Thoughts as I Watched the Revolution in Egypt…(Update 1X)

~~By InsightAnalytical-GRL

UPDATE  4/27/11

Well, Egypt  isn’t turning out so great…It’s all so predictable, isn’t it?  Any whiff of hope anywhere gets squelched real fast. 
And we’re now involved with Libya.  Meanwhile, the powers in Syria seem to be emulating the Libyan approach to dealing with protesters.

It’s like watching one disheartening train wreck after another.

Some personal train wrecks have taken me away from this blog…but, a rest still is in order.  It takes a lot of energy to fight the world these days!

One real positive is that our photovoltaic solar system is now up and running and yes, the meter is running backwards!  Have lots of pics and details which I hope to post one of these days!

*****

Nothing profound here to say, only an urge to write about my feelings as I’ve been sitting glued to Al Jazeera for days on end.

Today, I was clapping and cheering for the people of Egypt. A rush of feelings and memories flashed by.  I remembered 2000 as our elections were completely corrupted. (Some satisfaction as George W.  Bush is unable to go to Switzerland…war criminal that he is!)  I was thinking of the lies that led to the Iraq War and thought about the report I heard this morning on NPR about how there are fears that something may coalesce as the heat arrives and the electricity remains on only 2 hours a day. Protests percolating already around Iraq, and I say, go for it!

I’m finding myself coming back over and over again to about how the U.S. is perhaps going to get its ass kicked and deservedly so. They utter hypocrisy of the “democracy talk” as we sit here supporting repressive regimes all over the world.  We are a fraud when it comes to democracy.

My mind dwells on the right wing religious freaks and the Republican Party that has become their home who continue to attempt to screw women out of their rights and their independence as human beings, who basically are out to screw anything that helps people. And I’m supposed to worry about the Muslim Brotherhood while I live in a country that has it’s own brand of the Taliban roaming the halls of Congress??

I think of John Lennon. A site has “Revolution” up but I’m thinking of “Power to the People.” Is that the right title? I don’t know, but I can hear John singing it. Who really killed John Lennon? I’ve seen enough and read enough to figure it wasn’t just another “lone gunman.”

I’m sitting here, having celebrated my 60th birthday a few days ago….reflecting on the marches for women’s rights, the power of the movement, and how every time a fucking Republican comes along…with fake Democrats who assist…how every time we go BACKWARDS! And how backwards we have gone!  I think about the type of  “leadership” we have in this country…there are no real thinkers leading these days.  Between the servants of the bankers,  the increasingly shrill Republicans and passive Democrats…Jeebus, am I supposed to look at the Palins, Gingriches, Romneys and that Jeb Bush lurking in the corner and feel optimistic??  When I see how skillfully a Chris Christie can take a state like New Jersey and divide people into camps and blame all ills on teachers  and the people who do the day to day work to keep the place running?….disgusting!  Lying thuggery personified…and just the tip of the iceberg, I’m afraid. And Obama pontificating on democracy after Mubarak’s demise…what a load of crap.

I think about how we were supposed to get some “community radio” but all I hear is right wing shit talk radio all over the dial. People getting very little true news follow these propagandists for the right as they go about their highly-paid work to divide and conquer and sow the seed of intolerance and hate.

Yeah, I’m watching Egypt and cheering them on….but knowing full well that the arm of the IMF will probably soon reach in and grab them by the throat. Hell, we fund it and guess what? The IMF is talking about the dollar no longer being the reserve currency for the world. I’m just surprise all this is happening so quickly…Between the IMF and the Fed, Americans do not know how the world is getting screwed and how it’s going to come back to bite them.

Fat and unaware Americans will soon wake up to find that they are being ground down to a pulp.  Your dollars will be worthless soon.

We wrote a lot in the past about the impending disaster that was going to befall lthis nation.  There are many wonderful sites out there trying to wake people up. I read them every day…and spend a lot of time trying to figure out how to save my own financial neck.

Start stocking up on food, go to ChrisMartenson.com to start to try to prepare yourself (in right sidebar links).

And to the Egyptian people…stay strong, stay proud. I’m rooting for you…you’re starting fresh while the U.S. is rotting from the inside.  Note to the women there…get loud and don’t let them steamroller you…

Yuan on the Way to Becoming an Alternative Reserve Currency & Obama’s Off to China to INSIST That the Chinese Play Nice

~~By InsightAnalytical-GRL

OK, here we go again, in all likelihood, with another big blast of hot air from Barack Obama.

Reuters, like the AP, doesn’t appreciate quoting from their articles.  So, for details follow the link from 11/10/2009:

World Bank: yuan to become alternative reserve currency

Let’s summarize.  Former Bush Adminstration biggie Robert Zoellick who has moved on to become President of the World Bank thinks the dollar as a reserve currency is “relatively secure” but the Chinese yuan is going to become an alternative to the greenback. Zoellick muses that it might take 10-15 years and that we shouldn’t be “complacent” about the dollar.

As if anybody these days is complacent???  And, don’t you think that these comments just confirm the actions of Ben Bernanke and the Fed that are allowing the dollar fall?

Ah, but according to the Telegraph (U.K):

Barack Obama pledges to tackle Beijing on yuan

President Obama, who, since taking office in January, has resisted branding the Chinese government as currency manipulators, promised to discuss the thorny issue of the yuan, and whether it is undervalued, as part of a visit to Shanghai and Beijing.

“Currency, along with a host of other issues, will come up, and I’m confident that both the United States and China can arrive at a broad set of policies that encourages trade that benefits both countries, that allows ongoing economic growth,” said Mr Obama.

snip

But Mr Obama will have to tread carefully as the Chinese government owns almost $800bn (£477bn) of US Treasuries, its largest foreign creditor.

Earlier in the day, the Chinese premier, Wen Jiabao, urged the US to “effectively discharge its responsibilities” and “maintain an appropriate size” to its budget deficit.

Yup.

A couple of days ago on CNBC, PIMCO’s Bill Gross made this point (see minute 4:30 on the video titled America Still Number 1?:)

Gross notes that over the last year alone the depreciating dollar means that every single Treasury purchased by China, Japan etc with a 1 to 2 % yield has essentially generated a negative 13 to 14% return. Yes, NEGATIVE 13 to 14% return.

Yeah, I guess Obama will HAVE to tread carefully.  China owns us and is not happy, especially about that negative return…

If you read our previous post Globalization/U.S. Decline Right on Schedule Courtesy Obama Backdown…Summer 2010 Projected Completion of Integration of NAFTA with EU to Counter BRIC/ASEAN Bloc, you’ll see an example of Obama’s big talk and big backdown type of leadership.

And, on this currency issue, Obama supporters are urging The Chosen One to live up to his campaign promise:

Yuan Critics Want Obama to Keep Campaign Promise

At the time, Obama said that he would “”insist that China stop manipulating its currency because it’s not fair to American manufacturers, it’s not fair to you and we are going to change it when I am president of the United States of America.”

I can’t wait to see this unfold over the next few days as the Obama crowd hits Beijing…I’ll be looking for the “insisting” part of the trip…

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