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Official says China to continue buying US debt and calls for new reserve currency

Susan here: China wants Globalization,hum, one must wonder why. There is a reason it’s called the People’s Bank Of China. China is still a Communist country regardless if they make stuff we buy. It scares the crap out of me that so much of our debt is held by China.

From The AP:

China will continue buying U.S. government debt while paying close attention to possible fluctuations in the value of those assets, a vice governor of Beijing’s central bank said Monday.

Investing in U.S. Treasury bills is “an important component part of China’s foreign currency reserve investments,” People’s Bank of China Vice Governor Hu Xiaolian said at a news conference on Monday.

“So as an important component we are naturally relatively concerned with the safety and profitability of U.S. government bonds,” Hu said — a statement apparently aimed at concerns that rising debt to fund Washington’s stimulus package could spur inflation and weaken the dollar.

China is Washington’s biggest foreign creditor, holding an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those assets.

Hu’s comments follow remarks earlier this month from Chinese Premier Wen Jiabao that he was “a little bit worried” about China’s holdings of U.S. government debt. Wen called on the U.S. to honor its commitments, remain credit-worthy, and ensure the safety of Chinese assets.

So they want more of our debt, which is going to increase with the implementation of the “stimulus bill”, but they are worried about their assets. No government does anything out “of the goodness of their heart”. So keeping that concept in mind. China today, releases this:

From Financial Times.com:

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national
currencies”

Cute Huh, hold on to your hats ya’ll this is going to be a bumpy ride.
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George Stephanopoulos: ABC’s In-House Spin Doctor

From Media Research Center:

George Stephanopoulos became a political celebrity for his high profile slot as a spin doctor in Bill Clinton’s 1992 presidential campaign, a role glamorized in the documentary The War Room. After the election, Stephanopoulos served four years as a top presidential aide, championing his own liberal views on issues such as affirmative action and the Supreme Court.

Leaving the White House at the end of 1996, Stephanopoulos joined ABC News as not just a liberal political analyst, but as someone who would soon begin to report the news as a supposedly unbiased reporter. According to the December 12, 1996 New York Times:

Mr. Stephanopoulos will contribute to various programs, but at the outset he will appear most often as a political analyst on This Week, the Sunday morning news program with Cokie Roberts and Sam Donaldson as co-hosts. Eventually Mr. Stephanopoulos is expected to do some reporting as a correspondent, the network said.

Susan here again. We need to know where all these people come from. Full disclosure. Something the left wing psyco commies scream for and never deliver themselves. This is very important folks, because how can you make an informed decision about who you will listen to, who you can believe is telling the truth or who you vote for if you don’t have all the facts. Yea, I can hear those who will make excuses for everyone that “people can change”. But if you don’t know where they started from; how do can you know if they “changed”. These are shakey times, and we need to be Uncooperative Readers,Uncooperative Listeners,Uncooperative Watchers, and Uncooperative Citizen’s of this great United States of America. Oh, and have a Tea Party. 🙂

CNSNews.com VA Hospital Pulls ‘Japs Surrender’ Headline from Historical Display

Susan here. This is yet again another example of political correctness gone “wild”. The thought police have decided that it is better for our country to “not offend” anyone than it is to tell the truth. Read on MacBeth.

From CNSNews:

The director of the VA hospital in Indianapolis has removed a World War II-era newspaper front page from a historical display at the hospital because it contains the headline, “Japs Surrender.”

The hospital has replaced it with another newspaper, whose headline says “Peace.”

Linda Jeffrey, the public affairs officer at the Roudebush VA Medical Center in Indianapolis, explained the action.

“We have a hallway in our outpatient clinics that has a lot of different military memorabilia–artifacts if you will. Some of them are newspaper ads–Buy Bonds!’–and things like that. This particular artifact was an original newspaper story from the Indianapolis Times, dated Aug. 14, 1945,” Jeffrey told CNSNews.com.

The item had been on display for 10 years, she said, until a month ago.

“One of our new employees contacted the director, Tom Mattice, and told him that particular military memorabilia was particularly offensive to people of Japanese origin. So our director asked that we take it down,” Jeffrey added.

Local Marine Corps veterans were outraged.

Indiana vet Bud Albright told CNSNews.com that the removal is offensive to those who fought against the Japanese in defense of American freedom.

“A large majority of the veterans feel it was an insult to them and the people that died during that war,” Albright told CNSNews.com.

