Tuesday, September 8, 2009

China alarmed by US money printing

(Analyst's note: Must read.)

By Ambrose Evans-Pritchard

The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.

.... "If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies," he said.

China's reserves are more than – $2 trillion, the world's largest.

"Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets," he added.

The comments suggest that China has become the driving force in the gold market and can be counted on to buy whenever there is a price dip, putting a floor under any correction.

Mr Cheng said the Fed's loose monetary policy was stoking an unstable asset boom in China. "If we raise interest rates, we will be flooded with hot money. We have to wait for them. If they raise, we raise.

"Credit in China is too loose. We have a bubble in the housing market and in stocks so we have to be very careful, because this could fall down."

Mr Cheng said China had learned from the West that it is a mistake for central banks to target retail price inflation and take their eye off assets. ....


Audio - Congressman: 'Empower the American people' GOP's Hoekstra: Simple free-market approach can fix health-care woes

(Analysts note: Must read - hear comments regarding OUR health care.)

Communist sympathizer introduced top adviser? Valerie Jarrett's family worked closely with Obama mentor Frank Marshall Davis

By Aaron Klein


Valerie Jarrett
NEW YORK – Was Valerie Jarrett, one of President Obama's closest advisers, introduced to the president's political circles by her father-in-law, a communist sympathizer who worked with the radical Obama mentor Frank Marshall Davis?

Jarrett reportedly interviewed Obama's former environmental

adviser Van Jones for his White House position from which he resigned this past weekend. WND exposed Jones is an admitted black nationalist and radical communist.

Jarrett defended Jones after his appointment in March. She stated in an interview that the White House staff were "so delighted to be able to recruit him into the White House." ....

Shocker! Judge orders trial on eligibility issue Arguments planned Jan. 11 for major Obama challenge

(Analyst's note: Absolutely must read.)

By Jerome R. Corsi


Is this the footprint of baby Barack Obama?

A California judge today tentatively scheduled a trial for Jan. 26, 2010, for a case that challenges Barack Obama's eligibility to be president based on questions over his qualifications under the requirements of the U.S. Constitution.

If the case actually goes to arguments before U.S. District Judge David Carter, it will be the first time the merits of the dispute have been argued in open court, according to one of the attorneys

working on the issue.

In a highly anticipated hearing

today before Carter, several motions were heard, including a resolution to long-standing questions about whether attorney Orly Taitz properly served notice on the defendants, which she had.

In a second ruling, Carter ordered that attorney Gary Kreep of the United States Justice Foundation can be added to the case to represent plaintiffs Wiley Drake and Markham Robinson, who had been removed by an earlier court order. Drake, the vice presidential candidate for the American Independent Party, and Robinson, the party's chairman, also were restored to the case.

Want to know for certain where Obama was born? Demand the truth by joining the petition campaign to make President Obama reveal his long-form, hospital-generated birth certificate!

But the judge did not immediately rule on Taitz' motion to be granted discovery – that is the right to see the president's still-concealed records. Nor did Carter rule immediately on a motion to dismiss the case, submitted by the U.S. government, following discussion over Taitz' challenge to the work of a magistrate in the case.

The judge did comment that if there are legitimate constitutional questions regarding Obama's eligibility, they need to be addressed and resolved.

Carter ordered a hearing Oct. 5 on the motion to dismiss and ordered arguments submitted on the issue of discovery.

If the case survives that challenge, a pretrial hearing has been scheduled for Jan. 11 and the trial for two weeks later.

The case would be the first time, according to Kreep, that the actual merits of the dispute will have been heard in open court. A multitude of such disputes have been rejected out of hand by various state and federal courts. Even the U.S. Supreme Court repeatedly has rejected urgent appeals to hear the evidence.

The suit alleges Obama is actually a citizen of Indonesia and "possibly still citizen of Kenya, usurping the position of the president of the United States of America and the commander-in-chief." ....

