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Slow Boat to China

Though we’ve heard almost nothing about this from the mainstream media, the news that China plans to shift its economic focus from exports to its domestic market should cause some concern.  As Tom Mullen observes in his blog on BreakTheMatrix.com, “This is the beginning of the end for the U.S. dollar and what is left of the U.S. economy.”

In their bid to stabilize their own economy, the Chinese may look to boost the value of the yuan instead of pegging it to the U.S. dollar.  Mullen says,

The Yuan will quickly float to its natural high value, allowing the Chinese people to purchase themselves those products that they used to export to the U.S. This will also mean that U.S. consumers will have to either do without those products, or pay the much higher prices of their counterparts that are made in the U.S. The higher prices of U.S. made products may go even higher due to the decreased overall supply, depending upon how that decreased supply balances against decreased U.S. demand (purchasing power).

However it plays out, it will mean a huge shift in standard of living, with the Chinese enjoying a higher standard, while the U.S. suffers probably the biggest decrease in standard of living in its history.

And don’t forget that Chinese banks own a huge amount of U.S. debt.  Tough times are ahead.  Be prepared.

Read the article HERE

Nadir Covers RNC for MTV

Nadir's MTV Street Team '08 Profile

While the media’s attention is focused on Denver this week and the Democratic National Convention, I’m packing my bags and gearing up for next week.  I will be covering the Republican National Convention for MTV/Knight’s Street Team ’08.

That’s right.  MTV is sending me to St. Paul to hang out with my good friends John McCain, Karl Rove, Dick Cheney and of course, GDub.  I will blog and Twitter all day every day, and I’ll submit video at the end of each night.  You will be able to catch my Twitter updates here at DistortedSoul.com and on MTV’s www.chooseorlose.com.  Look for video on my profile at Think.MTV.com/Nadir.

I’ll also keep a close eye on the protests that will occur throughout the Twin Cities, and I’ve got plans to slip over to Ron Paul’s Rally for the Republic on Tuesday.

It should be an exciting week!  I’m looking forward to it!

Partisan Politics Trump the Constitution?

I was just checking out Dave Lindorff’s report from the House Judiciary hearing on impeachment. Two items stood out to me immediately.

First:

As Rep. John Conyers (D-MI), chairman of the committee, made clear more than once during the six-hour session, this was “not an impeachment hearing, however much many in the audience might wish it to be” He might well have added that he himself was not the fierce defender of the Constitution and of the authority of Congress that he once was before gaining control of the Judiciary Committee, however much his constituents, his wife, and Americans across the country might wish him to be.

Yep. Conyers is bowing down to Pelosi’s pressure on this one. He is more interested in keeping his job as judiciary chair than in defending the Constitution. Oh, how the mighty have fallen! Continue reading

The Green Party’s Hip Hop Power Move: An AUDIO Interview with Green Party Vice-Presidential Nominee Rosa Clemente

Part 1 – Nadir’s Audio Interview with Rosa Clemente
(13 mins 25 secs; 12.3 MB)
Part 2 – Nadir’s Audio Interview with Rosa Clemente
(15 mins 23secs; 14.1 MB)

Rosa Clemente is a community organizer, journalist and co-founder of the National Hip Hop Political Convention. In July 2008 she makes history again as the vice-presidential nominee for the Green Party of the United States. Clemente joins Green Party presidential candidate Cynthia McKinney to become the first US presidential ticket led by two women of color. Continue reading

Nader, Obama and ‘White Guilt’

In the interest of full disclosure, I’ll admit that I was a staunch supporter of Ralph Nader’s 2000 presidential campaign. In fact a pro-Nader piece I wrote called, “The Lesser of Two Evils or The Greatest Common Good” found its way onto listservs and blogs across the Internet in October of that year.

However, I have become disappointed in Ralph Nader, his decision to abandon the Green Party, and the fight to create a viable option to the nation’s oppressive two party system. His actions since 2003 seem self-serving and divisive to me.

So I had to weigh in when I saw that Nader is catching flack for some comments he made to Colorado’s Rocky Mountain News recently: Continue reading

Is The Surge Working?

From Huffington Post:

The statement is made in the U.S. media, over and over again, as if it is as factual as the sun rising in the morning and setting in the evening: “The surge is working.”

But just because the media has parroted the talking points of the Bush administration and John McCain’s campaign in making such an assertion, it does not make it true. And a report released by the U.S. Government Accounting Office (GAO) yesterday does something that McCain and the White House probably wish would not be done: actually evaluating progress in Iraq against the goals the administration laid out in January 2007 when undertaking the surge.

Guess what? In many material ways, the surge isn’t working. Sorry to rain on the parade of CNN, Fox News, ABC, CBS, etc. with the facts.

Click HERE to read more

THIS Is Why They Want to Attack Iran

From Reuters via Yahoo News:

The market is full of oil and the rising price trend is “fake and imposed,” Iran’s president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.”At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed,” President Mahmoud Ahmadinejad said in a televised speech.

“It is very clear that visible and invisible hands are controlling prices in a fake way with political and economic aims,” he said when opening a meeting of the OPEC Fund for International Development in the central Iranian city of Isfahan.

Iran, the world’s fourth-largest oil exporter, has repeatedly said the market is well-supplied with crude and blames rising prices on speculation, a weak U.S. currency and geopolitical factors.

“As you know the decrease in the dollar’s value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability,” Ahmadinejad said.

With record oil company profits and a sinking world economy, do we need any more proof than Ahmadinejad’s statement to know that we are being manipulated by the oil men? Continue reading

Negotiating With Terrorists

From George Washington’s Blog:

…both Ralph Nader

and attorney, longtime activist and 24-year public defender Bob Fueur

say Congressman John Olver disclosed that Congress is terrified that — if Bush or Cheney are impeached — they might bomb Iran, declare martial law and suspend the 2008 elections.

Indeed, leading neocon Daniel Pipes said in a recent interview posted at National Review Online, that if Obama is elected in November, Bush will attack Iran in the remaining ten weeks of his term.

If what Olver or Pipes say is true, then Bush and Cheney are literally terrorists. And Congress is literally negotiating with them by saying – in essence – “please don’t bomb Iran or declare martial law and suspend the elections, and we won’t impeach you”.

I thought we didn’t negotiate with terrorists.

Read the whole post HERE

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© Nadir Omowale