No kidding they are outraged. Look, the Japanese attack us. Japanese ambassadors where in the United States trying to negotiate with us when the attack happened. That’s one of the reasons they were called “yellow devils”. Oh no, is this blog going to be erased now. 🙂 Anyho, get over yourselves minorities. And here’s a thought. You should all be Americans now, no matter where your parents and grandparents came from. So, in essence you were attacked also. Ponder that one a while.
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CNSNews.com VA Hospital Pulls ‘Japs Surrender’ Headline from Historical Display

Susan here. This is yet again another example of political correctness gone “wild”. The thought police have decided that it is better for our country to “not offend” anyone than it is to tell the truth. Read on MacBeth.

From CNSNews:

The director of the VA hospital in Indianapolis has removed a World War II-era newspaper front page from a historical display at the hospital because it contains the headline, “Japs Surrender.”

The hospital has replaced it with another newspaper, whose headline says “Peace.”

Linda Jeffrey, the public affairs officer at the Roudebush VA Medical Center in Indianapolis, explained the action.

“We have a hallway in our outpatient clinics that has a lot of different military memorabilia–artifacts if you will. Some of them are newspaper ads–Buy Bonds!’–and things like that. This particular artifact was an original newspaper story from the Indianapolis Times, dated Aug. 14, 1945,” Jeffrey told CNSNews.com.

The item had been on display for 10 years, she said, until a month ago.

“One of our new employees contacted the director, Tom Mattice, and told him that particular military memorabilia was particularly offensive to people of Japanese origin. So our director asked that we take it down,” Jeffrey added.

Local Marine Corps veterans were outraged.

Indiana vet Bud Albright told CNSNews.com that the removal is offensive to those who fought against the Japanese in defense of American freedom.

“A large majority of the veterans feel it was an insult to them and the people that died during that war,” Albright told CNSNews.com.

No kidding they are outraged. Look, the Japanese attack us. Japanese ambassadors where in the United States trying to negotiate with us when the attack happened. That’s one of the reasons they were called “yellow devils”. Oh no, is this blog going to be erased now. 🙂 Anyho, get over yourselves minorities. And here’s a thought. You should all be Americans now, no matter where your parents and grandparents came from. So, in essence you were attacked also. Ponder that one a while.
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Gates: Military can help Mexico in drug war

Susan here again. After you read this, ask yourself; Where’s The Fence???

From the Washington Times:

The U.S. military is in a better position to provide Mexico’s military with training, resources and intelligence as its southern neighbor battles deadly drug cartels, Defense Secretary Robert Gates said.

More than a thousand people have been killed in Mexico in drug-related violence this year. In 2008 the toll doubled from the previous year to 6,290. Both the United States and Canada have warned that murders related to drug activity in certain parts of Mexico, particularly along the border with the United States, raised the level of risk in visiting the country.

“I think we are beginning to be in a position to help the Mexicans more than we have in the past. Some of the old biases against cooperation with our — between our militaries and so on, I think, are being set aside,” Mr. Gates said in an interview aired Sunday on NBC’s “Meet the Press.”

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Gates: Military can help Mexico in drug war

Susan here again. After you read this, ask yourself; Where’s The Fence???

From the Washington Times:

The U.S. military is in a better position to provide Mexico’s military with training, resources and intelligence as its southern neighbor battles deadly drug cartels, Defense Secretary Robert Gates said.

More than a thousand people have been killed in Mexico in drug-related violence this year. In 2008 the toll doubled from the previous year to 6,290. Both the United States and Canada have warned that murders related to drug activity in certain parts of Mexico, particularly along the border with the United States, raised the level of risk in visiting the country.

“I think we are beginning to be in a position to help the Mexicans more than we have in the past. Some of the old biases against cooperation with our — between our militaries and so on, I think, are being set aside,” Mr. Gates said in an interview aired Sunday on NBC’s “Meet the Press.”

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Chaos erupts in crowd at NYC ‘Top Model’ auditions

Ok, this is just insanity, this is just the measure of our country’s morality or lack there of:

From USA Today:

Three people were arrested and six others hurt Saturday after bedlam broke out while they waited to audition for “America’s Next Top Model,” police said.

Police didn’t know what prompted the chaos involving hundreds of people outside the Park Central New York hotel in Manhattan. The panic left the street outside the hotel littered with shoes and clothing, according to news reports.

“It was pretty scary,” Jessica Paravati told WNYW-TV. She said she was caught up in a stampede after waiting on line overnight, hoping for a shot at stardom on the reality show.

Two women and a man were arrested on disorderly conduct charges, police said. Authorities also shut down the audition, saying it wasn’t properly organized.

Four injured people declined treatment, while two others were taken to a hospital, the fire department said. Their conditions weren’t immediately available.

Our society has become so superficial it hurts my heart. 😦
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