reply to post by burntheships
...looking at Mexico's currency it is hard to see what we would gain. Canada the same thing.
All you would 'gain' is loss of control over your economy. And in relinquishing control over
monetary policy to a supranational, non-elected entity your government would be ceding
political power into the hands of... (you know who). If you think the Fed is a nightmare, just wait...
Economic growth being the biggest political objective, those who control the economy attain the greatest political power. ("It's the economy,
stupid!")
Make no mistake. This is a POLITICAL conspiracy. A multinational currency wrests
political control from those elected by the people and places
it into the hands of elite bureaucrats. In the EU it is now the eurocrats who determine monetary policy, once the preserve of national (elected)
ministers of finance.
Initially the European project was presented to the populace as having purely economic objectives: it was the formation of a free trade area. (Check
out
the history.) Sounded great, and people voted for it. Now
all national laws (not just
those relating to the economy) have to comply with European law! National political sovereignty has been sacrificed on the altar of economic unity,
and economic unity was nothing but a ruse to erode national government.
The case for supra-national central banks is couched in terms of 'economic necessity'. After all, this is 'the global age', and we operate in a
'global economy'. All they then do is tell you they will be 'accountable' to the politicians. Check out how the emerging European Central bank
used this language:
...central banks should be given the freedom to formulate and execute monetary policy in line with their primary objective as determined by the
legislator, to whom they are accountable. [Note: it says 'legislator', not even national governments, never mind 'the people'!].
Accountability may involve either a legal obligation for the central bank to give reckoning for the conduct of monetary policy or a commitment to
explain its actions, for example, in regular reports and to parliament [i.e. the European Parliament!]. This allows central banks to take a
medium-term orientation and not to be distracted by short-term political motives, an approach which benefits the credibility, transparency and
efficiency of monetary policy.
In line with the foregoing analysis, more and more EU central banks have over time been assigned the task of guaranteeing price stability
Source
The accountability they were speaking of was clearly
not accountability to an electorate. Yet they wield enormous power previously the preserve
of government. The smooth talk about efficient monetary policy and price stability contains a large element of truth (-as do most trojan horses).
Except where once the voters had the choice of booting out the people who controlled monetary policy, this is no longer the case. And once you accept
a multinational
currency on the back of 'efficient monetary policy and price stability through a multinational central bank', you have in
place the main groundwork for a multinational government.
This is further demonstrated by the way there have been massive attempts to push through a
European Constitution in recent years. The
people never asked for it, and don't
want it. Yet when it was rejected in national referendums the PTB told us it was 'only a matter of time'...
They no longer even hide the fact they are not interested in what the people want.
It is not a question of what you would gain. It is a matter of what they wish to impose on you. Or - to be more precise - what they wish to take from
you, and put in its place.
[edit on 15/2/09 by pause4thought]
