Archive for the ‘economy’ Category

China’s yuan to replace US dollar

April 8, 2009

You knew when Treasury Secretary Geithner stated that he would be in favor of replacing the US dollar for another currency (the Chinese yuan), it was already in the works. 

After all, US-hater and Obama-supporter George Soros had expressed his support for moving from US currency to the yuan.

    China has also been arranging currency swaps with trading partners to bypass the U.S. dollar in trade settlements. Since mid-December, China has signed currency swap contracts worth 650 billion yuan (about 95.6 billion U.S. dollars) with six central banks in Hong Kong, the Republic of Korea, Malaysia, Belarus, Indonesia and Argentina.

    These swap accords allow other overseas central banks to lend yuan to local importers who want to buy Chinese goods. Since these deals bypass the U.S. dollar, they reduce exposure to exchange-rate volatility and cut transaction costs for both parties.

    Chen said these deals “expand the yuan’s use in the region and pave the way for its global acceptance.”

    The rules are also good for Chinese exporters, who have long had to bill their foreign customers mainly in U.S. dollars.

The full story is here.

Meanwhile —

…. We learned this week that Obamatrons have leaked their intent to infiltrate tea parties on April 15 to instigate disruptions (more info later). 

…. The alleged plan to attack Obama in Turkey was a hoax.

…. Obama’s Afghanistan policy is to be modeled after Clinton’s Columbia Plan (surely you didn’t expect anything original, did you?) which is just now in its final stages and appears to be ending with another broken Obama promise. 

And if you think the military have forgotten how Obama tried to shaft them on health care — guess again.  The reception in Iraq this week was not all “oohray”  — not by a long shot.   Troops don’t forget when a sitting President votes against them or insults them ….

… Oh please — so they will not meet one-on-one at the Americas’ Conference?   Two of the most self-adoring, egotistical leaders in the world?  Yeah right …. My only question is:  who will bow to whom?

.

Vietnam Reflections ….

March 29, 2009

First Loaica updates her blog at Vietnam Reflections (great images — with 3000 more to come!!) and then ut-Obama launches his Afghanistan policy ….

I’m no authority, but why do I get the feeling that Obama has just put his signature on the Afghan war …. and it’s starting to look a lot like Vietnam?

Interesting how he appears to be distinguishing between the Taliban (can’t we all get along?) and Al Qaeda (boooo bad guys) while isolating both from the problems IN Afghanistan AND Pakistan

And we’re supposed to trust this empty suit who says nothing without a teleprompter?

Funny how Al Qaeda has not launched an attack on anyone from Afghanistan in eons, yet it’s critical we rush in with thousands of additional troops — to maybe rescue the drug trade? 

Son of Soros got this plan from the puppetmaster, methinks.  The ole global drug legalization baron himself — George Soros

We’ve got the chemical spray to destroy the poppy fields (which will not harm other crops or people), and would in succession, destroy the Taliban and Al Qaeda PLUS allow Pakistan and Afghanistan to regain control of their countries AND their own economies.

Isn’t that what we want???

STAND UP, AMERICA!!

March 19, 2009

Stand up. NOW.

National and state-wide tea party rallies are being held across the nation. Main stream media is NOT covering these rallies — but they ARE occurring with thousands of Americans participating.

This is the site for rallies being scheduled nationwide, including a national tea party on April 15. Click and find your state.   Search the internet for additional activities and rallies — they are occurring every day throughout the nation.

Some communities are meeting at their local post offices on the 15th …..

Find out what is going on in your area!!!!   Don’t expect local media to be very supportive or to cover your rally …. Take pictures and videos.   Call families and friends!!!   Send your pictures and videos to sponsoring sites so they can be featured on the internet! 

Participate as if your country depended upon it. Participate as if yours and your children’s future depended upon it.

Do it now. Now.

NOW.

.

America’s Financial Meltdown

March 18, 2009

An overview of the financial meltdown ….. a must-view for any American who is concerned about the future of this nation:

Those interested in the players behind the scenes in this meltdown will find this video informative.  

Those who question the presence of a “shadow government,” please feel free to provide contradictory research.

Please.

.

