In 1644 Rev. Samuel Rutherford published LEX, REX, The Law & the Prince to demonstrate that the natural law is above the King, Some 364 years later The Invisible Hand Blog is born after a historic election a Reagan Conservative born in the 60's molded in the Reagan years begins this blog to demonstrate the God given Unalienable rights given to every person by God. God bless the truth and let the truth be raised.
President Barack Hussein Obama has boarded AIr Force One, in bound for London and the G20 Economic Summit. He has left an Auto Industry reeling in the aftermath of an Obama Teleprompted rescue package and heads across the pond with all the form and look of the world's only superpower: Heavy Duty Jet, Marine One helicopter, an entourage of 500 including 200 Secret Service agents, a medical team of six, White House cooks, and a bullet-proof limo Cadillac known as the Beast.
This is what is referred to as style over substance, or my good buddy from Texas would say, "BIG HAT, NO CATTLE." If we honestly looked at the United States of America and our President and the power and prestige that Obama has left untarnished in his short time as President, the perspective of other G20 leaders would be, "Yea, Mr. Obama, you look good and cool with all your entourage, but where is the substance to back that BIG HAT you are wearing."
The signs are everywhere if we just opened our eyes, our President is way over his head and nations like China and Russia are ready to thrust their muscle. This will be Obama's first time to meet, two of the world's most powerful leaders: Russia's President Dmitry Medvedev and China's Premier Hu Jintao at a time when US power is being tested around the world. These two leaders want to become #1 and unseat the United States. Eventually, what does it take to be a Super Power. I like to keep things simple, in teaching American History Classes, I taught my students a Super Power needs three things, I called the 3M's: MONEY, MILITARY, & MODERN MARVELS (Technology). Just as Great Britain obtained Super Power status when the British Navy defeated the Spanish Armada in 1588 with smaller, faster ships that carried more firepower, today China is investing Billions in new weapon systems. In fact the U.S. Naval Institute is reporting that China has developed a special "Kill Weapon" to destroy U.S. Aircraft Carriers. China is on the verge of becoming #1 because it controls production and massive amounts of money, not to mention USA's biggest creditor, secondly, China's Military has increased its power through out the 90's and 2000's, and lastly, China is developing modern marvels or technology like the "Kill Weapon" to insure and advance its Super Power status.
Compare this with President Obama's plan, to cut spending on Military and Military weapons system development and production, to increase spending and the U.S. debt, and to destroy all US manufacturing and production via Nationalization.
So I ask you, who has the CATTLE or Substance to back-up the BIG HAT, is it USA or China? President Obama and the USA, has no money, the military is being depleted by Obama, and our technology is being destroyed by government interference with the economy. It is a matter a time before the USA will have to change its motto from WE'RE #1 to "WE TRY HARDER."
One of the surprise outcomes of the Obama's Presidency, is that the USA has fallen from the rank of nations that incur the wrath of the SHOE-THROWERS. Now that President George W. Bushis out of office, shoe-throwers every where are reexamining their targets and going after the most influential. I am sorry to report that the United States has fallen from the A-list of Shoe-Throwers and is no longer a target. This is bad news for CHINA. Today China felt the attack of a SHOE-THROWER, the London Times reports, that
The Chinese Prime Minister narrowly avoided being hit by a flying shoe yesterday as his three-day visit to Britain ended with an Iraqi-style protest from a member of the audience at the University of Cambridge.
Wen Jiabao was nearing the end of his lecture to a hand-picked audience of Cambridge students when a young man in the auditorium blew a whistle and shouted: “How can the university prostitute itself with this dictator?”
As security guards converged on him, the man, who had a pronounced German accent, continued to shout. “How can you listen to these lies?”
Before the guards could stop him, the unidentified protester took off his shoe, a heavy grey trainer, and threw it at the stage, missing Mr Wen by a few feet. Two large security guards immediately moved on to the stage at the West Road Concert Hall to shield the Prime Minister.
The Invisible Hand has a theory and it goes like this, If you are being attacked by SHOE-THROWERS, you must be a SUPER POWER, Is CHINA the reigning SUPER POWER NOW? Has the USA been replaced by CHINA now that Obama is our President? Only time will answer these questions, but the Invisible Hand believes that President Obama will not be attacked by shoes in the next four years because our day as the SUPER POWER are over, especially in the SHOE-THROWER'S eyes.
Chinese officials urged the United States to further stabilize its economy and protect the mainland's US dollar-based investments as the two sides opened cabinet-level economic talks in Beijing for first time following the global financial crisis.
"We hope the US side will take the necessary measures to stabilize the economy and financial markets, as well as to guarantee the safety of China's [US dollar-based] assets and investments in the United States," Vice Premier Wang Qishan told the fifth China-US Strategic Economic Dialogue yesterday.
US Treasury Secretary Henry Paulson, who initiated the talks since 2006, said the two days of dialogue would focus on the building blocks for an enduring bilateral economic partnership.
China is believed to be holding the biggest proportion of its US$2 trillion (HK$15.6 trillion) foreign exchange reserve in US dollar-based assets.
Paulson, meanwhile, is expected to press the Chinese side for a stronger yuan to help reduce the US trade deficit figure.
Two days of yuan depreciation against the US dollar just before this round of dialogue triggered market speculation that China had changed its currency exchange position, which could help exporters by pulling down prices for more orders. READ FULL STORY
USA's largest creditor, China is wanting it's USA assets protected. In September of this year China surpassed Japan to become our largest creditor. According to the Washington Post Article on November 19, 2008, China's new status--it holds every $1 out every $10 in USA public debt. That means its holding is so vast that the existence of a larger stakeholder is unlikely. China's investment in US Treasury Bonds is over $585 Billion. Not to mention the $2 Trillion in US dollar-based assets in foreign exchange reserves. China is a huge stakeholder in the US economy. China wants the USA to get it's financial house in order.
Why is China worried? Have they not gotten the news, that Barack Obama has been elected President of the United States. Why are they even talking to Paulson? China should be talking with The Office of the President-elect appointment to US Treasury, Mr. Timothy Geithner, or even Obama's economic team.
China do not worry, Obama has a plan, and that plan will involve the USA's Gold Reserve. According to the World Gold Council the USA is the largest holder of Gold Reserves at 8133.5 tonnes which represents over $202 Billion worth of gold at todays close. China you are at a measly 600 tonnes in gold reserves, number 9 in the world. Mr. Obama will trade your $585 Billion in US Treasury bonds for all the gold in Fort Knox $202 Billion, in fact, Obama knows you will eventually want this deal, maybe not today, but after Obama is sworn in as the 44th President and, Mr. Obama will resurrect this economy with a socialistic agenda. So in the meantime rest assured your assets are very safe in Kentucky at a place called Fort Knox.