Why parents don’t trust the Educator-in-Chief and his comrades

By Michelle Malkin

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My column takes another swing at all the president’s radical education men. For more background on Commie Michael Klonsky, see Andrew McCarthy’s report from last October here. I mentioned some of the activists in the White House Teaching Fellowship program here. Don’t forget your Hall Pass on That. The guys at The Nose on Your Face have cooked up some Junior Czar badges, too.And for more on the nationwide backlash, read here. Hope and change! ....

Video: Krauthammer Connects Radical Dots Between Obama, Wright, Ayers & Jones

(Analyst's note: Absolutely must read - see.)



The Constitution and American Sovereignty

by Jeremy Rabkin

If we allow more American policy to be made for us at international gatherings, what will be left to being an American when we are all simply part of some abstract humanity? ....

Agro-terrorism Threat Is A Real One

(Analyst's note: Another troubling report.)

by Chad Groening

An author and terrorism expert says as the anniversary of the 9/11 terror attacks approaches, Americans need to be aware of the threat of agro-terrorism and the impact it could have on the nation’s food supply. Tim Downs is the author of Ends of the Earth (Thomas Nelson, September 2009), a novel which explores the scenario of a terrorist attack on U.S. farms which contaminates the nation’s food supply. Downs, who has done extensive research on agro-terrorism, says it is especially difficult to defend against.

“The concern about an agricultural act of terrorism is we just can’t defend a thousand-acre farm,” he explains. “You can put up a metal detector in an airport — but how do you protect a thousand acres of corn or wheat?”

Tim Downs (author)The 2007 Christy Award-winning author says this method of terrorism is much cheaper than making a nuke.

“Experts have estimated that for a terrorist group to develop a nuclear weapon could cost them a billion dollars,” Downs notes. “But to develop a very good biological arsenal you would need about ten million dollars and a very small lab and a master’s degree in chemical engineering.

Downs says more than likely the terrorists would use genetically altered insects to spread pathogens to infest the crops. According to the author, experiments of this kind were conducted by both the former Soviet Union and Nazi Germany.

Obama to seal US-UN relationship

(Analyst's note: Troubling at best.)

Barack Obama will cement the new co-operative relationship between the US and the United Nations this month when he becomes the first American president to chair its 15-member Security Council.

The topic for the summit-level session of the council on September 24 is nuclear non-proliferation and nuclear disarmament – one of several global challenges that the US now wants to see addressed at a multinational level. ....

CIA Torture Probe Endangers the War on Terror

(Analyst's note: I agree with ACT for America in this must read article -- Decisions made and actions taken by the Obama administration and some leaders of Congress the past few months leave many Americans, including us, wondering “Who do they see as America’s real enemy?”

For instance, regardless of one’s position on health care reform, we’re witnessing harsher epithets tossed by some politicians at protestors exercising their first amendment rights at congressional townhall meetings than we hear applied to radical Islamists. When certain politicians call their fellow Americans “evil,” “Nazis,” “fascists,” and “un-American,” while at the same time refusing to utter the phrase “war on Islamic terrorism,” we are left to wonder: “Who do they see as America’s real enemy?”

When the Obama administration releases details of our interrogation techniques, compromising our counterterrorism efforts, and directs the FBI to mirandize captured enemy combatants on the battlefield in Afghanistan by reading them their “rights,” we are left to wonder: “Who do they see as America’s real enemy?”

And when Attorney General Eric Holder, surely with the tacit approval of President Obama, decides to order an investigation of interrogation techniques of terrorists, which is devastating morale at the CIA and will ultimately put Americans at greater risk, we are left to wonder: “Who do they see as America’s real enemy?”)

by Donald Lambro


The Justice Department's decision to investigate the interrogation methods used by the Bush administration's war on terrorism sent a chilling message to CIA agents that they could be prosecuted for protecting our country from another attack.

