Issues.

1. Gita Gopinath on the effects of raising interest rates.
Dr Gopinath argues that raising interest rates will produce little inflation in the US, whereas other countries will be not so lucky. Why? Because international trade is invoiced in US Dollars and prices are fixed for about 10 months. So, if the rising interest rate in the US drives up the value of the Dollar, the resulting inflation rate will NOT be passed through into prices right away, whereas in other countries prices will rise. I think she is wrong. The market value of the US Dollar has risen sharply in anticipation of rising interest rates and political tensions. The rise in the price of the Dollar has been accompanied by a fall in commodity prices, causing deflation. Will the rise in interest rates exaggerate the problem? No, says Larry Edelson. He claims that from now on the war cycles will be driving commodity prices up.


2. Why Obama wants to cut down the US.
Barak Hussein Obama, along with other Leftists, hates the United States. He believes that the US was conceived in racism, sexism and homophobia and has become wealthy at the expense of other countries. Therefore, Obama believes, the US must be cut down to size to restore fairness. Obama believes that he is being thwarted in his goals by white voters, so he is doing everything he can to reshape the country's population. That is why he opened up the borders and lets in Central Americans - they vote for Democrats. That is why he is importing Muslims. They also vote for Democrats. If these groups cause violent flareups, that is just too bad.


3. Why does the GOP allow this to happen?
In part because the US Chamber of Commerce wants lots of Latinos to repress wages. But, the GOP is fearful that opposing the Latinization of America would turn the Media against them. Of course the Media hates them already. There is one more factor. There is plenty of grounds to impeach Obama and remore him from office. But! Blacks would torch the cities and create havoc. Besides, the GOP believes, what can Obama do in a year? Unfortunately, a lot.