BENEMÉRITA UNIVERSIDAD AUTÓNOMA DE PUEBLA FACULTAD DE LENGUAS CENTRO DE AUTO-ACCESO Y TECNOLOGIA – CU
DEBUT OF THE “AMERO” Objective: To know about the Amero by using economics vocabulary. Level: 204. Time: 60 min.
PREACTIVITY: Complete the following definitions with the terms from the box. You can use a dictionary. a) Budget b) Central bank c) Currency d) Coin e) Profit f) Deflation g) Wages or salary h) Economics i) Bond j) Capital resources 1._____: Circulation as a medium of exchange. 2._____: The study of the manufacture, sale, distribution and use of good and services. 3._____: Items such as land, buildings, tools, money, etc. 4.____: The money a business makes after expenses are paid. 5._____: Money that is paid to a worker for the amount of time that has been worked. 6._____: A bank whose functions include controlling the nation’s money supply; an institution that lends money to other banks and the place where the government does its banking business (Federal Reserve System in U.S.). 7.____: An economic currency system.
8._____: A certificate of a loan to a government or a business (A person who buys a bond is lending money to the government or corporation that sells the bond.) 9._____: A plan of how much money a person, business, government, or organization is able to spend and how it will be spent. 10._____: A decrease in the average price of all goods and services.
ACTIVITY. Read the following article, then choose the best answer. Amero, North American Union Debut of the 'amero' By Judi McLeod (Thursday, December 14, 2006)
1. The People's Republic of China, long lauded by America's enemies as the world's next economic power, will be the country that will force the creation of the `North American Union' (NAU). 2. Kofi Annan's principal, Canadian Maurice Strong, has been boasting from Chinese soil that China soon would be replacing America as economic king. 3. The billions of dollars China has invested in the flagging American economy will be worthless. They will have to negotiate the exchange rate to the new “amero”. This will then force the creation of the North American Union. 4. The curtain of the NAU, fashioned in secrecy, will be thrown over an unsuspecting public, erasing the borders of three countries. Mexico, which already has legions of its citizens living and working inside America, is, in effect already inside the NAU. 5. Unfortunately, the plan, which has been in place for some time, now, has been all but ignored by the mainstream media. 6. One of the signs that the NAU is on its way is the collapse of the American greenback dollar “paving the way” for the debut of the 'amero'. 7. "Two analysts who have reconstructed money supply data after the federarion stopped publishing it argue a coming dollar collapse will set the stage for creating the amero as a North American currency to replace the dollar". 8. The euro followed the same blueprint of stealth and surprise. It was already issued as replacement currency before the masses could coalesce to fight it. 9. Who ever would have dreamed that the euro of a secular bureaucracy one day would be accepted for use at the Vatican?
10. In appearance, the Vatican coin looks very much like other Euro coins. But on the flip side of the coin, the image of Pope John Paul II faces left. 11. "By permitting his image on this new coin, John Paul II has given another symbolic and powerful stimulus to the European Union. 12. Was it all that long ago when people said the formation of the European Union was impossible? Today, the EU holds 27 nations under its authority with other countries lined up for membership. 13. In the US, experts are now predicting that the collapse of the dollar is imminent. 14. "People in the U.S. are going to be hit hard," says Bob Chapman publisher of The International Forecaster newsletter. "In the severe recession we are entering now, Bush will argue that we have to form a North American Union to compete with the Euro." 15. "Creating the amero," Chapman explained, "will be presented to the American public as the administration's solution for dollar recovery. In the process of creating the amero, the Bush administration just abandons the dollar." 16. While the amero is getting ready to enter stage left, another phenomenon has been gathering steam outside of media headlines. 17. The North American Union, which got its start in secrecy, has been pulled out of the closet by a grass-roots effort, that will force it onto the agenda when Nancy Pelosi and Company open the 100th congress next month. 18. Pressed on by Conservative Caucus Chairman Howard Phillips; columnist and author Jerome Corsi; activist and American icon Phyllis Schlafly, leaders of the 50-member strong coalition are poised to halt any effort by the U.S. to enter into a North American Union with Mexico and Canada. 19. The resolution--sponsored by Republican Representants-expresses "the sense of Congress that the United States should not engage in the construction of a North American Free Trade Agreement (NAFTA) Superhighway System or enter into a North American Union (NAU) with Mexico or Canada." 20. It's no idle boast when Phillips says, "this could be the most important project on which we've ever worked." 21. Armed with the Internet release of about 1,000 documents, obtained in a Freedom of Information Act request to the Security ad Prosperity Partnership of North America, the coalition has the potential to embarrass the governments of all three countries.
22. According to Corsi, "the documents show the White House is engaging in collaborative relations with Mexico and Canada--outside the U.S. Constitution. 23. Very little about the NAU has been covered by the Canadian media. 24. The stage has been carefully set and only intervention will stop North America from taking the same stealth route that Europe took in creating the European Union and its legal tender the Euro.
True / False: Quiz 1. In Paragraph 3, “Exchange rate” refers to the currencies traded. T F 2. In paragraph 4, “fashioned in secrecy” means the amero will be in fashion. T F 3. In paragraph 6, paving (to pave) means to facilitate development. T F 4. In paragraph 8, “blueprint” means colourful blue letters. T F 5. In paragraph 8 ,“coalesce” means fuse. T F 6. In paragraph 15 “recovery” is the process of recovering an economic upturn (as after a depression). T F 7. In paragraph 17 “grass-roots” means basic, fundamental. T F 8. In paragraph 18 “halt” means to recover. 9. NAFTA stands for North American Free Trade Agreement. T F 10. In paragraph 20, “idle” means lacking worth or basis. T F
POSTACTIVITY After reading the article, complete the chart regarding Mexico’s position with the following statements (a – h). 1. Strengths
h) Prosperity of investments
a) b) c) d) e) f) g) h)
A decrease of migration. A possible loss of identity. To depend on The Central Bank. To adjust to the control of the economical policies. A grow of the internal economy. Unequal competence with the Euro. To use stronger currency. Prosperity of investments.
To know more:
REFERENCE http://www.canadafreepress.com/2006/cover121406.htm Canada Free Press founding editor Judi McLeod is an award-winning journalist with 30 years experience in the print media. Her work has appeared on Newsmax.com, Drudge Report, Foxnews.com, Glenn Beck and The Rant. Judi can be reached at: email@example.com http://quizlet.com/set/226768/ http://www.onemillionameros.com/_wizardimages/AmeroFrontNew.jpg http://www.teachervision.fen.com/tv/printables/TCR/1576903133_279-287.pdf http://www.amerocurrency.com/amerophotos.html http://mysite.verizon.net/vze84mg2/sitebuildercontent/sitebuilderfiles/economicvocab2.htm
Adapted by Raúl García Báez.
Fantasy coins designed by Daniel Carr
PREACTIVITY 1. c 2. h 3. j
4. e 5. g
6. b 7. d 8. i
9. a 10. f
ACTIVITY 1. T, 2. F, Fashioned in secrecy means that the Ameroâ€™s debut is planned in secret. 3. T, 4. F, Blueprint means a detailed plan or program of action. 5. T, 6. T, 7. T, 8. F, Halt means to stop. 9. T, 10. T POSTACTIVITY 1: a, g. 2. c, d.
3. e, h.
4. b, f.