Despite President Obama's promise to CIA personnel earlier this year that he did not want to reopen the debate over aggressive-interrogation practices in the previous administration, Attorney General Eric Holder named a special prosecutor to go after agents who acted with the approval of the Bush Justice Department's legal rulings.

Holder not only overruled Obama -- who caved in to his attorney general and said it was his call -- he dismissed the bitter opposition of CIA Director Leon Panetta and even attorneys in his own department.

It was the latest move in a number of actions that have defanged the CIA and reduced its effectiveness in the war on terror, after eight years of foiling numerous plots that has kept our country safe.

Seven months into his presidency, Obama has moved to close down the Guantanamo Bay facility for prisoners in the war against terrorism. He has issued directives that have tied the hands of intelligence agents trying to discover terrorist plots against Americans before they occur. He has removed the CIA's authority for interrogation and placed it in the White House. He has undercut CIA chief Panetta, raising questions as to who is running the agency, Panetta or the White House's political agents.

His administration has even banned Bush's phrase, "war on terrorism," and in the past few months needlessly released top-secret intelligence documents that have given Al Qaeda and the Taliban terrorists a treasure-trove of information about interrogation policies and practices.

And now he has given in to Holder's plan to prosecute some of the CIA's best agents, breaking a solemn public pledge to the nation's chief intelligence agency that its agents would not be persecuted simply for doing their job.

"President Obama's decision to allow the Justice Department to investigate and possibly prosecute CIA personnel, and his decision to remove authority for interrogation from the CIA to the White House, serves as a reminder, if any were needed, of why so many Americans have doubts about this administration's ability to be responsible for our nation's security," said former Vice President Richard Cheney.

People who have talked to Panetta recently say his embattled agency is suffering from deep morale problems as agents wonder why the White House seems to be spending more time and effort investigating them than stepping up the war on terrorism.

Career CIA agents now have good reason to fear that Holder's -- and now the president's -- special prosecutor, John H. Durham, will be coming after them with both guns blazing and maybe other former top officials in the Bush administration.

"Once Durham starts digging," the Washington Post reported this week, "... the veteran prosecutor could uncover evidence that leads him higher up the chain of command in an inquiry that grows broader than what the Justice Department outlined Monday."

The dangerous precedent this sets is contrary to Obama's oft-repeated intention to focus on the future, not the past. Instead, his administration is now intent on prosecuting public officials who acted at the time under legal opinions cleared by the Justice Department.

Administration officials say the president is sensitive to the damaging impact that a criminal investigation could have on the CIA and has drawn a tenuous line that they describe as a "balancing act."

But through information gathered from high-value terrorist prisoners during CIA interrogations, we know that our enemies are plotting to attack again and kill as many Americans as they can. This isn't a time for a nuanced "balancing act." It is a time to send a message to those who would do us harm that we are using all of the tools, methods and weapons at our command to protect our national security.

That was the clear, unmistakable message President Bush sent to our enemies, and no one can quarrel with the fact that the policies, programs and actions he implemented successfully defended us for eight years.

But that is not the message the Obama administration is sending as batteries of lawyers are being sent in to defend terrorist detainees, some of whom who are either being read their Miranda rights or sent back to their homelands where many have resumed their terrorist lives.

Indeed, instead of stepping up the war on terrorism, his administration seems to be declaring war on America's intelligence apparatus with plans to mount a criminal investigation against a frontline national-security agency.

"It doesn't appear to be a serious move" to combat terrorism, Cheney said Sunday on Fox News. "It's a direct slap at the CIA."

It is also another egregious example of this administration's misguided retreat in a war where failure is not an option.

The Obama Health Care Bill & Dangers to the Constitution (Michael Connelly is a Constitutional Lawyer and has read the entire health care bill)

(Analyst's note: Another letter received from a friend. Absolutely must read.)

