“As an American I am not so shocked that Obama was given
the Nobel Peace Prize without any accomplishments to his
name, but that America gave him the White House based on
the same credentials.”
Newt Gingrich
IMF Threatens to Dump Dollar
Although the head of the International Monetary Fund, Dominique Strauss-Kahn, states that the time is not right, but his organization must consider an alternative to the American dollar. He feels a ‘basket’ of other nation’s funds, kind of a mutual fund approach, would be superior to trusting one nation’s currency… i.e. the falling dollar.
He understands that this administration has put itself into an unsustainable dearth. The unfunded mandates like Social Security, Medicare, Medicaid, let alone the debt our states have incurred have not been addressed by this administration. Worse yet, rather than try to solve these dilemmas, this president is spending all of his energy in an attempt to form yet another unfunded mandate, national health care. In short, America has dug a hole so deep they have no way out… and rather than try to find a ladder, they are still digging. But, Strauss-Kahn is not pulling the trigger yet, because there is still time to avoid this monetary crisis. It would entail adopting strict capitalistic fiscal principles, which this administration either does not understand, or is unwilling to employ. The only alternative to this is printing money. They fear the latter to the point where Strauss-Kahn is encouraging his organization to consider an alternative to the dollar. Make no mistake; this action would be a devastating, catastrophic blow to the once stellar dollar and an already weak American economy.
ABCNews
http://abcnews.go.com/Business/wireStory?id=9958995
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
“That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of the 186-nation Washington-based lending organization….
Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency and have suggested using the IMF’s internal accounting unit…
Strauss-Kahn said the IMF also needs to do a better job of tracing how risk percolates through the global economy.”
So there you have it, he is afraid of “how risk percolates” through the global economy”. He clearly understands that printing money is akin to devaluing it. For instance, we take great precautions to print a currency that is difficult to counterfeit because, amongst other things, we do not want to flood the market with dollars (of course I understand the legal and moral issues of counterfeiting). Dumping a great number of dollars on the market, no matter the source, by the rule of supply and demand, devalues that currency and is the root cause of inflation. Inflation and its cousin hyper-inflation helps only the debtor nation, but it devastates its citizens. Perhaps the greatest tragedy is it inevitably results in a new currency or overthrow of the government. There is still time to avoid these consequences, but a return to conservative fiscal policies is an absolute necessity.
Blogger’s corner
Marvelous Marcel
Will you give this to my Daddy?
As a Company, Southwest Airlines is going to support ‘Red Fridays’
Last week I was in Atlanta, Georgia attending a conference. While I was in the airport, returning home, I heard several people behind me beginning to clap and cheer. I immediately turned around and witnessed one of the greatest acts of patriotism I have ever seen.
Moving through the terminal was a group of soldiers in their camos.. As they began heading to their gate, everyone (well almost everyone) was abruptly to their feet with their hands waving and cheering.
When I saw the soldiers, probably 30-40 of them, being applauded and cheered for, it hit me. I’m not alone. I’m not the only red-blooded American who still loves this country and supports our troops and their families.
Of course I immediately stopped and began clapping for these young unsung heroes who are putting their lives on the line everyday for us so we can go to school, work and home without fear or reprisal.
Just when I thought I could not be more proud of my country or of our service men and women, a young girl, not more than 6 or 7 years old, ran up to one of the male soldiers. He kneeled down and said ‘hi.’
The little girl then asked him if he would give something to her daddy for her.
The young soldier, who didn’t look any older than maybe 22 himself, said he would try and what did she want to give to her Daddy. Then suddenly the little girl grabbed the neck of this soldier, gave him the biggest hug she could muster and then kissed him on the cheek.
The mother of the little girl, who said her daughter’s name was Courtney, told the young soldier that her husband was a Marine and had been in Iraq for 11 months now. As the mom was explaining how much her daughter Courtney missed her father, the young soldier began to tear up.
When this temporarily single mom was done explaining her situation, all of the soldiers huddled together for a brief second. Then one of the other servicemen pulled out a military-looking walkie-talkie. They started playing with the device and talking back and forth on it..
After about 10-15 seconds of this, the young soldier walked back over to Courtney, bent down and said this to her, ‘I spoke to your daddy and he told me to give this to you.’ He then hugged this little girl that he had just me= t and gave her a kiss on the cheek. He finished by saying ‘your daddy told me to tell you that he loves you more than anything and he is coming home very soon.’
The mom at this point was crying almost uncontrollably and as the young soldier stood to his feet, he saluted Courtney and her mom. I was standing no more than 6 feet away from this entire event.
As the soldiers began to leave, heading towards their gate, people resumed their applause. As I stood there applauding and looked around, there were very few dry eyes, including my own. That young soldier in one last act of selflessness, turned around and blew a kiss to Courtney with a tear rolling down his cheek.
Lighter Side
Grammysammy
Two Ladies Talking in Heaven
1st woman:
Hi! Wanda.
2nd woman:
Hi! Sylvia. How’d you die?
1st woman:
I froze to death.
2nd woman:
How horrible!
1st woman:
It wasn’t so bad. After I quit shaking from the cold,
I began to get warm & sleepy, and finally died a peaceful
death. What about you?
2nd woman:
I died of a massive heart attack. I suspected that my
husband was cheating, so I came home early to catch him in the
act. But instead, I found him all by himself in the den watching
TV.
1st woman:
So, what happened?
