MONEY: The dollar as the world’s reserve currency

Saturday, May 2, 2009

http://www.garynorth.com/public/4879.cfm

The Emperor’s New Tools
Gary North
April 25, 2009

*** begin quote ***

Bernanke assured his listeners that the FED has lots of ways to deal with this threat — painless, politically acceptable ways, he implied.

We have a number of tools we can use to reduce bank reserves or increase short-term interest rates when that becomes necessary. First, many of our lending programs extend credit primarily on a short-term basis and thus could be wound down relatively quickly. In addition, since the lending rates in these programs are typically set above the rates that prevail in normal market conditions, borrower demand for these facilities should wane as conditions improve.

Translation: “The money we have created to bail out the financial system will return to the FED and be mopped up. It will not be lent out again.” The word “many” means “we aren’t saying how much, and we will not tell you if you ask.”

*** end quote ***

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They have no tools. Only the ability to pull the wool over the sheep’s eyes using their own wool.

I don’t understand: (1) Why the Chinese will hold more dollars? (2) Who’s going to buy Obama’s trillion dollar deficits? (3) What’s going to become of those on fixed income when inflation takes off? (4) What’s going to happen to the American economy when foreigners what to get paid with real money for the stuff they are sending us?

Argh!

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GOVEROTRAGEOUS: What is Obama hiding and why hasn’t the “press” found it?

Wednesday, April 29, 2009

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=95460

Why I care about Obama eligibility issue
Posted: April 20, 2009 1:00 am Eastern
David Kupelian

*** begin quote ***

First: Barack Obama is hiding something. About that statement, there can be no dispute. Despite dozens of lawsuits, with plaintiffs including a former presidential candidate, a former deputy attorney general, many legislators, active-duty U.S. military and other serious people, Obama simply refuses to release his original, long-form birth certificate. That’s the one that could actually prove he was born in Hawaii. What is posted on Obama’s “Fight the Smears” website as well as FactCheck.org is the abbreviated short-form “certification of live birth” that could have been issued for a child born overseas, and thus does not prove he was born in Hawaii. What is so difficult about this to understand?

As I said, he’s hiding something. I want to know what it is. And I want the world to know what it is.

Where’s the proof Barack Obama was born in the U.S. or that he fulfills the “natural-born citizen” clause in the Constitution? If you still want to see it, join more than 355,000 others and sign up now!

Ask yourself: Why would Obama have a team of high-priced lawyers fighting to stop his Occidental College records from being released? If I were elected president, don’t you think my college records would be made public? Similarly, he has lawyers fighting all the eligibility lawsuits, many of which are simply demanding proof – which Obama could easily provide – of the specifics of his birth time and place, something the U.S. Constitution unequivocally and unapologetically demands of presidential candidates.

The lawsuits started well before Obama won the election. You’d think that after he won the November popular vote, after the Electoral College confirmed him in December, after he was inaugurated in January, the lawsuits would fade away. After all, he won – get over it. But the legal challenges attempting to compel Obama to prove his natural born citizenship are increasing, not decreasing, with each passing month. Perhaps the realization that he’s damaging the country in unimaginable ways is imparting urgency to those who hope he can be removed from office if it’s proven he obtained it by fraud.

All I know is, Obama is hiding something. After all, he has it totally within his power to make all these lawsuits and “birthers” look foolish with a simple, 30-second phone call to the Hawaii Department of Health, saying, “I authorize you to release to the public and press a certified copy of my complete, long-form birth certificate.”

{Extraneous Deleted}

*** end quote ***

OK, I’ll adjust my tin foil hat and say it: “I’m a birther”.

There is no possible explanation for Obama’s reluctance; other than he has something to hide.

It must bear on his ability to satisfy Constitutional muster as President.

Anything less, just doesn’t make sense.

Not nice to say, but he has pulled the wool over our eyes.

Will we have to wait for History’s verdict?

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GOVEROTRAGEOUS: Obama seeks to restrict rights?

Saturday, April 25, 2009

http://www.google.com/hostednews/ap/article/ALeqM5gsdBeBfQ1PJTCFWgQGQw0vp6U30QD97ONB3G3

Obama legal team wants to limit defendants’ rights
By MARK SHERMAN – 1 day ago

*** begin quote ***

WASHINGTON (AP) — The Obama administration is asking the Supreme Court to overrule a 23 year-old decision that stopped police from initiating questions unless a defendant’s lawyer is present, the latest stance that has disappointed civil rights and civil liberties groups.

While President Barack Obama has reversed many policies of his Republican predecessor, George W. Bush, the defendants’ rights case is another stark example of the White House seeking to limit rather than expand rights.

