I just the read the Associated Press article on Sarah Palin's new book Going Rogue. The "journalists" who wrote the article fact-checked 12 different points in her book. Where were these "journalists" in 2007 and 2008 when we needed them? Barack Obama had already "authored" two books of his own, on his favorite subject, himself. The American public needed and deserved some fact-checking on this man back then. They had plenty of time to do it but somehow they just couldn't get around to it. Interesting. Then, McCain picked Sarah Palin for his running mate, she energized the Republican base, pushed McCain into the lead and somehow the MSM had plenty of time and resources to vet her.
Is it any wonder the American people do not trust the mainstream media? The MSMers are so high up in their ivory towers they can't even see America. The only America they know is the one portrayed on TV.
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Saturday, November 14, 2009
Oba Mao Visits China
President Obama is on his way to China, leaving our soldiers in Afghanistan wondering WTF is going on? It's obvious that our President thinks going to China is more important than making a decision on the situation in Afghanistan. What could possibly be more important? Maybe it's the US Dollar.
The US$ is sinking fast and the White House and the rest of the world know this. China has been hoarding gold and is now preparing to decouple the yuan from its US$ peg. They, along with Russia, Japan, Iran and France are also preparing to unhitch the US$ from Oil trading. Once US Dollar hegemony ceases to exist, our economy is going to be in for a seismic shock of great magnitude.
All the cheap imports from China will become more expensive and shopping at WalMart will be like shopping at Neiman Marcus. All imported goods and commodities like food and oil will become very expensive. Add to that the inflation caused by excessive money printing that is headed our way and the fact that we will not be able to pay for these things because no one will lend us any more money and the result will be high prices and scarcity.
Obama is now in China, prepared to kowtow at the altar of Communism and beg for mercy. How can he send more troops to Afghanistan if the Chinese won't lend us the money? Bernanke could print more but, will he? The Chinese have warned us not to monetize our debt, which we are doing anyway, because the dollars they will receive in the future will be worth less (worthless?) than the money they lent us. And they are not happy about it. I wouldn't be happy and I suspect most of us wouldn't. But that is exactly what is happening to US citizens right now and has been for decades. The dollars you had yesterday are worth less today.
The Federal Reserve and the Treasury have been robbing us of purchasing power since 1913 (please read Ron Paul's book, End The Fed). Now that decline is accelerating because of the massive amounts of dollars being printed in the names of TARP and Stimulus.
What will Obama and the Chinese officials be talking about? Let's take a guess. The Chinese are going to reprimand Obama for weakening the US Dollar and monetizing the debt. They will want to know how we intend to repay our debts. Our debts are now at the point of no return, we and our children and grandchildren, etc., can pay the interest for eternity but never pay off the principal. Do we give them Alaska? Our National Parks? Our nuclear weapons? What kind of deal are they going to cut?
Some say it will be dangerous to their economy if China decouples from the US$. But how so? Their currency will appreciate and US citizens will not be able to afford their products. So what? There are all of the other countries in this world that have money in the bank whose own currencies will appreciate relative to the yuan. There is a burgeoning middle class in China ready to buy up TV's, washing machines, computers, etc. They will be able to pick up the slack.
The Chinese are not stupid and they do not like being played for fools. Do you? I don't! They have been quietly preparing for the day of decoupling, their Economic Independence Day. The government has been amassing gold reserves and have told their citizenry to buy gold and silver bullion. Have you heard anyone in our government recommend such a thing? No, they are either deluded into thinking their Ponzi scheme of fiat money will go on forever or they are, just simply, deceiving us.
The Chinese have been trading their US dollars for all kinds of commodities, tangible goods, actual things they can own instead of worthless paper dollars. They are using SDR's and calling for a basket of currencies to replace the US Dollar. They have joined with other countries saying they will cease trading oil in US$ in a few years. They are cutting deals left and right. They are doing everything they can to get rid of their US dollars. What do they know that we don't know?
The once Almighty Dollar has fallen. The world has withdrawn its grace. We have become beggars. We have become bullies. If you don't lend us your money we will lower the interest rates. If you don't trade oil in dollars then we will come and destroy you (see Iraq). This is not America. If it's going to fall apart then let it. I really don't care anymore.
#
The US$ is sinking fast and the White House and the rest of the world know this. China has been hoarding gold and is now preparing to decouple the yuan from its US$ peg. They, along with Russia, Japan, Iran and France are also preparing to unhitch the US$ from Oil trading. Once US Dollar hegemony ceases to exist, our economy is going to be in for a seismic shock of great magnitude.
All the cheap imports from China will become more expensive and shopping at WalMart will be like shopping at Neiman Marcus. All imported goods and commodities like food and oil will become very expensive. Add to that the inflation caused by excessive money printing that is headed our way and the fact that we will not be able to pay for these things because no one will lend us any more money and the result will be high prices and scarcity.
Obama is now in China, prepared to kowtow at the altar of Communism and beg for mercy. How can he send more troops to Afghanistan if the Chinese won't lend us the money? Bernanke could print more but, will he? The Chinese have warned us not to monetize our debt, which we are doing anyway, because the dollars they will receive in the future will be worth less (worthless?) than the money they lent us. And they are not happy about it. I wouldn't be happy and I suspect most of us wouldn't. But that is exactly what is happening to US citizens right now and has been for decades. The dollars you had yesterday are worth less today.
The Federal Reserve and the Treasury have been robbing us of purchasing power since 1913 (please read Ron Paul's book, End The Fed). Now that decline is accelerating because of the massive amounts of dollars being printed in the names of TARP and Stimulus.
What will Obama and the Chinese officials be talking about? Let's take a guess. The Chinese are going to reprimand Obama for weakening the US Dollar and monetizing the debt. They will want to know how we intend to repay our debts. Our debts are now at the point of no return, we and our children and grandchildren, etc., can pay the interest for eternity but never pay off the principal. Do we give them Alaska? Our National Parks? Our nuclear weapons? What kind of deal are they going to cut?
Some say it will be dangerous to their economy if China decouples from the US$. But how so? Their currency will appreciate and US citizens will not be able to afford their products. So what? There are all of the other countries in this world that have money in the bank whose own currencies will appreciate relative to the yuan. There is a burgeoning middle class in China ready to buy up TV's, washing machines, computers, etc. They will be able to pick up the slack.
The Chinese are not stupid and they do not like being played for fools. Do you? I don't! They have been quietly preparing for the day of decoupling, their Economic Independence Day. The government has been amassing gold reserves and have told their citizenry to buy gold and silver bullion. Have you heard anyone in our government recommend such a thing? No, they are either deluded into thinking their Ponzi scheme of fiat money will go on forever or they are, just simply, deceiving us.
The Chinese have been trading their US dollars for all kinds of commodities, tangible goods, actual things they can own instead of worthless paper dollars. They are using SDR's and calling for a basket of currencies to replace the US Dollar. They have joined with other countries saying they will cease trading oil in US$ in a few years. They are cutting deals left and right. They are doing everything they can to get rid of their US dollars. What do they know that we don't know?
The once Almighty Dollar has fallen. The world has withdrawn its grace. We have become beggars. We have become bullies. If you don't lend us your money we will lower the interest rates. If you don't trade oil in dollars then we will come and destroy you (see Iraq). This is not America. If it's going to fall apart then let it. I really don't care anymore.
#
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