On Wednesday Bernanke announced the Fed will print money to buy U.S. Treasuries in unheard-of amounts - nearly $1.2 trillion…Nowadays, the success of our Treasury bond sales depends on the good will of China's Gao Xiqing, who controls over $700,000,000,000 of outstanding US treasury notes and who reportedly is a hard core Chinese Communist who regards America as China's enemy…Why, then, is Obama pursuing this risky maneuver? We can imagine at least four possibilities, in order of increasing infamy:
* He is too naïve or ignorant to understand what he is risking.
* He knows but doesn't care, being interested only in what looks good for the moment.
* He wants to cause inflation, because inflation favors debtors and the biggest debtor in the United States is the United States. Moreover, inflation leads to devaluation of the dollar, which, as James Lewis recently pointed out, is one of the key objectives of puppet master George Soros.
He wants to provoke a crisis of capitalism, as James Simpson has already suggested.
Is Obama Creating a BC Bubble? The American Thinker, 3/24/09
It is a measure of the crisis we are in, which has become less financial than political, an opinion shared by many commentators across the world, that serious writers are now questioning whether or not the Chief Executive of our country, sworn to “preserve, protect and defend the Constitution of the United States,” is deliberately subverting our national economy and national sovereignty to fulfill political objectives more alien to America than anything that might have landed at Roswell in 1947.
Is, for example, our President an ally of George Soros, the notorious financial thug who set off a major financial crisis in Britain, is accused of sabotaging elections in the Ukraine, and has described the U.S. as a fascist power that merits humiliation?
Obama owes much of his political success to financial support from radical, left-wing billionaire and leading “social entrepreneur” George Soros…no doubt with Soros’s approbation…Obama fleshed out his Social Investment Fund Network plan last December. In concert with his mandatory volunteerism pitch and $6 billion anti-poverty plan, Obama called for the creation of a Social Entrepreneurship Agency to dispense funds in unspecified amounts…Obama cites the Harlem Children’s Zone…HCZ’s former senior leader, Shawn Dove, is now an official at Soros’s Open Society Institute…Soros has donated some $5 billion of his fortune to left-wing non-profit groups through the Open Society Institute, which is committed to Soros’s militant ideology of toppling the “fascist” tyranny of the United States…/ The Democrat Party Platform’s Hidden Soros Slush Fund, Michelle Malkin, 8/20/2008
The writer must have been part of that vast right wing conspiracy, eh? What American candidate for President would promote the agenda of an avowed enemy of the United States?
Did I mention that the House passed a $6 billion volunteerism bill (the “GIVE Act”) on Wednesday to provide yet another pipeline to left-wing advocacy groups under the guise of encouraging national service?….Look Beyond the Bogus Bonus Smokescreen, Michelle Malkin, 3/20/2009
Uh, yep, President Barrack Hussein Obama. When he and the Chief Justice fumbled “preserve, protect and defend,” possibly it was an omen.
But, we live in rational times, right?