Tag Archive: libya


English: Graph showing U.S. dollar and Japanes...

The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end.

When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies to do business.

While the American currency still reigns supreme — it constitutes $3.72 trillion, or 62 percent, of the $6 trillion in allocated foreign exchange holdings by the world’s central banks — the Japanese yen, Swiss franc and what the IMF classifies as “other currencies” such as the Chinese yuan are gaining.

(Read More: Hedge Funds Reap Billions on Yen Bets)

“Generally speaking, it is not believed by the vast majority that the American dollar will be overthrown,” Dick Bove, vice president of equity research at Rafferty Capital Markets, said in a note. “But it will be, and this defrocking may occur in as short a period as five to 10 years.”

Bove uses several metrics to make his point, focusing on the dollar as a percentage of total world money supply.That total has plunged from nearly 90 percent in 1952 to closer to 15 percent now. He also notes that the Chinese yuan, the yen and the euro each have a greater share of that total.

via Is the Dollar Dying? Why US Currency Is in Danger.

 

English: Author Naomi Wolf speaking at an even...

Do us a favor, Al-Jazeera, keep her in Qatar, along with Al-Gore. We don’t want either of these leftist dhimmis in America.

Politico Naomi Wolf, the author and activist, is in early-stage talks with the global news network Al Jazeera, POLITICO has learned. Wolf, who currently writes a column for The Guardian, confirmed the news late Thursday night but stressed that the talks were in the earliest stages and that no job offer was on the table. ”It’s extremely informal and very, very preliminary,” she told POLITICO.

vaginacoverWolf is in a non-exclusive employment with the Guardian and has written columns for Al Jazeera and other news outlets in the past. A spokesman with Al Jazeera did not immediately respond to a request for comment regarding the talks. Al Jazeera, a Qatari-owned news network, bought Current TV from Al Gore earlier this year in an effort to expand its reach in the American market. Al Jazeera plans to announce the launch of an American-based network, called Al Jazeera America, later this year and has set about on a hiring spree to bulk up American-based staff. Wolf would be its first high-profile hire.

via NAOMI WOLF, radical leftist Jewish feminist in talks to join Muslim misogynists at Al-Jazeera | BARE NAKED ISLAM.

 

Al Gore

The title of of this leftist professor’s article is “How much free speech do we need?” So anti-American a concept, he had to go to Al-Jazeera to publish it. Of course, it’s hardly a surprise that a media outlet favored by Al-Qaeda and Al-Gore would concur with the idea that the First Amendment must be revised to restrict speech that is offensive to the most offensive people on earth – Muslims.

Erik Bleich is Professor of Political Science and Director of International Politics and Economics at Middlebury College in Vermont* (among the most far left of colleges in one of the most far left states in America) and is the author of The Freedom to Be Racist? How the United States and Europe Struggle to Preserve Freedom and Combat Racism, published by Oxford University Press.

http://senatorwagner.com/2011/02/montpelier-introduces-bill-to-kill-free-speech/

via We need the Second Amendment to protect us from Leftist professors like this who want to kill free speech | BARE NAKED ISLAM.

Countries by birth rate in 2008

I read last week that the Russian government is encouraging their people to have more sex. President Vlad the Impaler was even soliciting the assistance of the pop singing group Boyz to Men to encourage copulation among the masses. Of course, the story was happily reported by the main stream media, who love to report on anything to do with sex. But, there was no explanation for the motives behind the “push” from the Russians.

For that, one must do some research about birth rates and Soviet communist history. As it turns out, the Russians, like most modern nations are experiencing sub-replacement fertility rates. Birth rates are below the replacement rate. This should be good news to liberal minded Malthusians. Isn’t Mother Earth straining under the pressure of too many humans?

Actually, this is bad news for most modern societies, especially socialist welfare states. For an in depth explanation of the hazards of our current culture of death, I refer you to America Alone by Mark Steyn. As it turns out, welfare societies like Russia, most of Europe and the U.S. are top heavy with entitled retirees, disabled and “disadvantaged” folks. More young workers are needed to fund these programs, as well as to capitalize on new technologies.

via Lessons from Putin’s Russia: Save the Traditional Family :: Clash Daily.

 

THE GRAND KREMLIN PALACE, MOSCOW. President Pu...

Central banks around the world have printed money to escape the global financial crisis, and as Bloomberg reports, IMF data shows Russia added 570 metric tons in the past decade. Putin‘s fears that “the U.S. is endangering the global economy by abusing its dollar monopoly,” are clearly being taken seriously as the world’s largest oil producer turns black gold into hard assets. A lawmaker in Putin’s party noted, “the more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency.”

Putin’s gold strategy fits in with his resource nationalism, statist agenda, as Bloomberg notes when Russia defaulted in 1998 it took 28 barrels of oil to buy one ounce of gold, was 11.5 barrels when Putin came to power and when in 2005 it had fallen to 6.5 barrels (less than half what it is now), he went all in, telling the central bank to buy.

via Russia Flips Petrodollar On Its Head By Exporting Crude, Buying Record Gold | Zero Hedge.

 

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