Glenn starts this program with the general news of the very expensive trip that Obama is taking to India and Indonesia, and breaks it down further along in the program. His first topic is all about the Fed’s QE2, how it is devaluing the dollar, causing commodity prices to skyrocket and how all of our food is going to become more expensive. Here is a news flash Glenn; I covered this on October 20th with the article Obama And The Federal Reserve’s Hidden Taxes with the proof of $14 coffee here in Hawaii. Market Ticker’s Karl Denninger has been writing about this for months.
Glenn then wants to know the upside of the $600 million dollar trip to India. Here is something to think about; this trip to India is a campaign stop on the way to UN Secretary-General. Ban Ki-Moon’s first term as the UN SG will expire in 2012, and though India is not currently one of the non-permanent members of the UN Security Council (who nominates the UN SG), they will become a two year member in 2011.
The General Assembly elected Colombia, Germany, India, Portugal and South Africa to serve as non-permanent members of the Security Council for two-year terms starting on 1 January 2011. The newly elected countries will replace Austria, Japan, Mexico, Turkey and Uganda.
My spidey-sense tells me that Obama does not plan to run for a second term if he can move up to ‘King of The World’. Considering what the global elite banksters are doing to our dollar, and the push for a global currency, why wouldn’t Obama go for the next brass ring as the ultimate citizen of the world? Think Mishy is going to sit still as First Lady when she can be Empress? Think about the Narcissist-in-Chief’s general demeanor; who else would look at the Presidency of the United States as a stepping stone to something else?
The last topic covers the losses that George Soros suffered during the election a few days ago. I want to point out that the reason the California Pot Legalization proposition was defeated was because only a certain number of licenses to grow were going to be issued and guess who they were going to? Yes, you guessed it, Big Agra. The locals mobilized to stop this prop and Big Ag from taking over what will be an incredible revenue stream.