*** end quote ***

Are the D’s supposed to be FOR the people and their rights?

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RANT: The real asto turf was the anti-war movement opposing Bush!

Friday, April 24, 2009

http://amconmag.com/article/2009/apr/20/00020/

April 20, 2009 Issue
The American Conservative
Peace Out   
With Obama in office, liberals learn to love war.
By Justin Raimondo

*** begin quote ***

The antiwar rally at the University of Iowa was sparsely attended. The below 30 degree weather might have had something to do with it, but Paul Street, a local writer and one of the speakers, had another theory, as the Daily Iowan reported:

Before the crowd of fewer than 20, Street questioned why the ‘left’ locals and university officials aren’t doing more to help in the protests against the war. ‘The big truth right now, whether this town’s missing-in-action progressives get it or not, is that we need to fight the rich, not their wars,’ he said, citing big corporations for wasting their technology and funding on war.

The big truth is that the antiwar movement has largely collapsed in the face of Barack Obama’s victory: the massive antiwar marches that were a feature of the Bush years are a thing of the past. Those ostensibly antiwar organizations that did so much to agitate against the Iraq War have now fallen into line behind their commander in chief and are simply awaiting orders.

*** end quote ***

So, we now have DEMONSTRATED evidence that all the supposedly anti-war zealots were merely the liberal Democrats campaigning for their guy.

In this blog and on boards everywhere, I was pounded for saying that Ron Paul was the only true anti-war candidate.

All us little L libertarians are truly anti-war. Anti-aggression. Not defenseless! But pragmatic. MYOB and live and let live.

Maybe Justing is correct and Af-Pak will be Obama’s VietNam.

(Notice how the mainstream media has stopped reporting casualties. As an old vet, I watch good young men and women pour their life’s blood out for this mistake. Liek the other mistakes. How many have to die before the fathers and mothers in this country stand up and say “NO!”. Ron Paul would have done that.)

It just makes me sad!

And, mad!

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GOVEROTRAGEOUS: Obama’s a fascist, or a socialist!

Thursday, April 23, 2009

http://thehill.com/dick-morris/obamas-leap-to-socialism-2009-04-21.html

Obama’s leap to socialism
By Dick Morris
Posted: 04/21/09 05:21 PM [ET]

*** begin quote ***

President Obama showed his hand this week when The New York Times wrote that he is considering converting the stock the government owns in our country’s banks from preferred stock, which it now holds, to common stock.

This seemingly insignificant change is momentous. It means that the federal government will control all of the major banks and financial institutions in the nation. It means socialism.

*** end quote ***

It’s fascism.

Regardless of what you call it, it’s bad news!

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MONEY: Deficit spending?

Tuesday, April 21, 2009

200904171047.jpg

Speechless!

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INTERESTING: An explanation for Obama’s hidden birth certificate

Monday, April 20, 2009

http://www.lewrockwell.com/taylor/taylor154.html

Maybe Someone Switched (Babies) Presidents!
by Linda Schrock Taylor

*** begin quote ***

What actually is the Truth? I have read extensively and believe that I have a plausible, and quite probable, sequence in mind. Consider this scenario… When the airlines discovered that Obama-Mama was obviously ready to go into labor at any moment, the decision was made that she would not be allowed to travel from Kenya to Hawaii. Mama-Stanley had no option but to birth her son in Kenya (and so a British and a Kenyan citizen), just as his grandmother has firmly stated. Once the baby was on her, rather than in her, Mama-Stanley rushed to Hawaii to file his coming as a “homebirth.” Hawaii officials, lacking verification from any health professional in attendance at the birth, simply issued a certification confirming that: An Office Official had noted a live child that was born…somewhere on Earth.

The story very probably went from bad to worse following the compromised birth certificate. Mama later married an Indonesian and this president became an Indonesian citizen. He attended Muslim schools, which only Muslims are allowed to attend. (Hint. Hint!! Be alert to his underlying loyalties.) Since there appears to be no record of any naturalization process (as if that would make him eligible to become president…which it would not); no proof of Barry being born in America; nothing to authorize him to run for the presidency of the United States…this president appears to be an international fraud, traveling in and out of countries, especially this one, carrying no proof of being a natural born, American citizen; no full-form legal (i.e. un-forged; un-doctored; HIDDEN) birth certificate; and carrying a fraudulent American passport. Ah, what “face recognition” can achieve for a person…or at least hide! Or would this be along the lines of…a lie told enough times, with enough lawyers standing at the ready, may get crammed down the throats of an entire nation.

