Tuesday, December 19, 2006

"PORQUE EL AMERO, AMIGOS"

...how is the emission of the Amero to come about, legally? Whether or not the banks of Canada and Mexico could start issuing Ameros tomorrow under their local laws, the Federal Reserve System—even if it were not unconstitutional—certainly cannot issue Ameros under United States law. After all, under the Federal Reserve Act, FRNs are the only currency the System can now emit. FRNs must be “redeemed in lawful money.” All “lawful money” of the United States “is expressed in dollars.”

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