2nd woman: I was so sure there was another woman there somewhere
that I started running all over the house looking. I ran up into the
attic and searched, and down into the basement. Then I went through
every closet and checked under all the beds. I kept this up until I had
looked everywhere, and finally I became so exhausted that I just
keeled over with a heart attack and died.
1st woman:
Too bad you didn’t look in the freezer—we’d both still be alive…
i-pod
***************************************************
Some guy bought a new fridge for his house.
To get rid of his old fridge, he put it in his front yard and hung a
sign on it saying: ‘Free to good home. You want it, you take it..’
For three days the fridge sat there without anyone looking twice.
He eventually decided that people were too mistrustful of this deal.
So he changed the sign to read: ‘Fridge for sale $50.’
The next day someone stole it!
They walk amongst us!
—————————————————————————-
I stopped at Mc Donald’s and ordered some fries.
The girl behind the counter said “would you like some fries with that?”
———————————————————————————–
*One day I was walking down the beach with
some friends when someone shouted….
‘Look at that dead bird!’
Someone looked up at the sky and said…’where?’
They walk among us!
—————————————————————————————————-
While looking at a house, my brother asked the
estate agent which direction was north because
he didn’t want the sun waking him up every morning.
She asked, ‘Does the sun rise in the north?’
My brother explained that the sun rises in the east
and has for sometime. She shook her head and said,
‘Oh, I don’t keep up with all that stuff……’
They Walk Among Us!
—————————————————————–
My colleague and I were eating our lunch in our cafeteria,
when we overheard an admin girl talking about the
sunburn she got on her weekend drive to the beach.
She drove down in a convertible, but said
she ‘didn’t think she’d get sunburned
because the car was moving’.
They Walk Among Us!
—————————————————————–
My sister has a lifesaving tool in her car
which is designed to cut through a seat belt
if she gets trapped. She keeps it in the car trunk.
They Walk Among Us!
—————————————————————–
I was hanging out with a friend when we saw a woman
with a nose ring attached to an earring by a chain.
My friend said, ‘Ouch! The chain must rip
out every time she turns her head!”
I had to explain that a person’s nose and ear
remain the same distance apart no
matter which way the head is turned….
They Walk Among Us !
Dr Pepper
——————————————————————————-
I couldn’t find my luggage at the airport baggage area and.
went to the lost luggage office and reported the loss.
The woman there smiled and told me not to worry
because she was a trained professional and
said I was in good hands. ‘Now,’ she asked me,
‘Has your plane arrived yet?’…
(I work with professionals like this.)
They Walk Among Us!
—————————————————————–
While working at a pizza parlor I observed a man
ordering a small pizza to go. He appeared to be alone and
the cook asked him if he would like it cut
into 4 pieces or 6. He thought about it for some time
then said ‘Just cut it into 4 pieces; I don’t think I’m hungry
enough to eat 6 pieces.
They Walk Among Us!
And last, but not least:
Dumb as a box of Rocks
A VERY GOOD EXAMPLE OF THE KIND OF REPRESENTATION WE HAVE IN CONGRESS, TRUE STORY:
A noted psychiatrist was a guest speaker at an academic function where Nancy Pelosi happened to appear. Ms Pelosi took the opportunity to schmooze the good doctor a bit and asked him a question with which he was most at ease.
‘Would you mind telling me, Doctor,’ she asked, ‘how you detect a mental deficiency in somebody who appears completely normal?’
‘Nothing is easier,’ he replied. ‘You ask a simple question which anyone should answer with no trouble. If the person hesitates, that puts you on the track.’
‘What sort of question?’ asked Pelosi.
Well, you might ask, ‘Captain Cook made three trips around the world and died during one of them. Which one?”
Pelosi thought a moment, and then said with a nervous laugh, ‘You wouldn’t happen to have another example would you? I must confess I don’t know much about history..’
Davenport Richard
A man walks into a restaurant with a full-grown ostrich behind him. The waitress asks them for their orders .
The man says, ‘A hamburger, fries and a coke,’ and turns to the ostrich, ‘What’s yours?’
‘I’ll have the same,’ says the ostrich.
A short time later the waitress returns with the order ‘That will be $9.40 please,’ and the man reaches into his pocket and pulls out the exact change for payment.
The next day, the man and the ostrich come again and the man says, ‘A hamburger, fries and a coke.’
The ostrich says, ‘I’ll have the same.’
Again the man reaches into his pocket and pays with exact change.
This becomes routine until the two enter again. ‘The usual?’ asks the waitress. ‘No, this is Friday night, so I will have a steak, baked potato and a salad,’ says the man.
‘Same,’ says the ostrich.
Shortly the waitress brings the order and says, ‘That will be $32.62.’
Once again the man pulls the exact change out of his pocket and places it on the table.
The waitress cannot hold back her curiosity any longer. ‘Excuse me, sir. How do you manage to always come up with the exact change in your pocket every time?’
‘Well,’ says the man, ’several years ago I was cleaning the attic and found an old lamp. When I rubbed it, a Genie appeared and offered me two wishes. My first wish was that if I ever had to pay for anything, I would just put my hand in my pocket and the right amount of money would always be there.’
‘That’s brilliant!’ says the waitress. ‘Most people would ask for a million dollars or something, but you’ll always be as rich as you want for as long as you live!’
‘That’s right. Whether it’s a gallon of milk or a Rolls Royce, the exact money is always there,’ says the man..
The waitress asks, ‘What’s with the ostrich?’
The man sighs, pauses and answers, ‘My second wish was for a tall chick with a big butt and long legs who agrees with everything I say.’