Michael Connelly (http://michaelconnelly.viviti.com/ ) is a Constitutional Lawyer and has read the entire health care bill and has some comments, not about the bill, but about the effects on our Constitution. It's a broader picture than just health care reform.

Once this sort of thing happens, it will be irreversible.

THE TRUTH ABOUT THE HEALTH CARE BILL


Well, I have done it! I have read the entire text of proposed House Bill 3200: The Affordable Health Care Choices Act of 2009. I studied it with particular emphasis from my area of expertise, constitutional law. I was frankly concerned that parts of the proposed law that were being discussed might be unconstitutional. What I found was far worse than what I had heard or expected.

To begin with, much of what has been said about the law and its implications is in fact true, despite what the Democrats and the media are saying. The law does provide for rationing of health care, particularly where senior citizens and other classes of citizens are involved, free health care for illegal immigrants, free abortion services, and probably forced participation in abortions by members of the medical profession.

The Bill will also eventually force private insurance companies out of business and put everyone into a government run system. All decisions about personal health care will ultimately be made by federal bureaucrats and most of them will not be health care professionals.Hospital admissions, payments to physicians, and allocations of necessary medical devices will be strictly controlled.

However, as scary as all of that is, it just scratches the surface. In fact, I have concluded that this legislation really has no intention of providing affordable health care choices. Instead it is a convenient cover for the most massive transfer of power to the Executive Branch of government that has ever occurred, or even been contemplated. If this law or a similar one is adopted, major portions of the Constitution of the United States will effectively have been destroyed.

The first thing to go will be the masterfully crafted balance of power between the Executive, Legislative, and Judicial branches of the U.S. Government. The Congress will be transferring to the Obama Administration authority in a number of different areas over the lives of the American people and the businesses they own. The irony is that the Congress doesn't have any authority to legislate in most of those areas to begin with. I defy anyone to read the text of the U.S. Constitution and find any authority granted to the members of Congress to regulate health care.

The paragraph below is really frightening

This legislation also provides for access by the appointees of the Obama administration to all of your personal healthcare information, your personal financial information, and the information of your employer, physician, and hospital. All of this is a direct violation of the specific provisions of the 4th

Amendment to the Constitution protecting against unreasonable searches and seizures. You can also forget about the right to privacy. That will have been legislated into oblivion regardless of what the 3rd and 4th Amendments may provide.

If you decide not to have healthcare insurance or if you have private insurance that is not deemed "acceptable" to the "Health Choices Administrator" appointed by Obama there will be a tax imposed on you. It is called a "tax" instead of a fine because of the intent to avoid application of the due process clause of the 5th Amendment. However, that doesn't work because since there is nothing in the law that allows you to contest or appeal the imposition of the tax, it is definitely depriving someone of property without the "due process of law.

So, there are three of those pesky amendments that the far left hate so much out the original ten in the Bill of Rights that are effectively nullified by this law. It doesn't stop there though. The 9th Amendment that provides: "The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people;" The 10th Amendment states: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are preserved to the States respectively, or to the people." Under the provisions of this piece of Congressional handiwork neither the people nor the states are going to have any rights or powers at all in many areas that once were theirs to control.


I could write many more pages about this legislation, but I think you get the idea. This is not about health care; it is about seizing power and limiting rights. Article 6 of the Constitution requires the members of both houses of Congress to "be bound by oath or affirmation" to support the Constitution. If I was a member of Congress I would not be able to vote for this legislation or anything like it without feeling I was violating that sacred oath or affirmation. If I voted for it anyway I would hope the American people would hold me accountable.

For those who might doubt the nature of this threat I suggest they consult the source. Here is a link to the Constitution:

And another to the Bill of Rights:

There you can see exactly what we are about to have taken from us.

Michael Connelly
Retired attorney,
Constitutional Law Instructor
Carrollton , Texas

I also teach law courses via the Internet through colleges and universities worldwide. To find a college or university near you, go to Education To Go's Web site at www.ed2go.com .