Posts Tagged ‘Chavez’

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?

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Docs confirm Obama’s Membership in Socialist Party

October 11, 2008

Of course Team Obama will (if not already) deny the association, but (thanks to the new google search program) they will not be able to deny documents found in supposedly “sanitized” archives.  Here’s the  part I  search that reveals an association that Obama wishes had not been discovered:

In June sources released information that during his campaign for the State Senate in Illinois, Barack Obama was endorsed by an organization known as the Chicago “New Party”. The ‘New Party’ was a political party established by the Democratic Socialists of America (the DSA) to push forth the socialist principles of the DSA by focusing on winnable elections at a local level and spreading the Socialist movement upwards. The admittedly Socialist Organization experienced a moderate rise in numbers between 1995 and 1999.

Document views are available at the link above.  There can be no denial that Barack Obama was a member ….

“… Chicago is sending the first New Party member to Congress, as Danny Davis, who ran as a Democrat, won an overwhelming 85% victory. New Party member Barack Obama was uncontested for a State Senate seat from Chicago. “

Part II continues here …..

Confirmation of Obama’s relationship with ACORN is now posted at Perish the Thought.

Obama’s past has always been a mystery.   With recent revelations, there are several reasons why …. his work with ACORN, ACORN and voter fraud, Ayers, the Ayers-Chavez relationship, Rev. Wright, Farrahkan, Dohrn, Odinga, Kenya, Kahid al Manseur and illegal foreign contributions and more ….