Obama: Overhyped and overwhelmed

March 9, 2009

From CFP:

Permit me to indulge in a bit of wishful thinking. Not quite a prediction, but a possible scenario that would remove President Obama from office before he does further damage to the nation. History provides a template.

Americans survived the Great Depression despite the fact that the successive Roosevelt administrations did exactly what the present-day Obama administration is doing; prolonging it by raising taxes, increasing the deficit, and spending wildly on social programs.

The difference in the 1930s was that the only news Americans could get was their daily newspaper—as liberal then as they are today. News magazines were still a relatively new concept. The radio was a primary source and the Movietone News in the form of newsreels if you went to the movies. There was, of course, no television.

As a result, Roosevelt with his “fireside chats”, all carefully scripted in the same way Obama will not speak publicly without his TelePrompter, was able to convince people that expanding government and the fact that the economy just never really recovered, was just a passing phase.

In the meantime, the FDR administration sponsored all manner of make-work projects in addition to some useful infrastructure ones. The problem then as now is that all those projects had to be paid for with taxes. That meant Americans had less money to spend on their own needs, to start new businesses or expand existing ones. Insanely, industries were required by law to collude to set prices and one could actually go to jail for offering a product or service for less!

Roosevelt was not a fan of Wall Street or corporate executives whom he frequently called economic “malefactors.” In his personal life, all of his business schemes lost money and, although he had acquired a law degree, he wasn’t good at that profession. Politics was his métier and he was very good at that. Not until World War II came along was the American economy able to dig itself out of the same deep hole in which we find ourselves today.

As this is being written, joblessness has hit a 25 year high. The Dow is plunging and neither Obama nor Treasury Secretary Tim Geithner can open their mouths without making it go lower. There’s one sure sign of distress and distrust; few people want to join the top ranks of his administration.

Thanks to the Watergate scandal, in August 1974 Sen. Barry Goldwater and a delegation of Washington politicos paid a visit to then-President Richard M. Nixon and in effect handed him a letter of resignation to sign. Nixon was gone in days. He avoided impeachment.

Jerry Ford took over and was then replaced by the very toothy Jimmy Carter. It took Carter a bit longer to lose the confidence of the American people, but it was thorough and complete by the time he was defeated by Ronald Reagan. Carter was an idiot, but he wasn’t deliberately trying to destroy the economy.

Bill Clinton managed to avoid being impeached and still skates by with all that Bubba charm, but it might well be that senators didn’t want to have to deal with a “President Gore” if Clinton was removed from office.

Now let’s look at the future. No other President in the history of the nation has lost the confidence of the people as swiftly as Obama. Forget the polls. Ask your friends, family and co-workers. That’s the best poll.

There will always be true believers for whom reality never intrudes, but it has not escaped anyone’s attention that even the worshipful media is beginning to ask why things are going so badly. so fast, and beginning to blame Obama.

The answer for the swift decline is that Obama is a pathological narcissist and dedicated socialist who has surrounded himself for the most part with former Clinton operatives. Obama is, plainly speaking, a liar. Increasingly, the adoration heaped upon him by his supporters is beginning to resemble the same as that in the 1930s which led the Germans down the path to war, ruin, and the abomination of the Holocaust.

The key factor, however, is that these are not the 1930s. These are times in which everyone is connected to each other, the blogosphere, and a broad range of news media. The national mood coalesces in weeks, not months or years as in the past.

Obama is running out of time. Politically, the 2010 midterm elections are just around the corner and Democrats in the House and those in the Senate up for reelection know that Obama will put them all in the ranks of the unemployed. The anger directed at Congress is palpable. The White House will see increasing desertions as congressmen and women refuse to goosestep off the cliff for him

So here’s my wishful thinking. At some point early in 2010 a delegation of Congress critters will to show up in the Oval Office and hand the resident lunatic a resignation letter to sign. Some plausible excuse would be made to cover his exit. No doubt it would be hastened if Obama was confronted with evidence of misdeeds from the Chicago political cesspool in which he thrived.

If they don’t force his departure, the 2010 elections will likely repeat the 1994 turnover of Congress as voters of all descriptions elect any Republican candidate on the ticket.

In three months Obama has accomplished what some thought was impossible. He has made us nostalgic for George W. Bush.

Obama Overwhelmed
Obama Nap Time?