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Archive for March 23rd, 2009

China Voices Support For New Global Currency To Replace Dollar

Monday, March 23rd, 2009

The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power, a fact that  financial analysts are finally beginning to realize.

 

Earlier this month, Ben Bernanke told an elite gathering at the Council on Foreign Relations that a new overarching financial authority should be created and empowered with sweeping new regulatory responsibilities.

British Prime Minister Gordon Brown, EU heads such as Joaquin Almunia and establishment media outlets like the Wall Street Journal amongst many others have all continually used the economic crisis as an excuse to argue for greater financial power, a “new world economic order” in which control is concentrated into fewer hands – with the IMF and the World Bank enjoying the spoils.

UK Business Secretary and top Bilderberg member Peter Mandelson has also pushed for a “Bretton Woods for this century,” to help build the “machinery of global economic governance”.

Former UK Prime Minister Tony Blair, German Chancellor Angela Merkel and French President Nicolas Sarkozy all made the same appeal at a conference in Paris on the future of capitalism earlier this year.

Merkel called for the creation of a new global economic body under the UN, similar to the Security Council, to judge government policy.

Sarkozy called for a “new world, new capitalism” during his speech, as he commented “In capitalism of the 21st century, there is room for the state.”

China has expressed support for Russia’s proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency.

Last week the Kremlin called for the “creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system.”

The Russian proposal stated that the IMF should take the lead in establishing a “superreserve currency accepted by the whole of the international community.”

China today expressed support for the initiative and said it was ready to discuss the proposal at the upcoming G20 meeting in London on April 2.

Hu Xiaolian, vice governor of the country’s Central Bank, said that China, which holds about $2 trillion in foreign exchange reserves, was prepared to debate the issue as “the dollar’s dominance and U.S. economic woes could entail considerable currency fluctuations and affect the world financial situation,” reports RIA Novosti.

The creation of a new supra-national global reserve currency to supplant the U.S. dollar would likely lead to a complete collapse of the greenback, of which trillions are held in in foreign exchange reserves by foreign countries such as China and Japan.

As we have previously highlighted, the elite have exploited the problem that they created to push for increased regulation of the world economic system in the pursuit of a de-facto global financial dictatorship.Meanwhile, Blair called for a new financial order which he said should be constructed upon “values other than the maximum short-term profit.”

The globalists’ call for a centralized global economic order has nothing to do with providing solutions to the crisis but everything to do with providing themselves with more power and control over the world’s financial system.

Gun sales going ballistic (Wonder why?)

Monday, March 23rd, 2009

Gunmakers can thank a former New York senator and presidential candidate for an ongoing boom in gun sales, if you ask one local firearms vendor.

George Nemec, owner of Nemec’s Sport Shop & Farm & Garden Center in Warrensburg, said gun sales at his business began to increase about two years ago, after Sen. Hillary Clinton announced her intent to run for president. People were concerned about the possible impact of a Democratic president on the Second Amendment right to bear arms.

“Handguns, shotguns, rifles — it’s every type,” Nemec said. “People are worried the government is going to take their guns away, or they’re going to tax them (guns and ammunition) to death.”

With a Democratic president in office and economic troubles fueling fears of rising crime, guns — and the rounds they fire — are a hot commodity these days.

Across the country, gun dealers are reporting a big uptick in sales of both firearms and ammunition. Requests for federal background checks for prospective gun buyers have surged since last fall, with the U.S. Bureau of Alcohol, Tobacco and Firearms reporting a nearly 50 percent increase after the election of President Barack Obama.

Tom King, president of the New York State Rifle and Pistol Association, said gun and ammunition sales around the country have risen in recent months.

He said many are concerned a Democratic president and Democratic-controlled Congress will change gun laws and could potentially ban certain types of firearms, like those commonly referred to as assault rifles. Democratic lawmakers are generally viewed as less friendly to gun owners than their Republican counterparts.

“We’re hearing it around the country. People are concerned about losing their guns,” King said. “If they buy them now, they’ll be grandfathered if the laws are changed.”

Locally, gun dealers are seeing a number of trends when it comes to sales and purchases of firearms and ammunition.

Most said gun sales are up, while others said they are steady. Ammunition sales have risen dramatically, they agreed.

“We’re selling a lot of guns. It’s been that way since November,” said Kevin Zacharewicz, owner of Zack’s Sport’s in Round Lake. “Handgun sales are up; self-defense shotguns are up. People are worried about what’s going on financially.”

Zacharewicz said state government trends are also motivating sales in New York. The state Senate is now controlled by Democrats, which has many gun owners in the Empire State concerned about what gun-control laws might be pursued.

“There’s a lot of concern about the government and what they’re going to do,” said John West, whose family runs The Crossroads Country Store & Sport Shop.

At MacGregor’s Gun Shop in Queensbury, owner Scott MacGregor said he’s seen a “sudden influx” of customers wanting to buy “home defense-type weapons,” like shotguns.

Everyone interviewed by The Post-Star for this story agreed ammunition of all calibers has gotten tougher to find, as gun owners stock up. Prices skyrocketed in recent years as metal prices went up, which caused many gun owners to stock up in anticipation of rising ammunition prices.

There are also concerns that some larger calibers, or those used by military-type weapons, could be banned, restricted or taxed more heavily.

One northern Warren County resident found out recently the government is paying attention to such ammunition sales.

West said a customer of his recently stocked up on .223-caliber rounds, a caliber often used in assault-style weapons. The customer bought 1,000 rounds a few months ago through a mail order company.

Shortly after the purchase, he received a visit from the U.S. Department of Homeland Security, whose interest was apparently piqued by a large-scale purchase of that caliber.

“His wife was home. He was at church,” West said.

“People are buying a lot of ammunition in bulk these days,” said Kathie Ferullo, owner of Discoveries USA, an outdoors outfitter in Warrensburg that sells guns and ammo. “For some types, we have to wait on a waiting list.”

The down economy is also causing people to liquidate some of their valuable assets, including guns.

West said his business hasn’t seen a big rise in gun sales, but it has seen a rise in people wishing to sell guns to his store for economic reasons. He said one man recently brought in an 80-year-old antique rifle to sell because he needed money.

“We’ve had guys come in with three or four guns to sell,” he said.

 

Thanks Poststar