy that and you destroy a nation!

But, already we've surrendered a lot of our independence by giving money-

creating power to our central banks. The U.S. Congress long ago, in 1913,

accomplished this responsibility-transfer scheme with the creation of the

Federal Reserve System, an amalgam of private bankers.



To drive this point home, Wolter says: "For the core countries that have

pegged their exchange rates tightly to the German mark, policy sovereignty

has been long abandoned."



What's the agenda for implementation?



"The first set of criteria requires convergence of inflation and interest

rates as well as exchange rate stability. The prospect of EMU will underpin

continued monetary policy convergence among EU countries and will therefore

help keep European exchange rates more stable than the existing 15% EMS

band widths imply.



A second set of criteria puts upper limits on government budget deficits

and public sector debt as percentages of national income(GDP). Quick fixes,

such as one-time privatization of public-sector industry, will generally not

achieve lasting deficit reduction or reduce debt to GDP ratios."



Referring to the Maastricht Treaty, Wolter says: "....an agreement outside

the frame of the Maastricht Treaty - is virtually inconceivable because it

would revive old debates about other contentious points in the treaty such

as common social and defense policies." Can't permit any surges of national-

ism or patriotic fervor now, can we! Wolter drive this point home: "The

Maastricht Treaty affords the possibility of a multi-speed monetary union.

This not only means that a core group of countries can initially share one

money, but also that the others can join later when they have achieved the

necessary convergence. Yet, submitting the Bank of England to the authority

of a European central bank - an absolute prerequisite for monetary union -

would require a radical and unlikely change in British public opinion

regarding the EU and the U.K. economic policy process." In short, the Brits

need to be jolted with a contrived "crisis" for them to accept a New World

Order merger of their currency!



"Like the German Bundesbank or the U.S. Federal Reserve, the ESCB will have

a decentralized structure. The system will be composed of the European

Central Bank(ECB) and the national central banks of member countries.

Monetary policy decision-making at the ECSB will therefore reflect regional

experiences, but to be successful the new central bankers must place the

goal of price stability throughout the EMU above regional considerations."

In effect, Wolter is saying that national sovereignty's a "dead horse."

He says: "A key issue is how and when the transition to one money will be

implemented. This, too, is not an issue void of politics. The Maastricht

Treaty prescribes that stage three will begin with the "irrevocable" fixing

of bilateral exchange rates and the introduction of a common currency,

which according to the treaty will be called the 'ecu'. The treaty also

foresees a transfer of decision power from national central banks to the

ESCB on the first day of stage three. Speculation on the fixity of national

currency rates to the 'ecu' will be limited by the knowledge that the ESCB

will stand ready to exchange freely any excess supply of a member currency

at the fixed rate against 'ecu' rather than by adding to another member's

national money supply."

=========================================================================

                   Maastricht Timetable



In 1996: Intergovernmental conference to review issues relevant to the

Treaty on European Union.



By December 31, 1996: The Council of Ministers must decide at the latest by

this date on the basis of a qualified majority whether:



1."a majority of the Member States fulfill the necessary conditions for the

   adoption of a single currency,"

2."it is appropriate for the Community to enter the third stage, and if so

   set the date for the beginning of the third stage."



By December 31, 1997:"If by the end of 1997 the date for the beginning of

the third stage has not been set, the third stage shall start on 1 January

1999."



By July 1, 1998:"The Council shall acting by a qualified majority confirm

which Member States fulfill the necessary conditions for the adoption of a

single currency."



January 1, 1999: Beginning of the third stage of EMU

==========================================================================

Wolter concludes:

"By 1999 it is likely that a monetary union will be established in Europe.

The goal of one money circulating in all EU countries will not, however,

be realized soon. Instead, the move to a single European currency will

proceed in stages with more countries joining EMU as they get their policies

in line and as the new currency is gradually accepted in member countries as

Europe's new money."



There you have it. The central bankers of Europe are surrendering their

nations' sovereignties to a regional central bank. Will America follow their

lead? The building blocks to do so are already in place - GATT, NAFTA, WTO,

United Nations, multi-trillion $ debt, and a host of other entangling

political and economic treaties - enmeshing "dollar imperialism" with the

affairs of other nations.



Abolishing our Federal Reserve System and returning to a gold coin-exchange

standard would remove this threat to our sovereignty. The liklihood of this

occuring is nil as Americans have lost their understanding of freedom and

their Rights being self-evident from the Creator. No, we will be sold out

by treachery at the top. Conspiracy? Well, None Dare Call it that, but for

lack of anything better to call it, let's call it that until someone can

prove it's just coincidence.



Bill Rummel

"Attending to Alarms at the Outer Door"

So Mote It Be



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