*** end quote ***

Yes, I’m a “birth-er”.

If there was nothing to be hidden, then why hide his birth certificate?

Why all the top notch legal talent trying to keep it hidden?

If it walks like a duck, quacks like a duck, and has feathers like a duck, then it MUST be a duck!

You don’t have to be SHerlock Homes to wonder why the charade.

Guess, like Pearl Harbor (1), We The People will find out the truth in fifty or sixty years.

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(1) Robert Stinnett, author of Day Of Deceit, provides the proof. FDR at least knew, and may well have induced Pearl Harbor.

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GOVEROTRAGEOUS: Obama’s pizza like Gore’s house and Edward’s haircut

Sunday, April 12, 2009

http://www.americanthinker.com/blog/2009/04/lifestyles_of_the_autocratic_a.html

April 10, 2009

Lifestyles of the autocratic and famous
Thomas Lifson

*** begin quote ***

What ever happened to leading by example? In the midst of a “financial crisis” Barack and Michelle Obama seem to be animated by a spirit of livin’ large.

The American press wasn’t interested, so it fell to the UK Daily Mail to reveal that Barack Obama had a chef flown in from St. Louis (complete with cheese, dough, and pans) to make pizzas for himself and 20 White House staffers.

*** end quote ***

“Liberals”, as we use the term today, are shameless.

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GOVEROTRAGEOUS: Biden again caught in a lie

Saturday, April 11, 2009

http://www.foxnews.com/politics/first100days/2009/04/09/rove-calls-biden-liar-bush-aides-challenge-vps-boasts/

Rove Calls Biden ‘Liar’ After VP Boasts of Scolding Bush
Aides to former President George W. Bush are challenging the veracity of Vice President Joe Biden’s claim this week of having privately castigated Bush.
By Bill Sammon
FOXNews.com

Thursday, April 09, 2009

*** begin quote ***

Republican strategist Karl Rove called Vice President Biden a “liar” on Thursday, dramatically escalating a feud between Biden and aides to former President George W. Bush over Biden’s claims to have rebuked Bush in private meetings.

“I hate to say this, but he’s a serial exaggerator,” Rove told FOX News. “If I was being unkind I would say liar. But it is a habit he ought to drop.”

{Extraneous Deleted}

*** end quote ***

The quality of the man is exposed. Again.

And Obama picked him. That goes to his credibility.

Seems time for him to have a “medical reason” to retire.

We can’t have a loose cannon “a heartbeat away” from the Presidency.

There’s a reason the DOWGs originally made the election’s runner up the VP. Now we see why.

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MONEY: Obama’s “Bailout Bonds”

Friday, April 10, 2009

http://www.lewrockwell.com/rockwell/bailout-bonds.html

Bailout Bonds?
by Llewellyn H. Rockwell, Jr.

*** begin quote ***

The Obama administration is cajoling investment companies to create bailout bonds. These would be similar to the bonds that wartime presidents created to find sucker-investors for their wars. Americans were browbeaten into buying them as a patriotic duty. So too those who say “yes, we can” to the bailouts will be asked to do their patriotic duty, and buy the debt of loser companies.

It’s all part of the war on depression, which is destined to be as successful as the war on drugs. But, hey, if it is a good investment, why not buy bailout bonds? Well, there’s a problem. The bonds represent credit extended to companies and projects that are proven market failures. Creating these bonds is a way of institutionalizing the principle of buying low and selling lower.

*** end quote ***

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An even MORE important point is who’s going to buy ANY of the US Gooferment debt?

When the pundits say ONE or TWO Trillion Dollar Deficit, (that means they haven’t or can’t tax it to zero), there are really only TWO choices: INFLATION to monetize the debt (A fancy way to say “we’re going to screw everyone who hold dollars”; that’s why the Chinese with their 5T$ are upset. Inflation is a tax on every dollar that currently exists. How many do you have?) —-OR—- BORROW it. (The Treasury issue notes and bonds, basically IOUs, to folk who think they might get their money back with interest.

Who’s going to buy 2T$ worth of debt?

Not the unemployed. Not the “scared money”. Not the Chinese. Not the retirees who have taken a 50% haircut in the market. Not those with 401ks and IRA that have taken the same haircut or worse.

Who else has savings to loan Uncle Sam?

Watch for the interest rates to rise. See bond buyers KNOW their biggest risk is inflation. For those of us who lived thru the Carter Stagflation, we remember the Treasury couldn’t sell 15% tbills because price inflation was running 20%. History WILL repeat itself.

Gold and silver. Gold and silver.

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