-By Thomas E. Brewton
The dollar edges closer to becoming a third-world currency.
Foreign central banks, suffering from the Treasury and Fed-engineered decline in the dollar’s value, are moving new currency reserve investments from the dollar into Euros and Yen.
Long-range effects on the United States will be bad.
If foreign central banks continue to shift their currency reserves from the dollar to other currencies, the dollar will lose its international reserve currency status, damaging our nation’s future. Interest costs on the national debt will rise, reflecting a higher level of economic risk for foreign dollar holders. To pay higher interest on the national debt, taxes will have to rise, crimping business and depressing employment. Costs of our imports, upon which we came to depend for inexpensive consumer and industrial goods, will rise, because the dollar is worth less on international markets. Those higher import costs will reduce business profits, further constraining creation of new jobs.
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Bitten By Profligacy”
Many elitist American leftists like to go about claiming that it is only Americans that are dunces on foreign matters. There is some truth to the accusation that Americans are not knowledgeable about the rest of the world but if a column in the UK Telegraph is any indication it isn’t much better for Britain’s understanding of American politics. Worse, it is plain that even a British journalist hasn’t a clue what he’s on about when attempting to discuss the differences between a Democrat and Republican in today’s climate.
David Hogberg of the National Policy Center has an interesting, in depth study of the 
Last week, in my article titled “Every Day Is A Bad Hair Day When You Send The Wrong Signals”, I explored the unhealthy appeasement to the Muslims in the UK’s Avon and Somerset Islamic communities by the secular state police force issuing head scarves to its female officers for their use when entering mosques on police business. I argued that by stripping female police and Community Support Officers of part of their uniforms, I held that they effectively lost an important part of the power inherent in those uniforms.
There was an odd, little fashion show held in late June in Paris in the underground ballroom of the George V Hotel that was both a comic, costume exercise in futility and an attempt to drag Saudi religious and cultural sensibilities into the 21st Century. Fresh on the heels of French President Nicholas Sarkozy’s proclaiming that the enshrouding burqa was “…not welcome…” on the streets of the French Republic, Dior haute couture designer John Galliano, the French design houses of Nina Ricci and Jean Claude Jitrois and the Italian labels Blumarine and Alberta Ferretti valiantly tried to remake the Saudi Arabian abaya into a playful, more modern version of its black, drab, overcoat-like self.
It is interesting, instructive, and a little disheartening to notice that the foreign press is much more shocked than the U.S. press is by the arrogance and expense of the Obama’s “date night” that cost the taxpayers nearly one million dollars last week. The Australian and British press, for instance, scoffed at the absurd cost of the one night visit to New York that Obama “sacrificed” for but the U.S. press didn’t seem to mind the waste of the taxpayers money nearly as much.
As the American Main Stream Media, public in general and conservative talk show hosts in particular lose interest in the on-going saga of bumptious talk show host, Michael Savage, being banned from Great Britain because of his political beliefs, a small news article and a newsletter alert popped up today that may seem disparate but added together form a troubling pattern. Blame it on the twelve-day shelf life of news stories when fickle public attention finally wanders away but Michael Savage’s story may soon segue from one man’s struggle to every man’s struggle to preserve their freedom of speech, thought and political beliefs within and without their own country.
Are we beginning to see the first cracks in the idea of “universal jurisdiction,” the international busy body “law” that said that any nation can arrest the leaders of any other nation and try them for “war crimes”? Let us hope we are, at least.
Proving the old adage that instead of sitting quietly letting everyone think you are an idiot one should speak up and prove it, funnyman John Cleese and Kung Fu action star Jackie Chan recently did some talking that they should probably have avoided. Apparently unaware that they’ve left office, Cleese unloaded on George W. Bush and Dick Cheney and seemed to say U.S. Marines weren’t very sophisticated at a recent visit to Cornell University. For his part, Jackie Chan announced to the world that Chinese people “needed controlling” because all that darn democracy is just too “chaotic” for them. One wonders where Jackie thinks all his many millions of dollars have come from: communism or democracy?
As Obama bows in supplication before a Saudi King then tries to spin his way out of his own actions, America is being humiliated by whelps at sea. He was just leaning, we’re told, not bowing. It was because the Saudi King is short or so goes the White House spin. But the Queen of England is even shorter than the Saudi King and there was no royal navel gazing from Obama in England! Obama failed that test, indeed.
Reuters published a story today, April 4, detailing some nonsense from a Taliban terrorist who has claimed “responsibility” for Friday’s shooting rampage in Binghamtom, New York. The question that comes to mind is why? Why did Reuters imagine this idiotic claim, this obvious lie, was worth reporting to the world? Does Reuters not have the good sense God gave a door knob? Why would Reuters pass this Taliban propaganda off as news?
Newsweek’s Jon Meacham and Evan Thomas are tired of all this talk of socialism. We need to stop talking about yesterday’s news, they say, and embrace the great new fact that America is already a socialist country. They chortle that