We looked at the upcoming G-20 meeting in yesterday’s post (See: The Scanner–International Edition, March 24, 2009: Say Goodbye to the Dollar? China, Russia Proposing a New World Currency for “Non-Credit” Based Economies, Echo G-20 Agenda of Expanding IMF; China Will “Consider” Buying IMF Bonds; 10th China Develpment Forum Underway), and lo and behold, a few times during the day, I began picking up some items on the TV discussing the meeting, which will be held in London April 1-2.
I caught a few moments of Shepherd Smith on FOX during the afternoon, interviewing a woman who ticked off all the reasons why the dollar wouldn’t be replaced as the world’s reserve currency at the meeting. The discussion was in the context of how it would affect the U.S. economy and how complicated it was, and that’s why it wouldn’t happen. China’s worries about its investments in U.S. Treasury bonds was mentioned and their desire for the dollar to be dropped as the reserve, but the EU was supporting the U.S. There was absolutely no mention of Russia and its release suggesting what China suggested.
Apparently, Glenn Beck wasn’t so circumspect during his morning radio show or his FOX TV show later in the afternoon. I didn’t hear either but my mother said he sounded EXACTLY like what we had written in our post yesterday. Since I had printed it out for her to read, she knew what was in it.
Well, what he opined wasn’t EXACTLY what we wrote about, but he touched a whole bunch of bases in giving a general “history” of how we have gotten to where we are today. It’s like “From Biggest Lender to Biggest Borrower 101.” Apparently Glenn Beck and IA are on the same page, at least on this one topic. That’s a bit weird for us, since I think Beck is pretty insufferable, to say the least, but I think the “The One Thing” segment he did yesterday evening was pretty darned clear. This is a very short segment, so do watch it all! (Note: I had trouble inserting the video from the FOX site, so I found it on YouTube. The “title” comes from FOX, however.)
— By Glenn Beck
The incredible shrinking dollar: Where’s the outrage?
A big hat tip to Uppity Woman who posted about the story by Matt Taibbi in Rolling Stone which actually comes out and talks about the “revolution” that is underway courtesy the big insiders. Go to Uppity Woman to catch some of the excerpts of note.
And here’s the direct link to the piece:
The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution
Well, just in time for the 2009 election is…Al Gore, who issued a press release yesterday about a follow-up book to An Inconvenient Truth. I loved the film and got a copy of the book as “payment” for my efforts in the not-so-long-distant past at a certain Chicago-based website that went crazy last May.
From the blog, Al Gore:
From the Press Release:
Today Vice President Gore announced that his next book, Our Choice, will be published by Rodale in the US and by other publishers internationally on November 3, 2009. Picking up where An Inconvenient Truth left off, Our Choice utilizes Mr. Gore’s forty years of experience as a student, policymaker, author, filmmaker, entrepreneur and activist to comprehensively describe the real solutions to global warming. A co-recipient of the Nobel Peace prize in 2007 for his environmental work, Mr. Gore continues to make sense of the pressing issues we face and Our Choice will unquestionably inspire and rally those ready to fight for solutions that were deemed impossible only a short time ago.
I was really ticked when the guy who delivered those stirring speeches about the press and the Constitution during the Bush years turned around and chose to endorse Obama instead of remaining a statesman for the world by staying neutral–the same Obama who took all that money from Exelon and rewrote a nuclear safety bill to please his donors and the Republicans.
So now, Gore will inject himself into the 2009 elections as all the PR push for his book in the period leading up to its Election Day release. He’s been pretty quiet since the Inauguration and hasn’t talked about energy policy at all, although he’s supposed to be some sort of adviser to the Obama Administraiton. Elections for governor will be held in Virginia (where Terry MacAuliffe is currently running for the Democratic nomination) and New Jersey (where Democrat Jon Corzine may be facing re-election troubles). Frankly, I view this “book business” as manipulative and cheesy. And so damned obvious…
Finally, on a lighter note…
Augie the Dog and his owner make a statement of sorts about money. I think it’s appropriate that the bag displayed near the end of the video will be going to the Treasury…Follow this link and enjoy!
Filed under: Current Politics | Tagged: "An Inconvenient Truth", "Our Choice", "The One Thing", 10th China Development Forum, 10th G-20, Al Gore, Augie the Dog, Barack Obama, China, dollar currency reserve, EU, Exelon, FOX News, Glenn Beck, global economic crisis, IMF, Matt Taibbi, Rolling Stone (magazine), Russia, Shepherd Smith, the Constitution, U.S. Treasury, U.S. Treasury bonds, Uppity Woman, Wall Street insiders | 9 Comments »