William F. Jasper
U.S. Treasury Secretary Timothy Geithner has given a nod of approval to China’s call for a global currency to replace the dollar, joining a chorus of international voices that include Russia, a United Nations panel, billionaire investor George Soros, and Kazakhstan — among others. Geithner’s remarks favoring the China proposal, delivered at a meeting of the Council on Foreign Relations (CFR) on March 25, surprised many, as the previous day both he and President Obama gave statements disapproving of any move away from the U.S. dollar as the world’s reserve currency.
Is the International Monetary Fund headed toward becoming the Federal Reserve of the world? Although one-world elitists in political and banking circles have been promoting the idea for many years, it has taken the current global economic crisis to provide the appearance of urgency and legitimacy needed to make the Global Fed scheme sellable to the public.
Round two of the economic crime of the century has begun. On January 12, Lawrence Summers, President Obama's designee to become director of his National Economic Council, sent a letter to congressional majority and minority leaders seeking the second half of the $750 billion approved by Congress last October.
The Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history.
For years, the so-called economic experts — Ivy League economists, Federal Reserve chairmen, Treasury Secretaries, and media financial analysts — have been selling a bull market. Buy, buy, buy; spend, spend, spend; borrow, borrow, borrow. But the running of the bulls on Wall Street has now turned bloodier and uglier than the annual carnage on the streets of Pamplona.
President Obama and his fellow enthusiasts for "green technology" have stumbled into a thicket of their own making. Most of the their pet "alternative energy" projects -- solar panels, hybrid and electric car batteries, wind turbine magnets, compact fluorescent light bulbs, etc. -- are dependent upon "rare earth elements" that have been made all but unobtainable here in the United States, thanks in significant measure to environmental extremism.
The Obama administration cannot be happy that two of its most strident supporters, MSNBC commentator Chris Matthews and new Hawaii governor Neil Abercrombie, have re-opened the "birther" controversy.
In a new video commentary (watch below), Liberty News Network immigration and border security analyst Andy Ramirez takes apart the recent claims by Department of Homeland Security (DHS) Secretary Janet Napolitano that the Obama administration is doing a bang-up job of guarding the border and deporting illegal aliens.
Is a global "carbon tax" still in the works, even though political support, as well as scientific support, has been steadily plummeting for legislative and regulatory regimes aimed at dealing with global warming?
The Transportation Security Administration (TSA) is spending billions of dollars to install naked full-body scanners at airports, and millions of Americans are facing the humiliation of either a virtual strip search or a private-parts pat-down in order to fly. A regrettable but unavoidable development, right? After all, sacrificing one's dignity, privacy, and constitutional rights is a small price to pay for airline security. That's the government's line anyway. In fact, as far as Department Homeland Security chief Janet Napolitano is concerned, this is just the start; travelers using mass transit, trains, and boats should also expect soon to experience the same treatment. And after that? Why not the same for bus stations, and portable scanners and pat-downs for random highway stops of motorists?