Posted on 11/12/2008 4:50:54 PM PST by ari-freedom
COMMENTARY:
The worldwide economic crisis presents President-elect Barack Obama with a golden opportunity to establish his leadership bone fides preemptively before the anticipated foreign challenge comes to test his mettle as a leader. As the world's leaders prepare a summit to discuss establishing a new "global financial architecture," the president-elect should forestall efforts by European leaders to give him a bum's rush down the path toward global governance and strip the United States of its economic sovereignty. He can do so by launching his presidency with a legacy-making initiative that would hit the reset button on the economy and restore the U.S. dollar to its preeminence as a resilient reserve currency.
Before the global economic summit occurs in late November, the president-elect should announce that his first act as president will be to send the United States Congress legislation making the dollar as good as gold once again.
(Excerpt) Read more at washingtontimes.com ...
Barack Obama has never “hit the ground running” in his entire life. He’ll be stuck on idle and stupid while the world goes by like a bullet train.
good observation about Obama,,his wife once durig debate prep got angry and told him to make up his mind. I think he obsesses, doesn’t have a clue and is going to be overwhelmed by the presidency. The man lacks gravitas.
I’m confident Obama will use the only skills he has, community organizer. I feel confident now! ARGH.......
Bullet train. Excellent tagline. You should use it.
Someone needs to tell this Hunter guy that there is not enough gold on the planet to cover a gold backed-dollar.
Yeah right! 0bama's goal is to destroy the United States and/or put the Democrat Party in permanent control of it (actually those two are the same). His puppet master would never allow anything else... not that he'd fight them.
Thanks. See new tagline below.
I’ve heard several people remark that insofar as the 1930’s analogy holds, Bush is like Hoover, and which gives Obama a chance to be FDR. I think a more apt analogy is that Bush is like Coolidge (hands off, though probably not as smart), which means that Obama will be like Hoover (nothing will work). That means our FDR is somewhere unseen over the horizon.
“The worldwide economic crisis presents President-elect Barack Obama with a golden opportunity to establish his leadership bone fides...”
Translation: Obama can seize power illegitimately, using the economic crisis as a pretext, a la Hugo Chavez.
The currency, the $, would be linked to gold, not actually be gold. If the target price was $550 an ounce and the price went down, the Fed would create more money until it went back up to 550.
And when gold is 800 dollars an ounce? You cant just yank that much liquidity / cash out of the system without some severe shocks.
The Kenyan Clown is a socialist; like all socialists, he will tax and spend. To pay for his vast new entitlements such as a “U.S. National Health Service”, he will run the printing presses and ignite wholesale inflation.
OMG, you’re still here! I’ll check back later.
Incidentally the Mythbusters just did an episode which included testing the "hit the ground running" cliche. It was busted. Hitting the ground running proved slower than starting from a dead stop.
right, so what we need to do first is increase demand for liquidity (such as cut in corporate/capital gains taxes) until the price of gold drops and then peg the price by controlling supply of $
Good morning. ??? Huh ???
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