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US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund. The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance. “The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation,” he said. Mr Geithner later...

Despite his solemn promise to the American people to keep lobbyists out of his Admkinistration, two more have slipped in. The latest waivers were provided for Jocelyn Frye, director of policy and projects in the Office of First Lady, and Cecilia Munoz, director of intergovernmental affairs in the executive office of the president. Munoz was a senior vice president for the National Council of La Raza. She was heavily involved in the immigration battles in Congress in recent years, and is now a principal liason to the Hispanic community for the administration.

US President Barack Obama mustered his powerful campaign army on Monday, calling on his millions of supporters to lobby on behalf of his budget and economic plan. The appeal to back the president was made in an email and video sent out by "Organizing for America," the organization which morphed out of Obama's campaign machinery to push his agenda when he entered the White House. In the video, Mitch Stewart, the director of Organizing for America, urged the president's supporters to take part in the "Organizing for America Pledge Project."

Leftist Obama’s threat to military retirees, VA disabled, AND active duty. Got to pay for his welfare daddy programs somehow. Why not start by screwing with the military. After reading this, if you have any doubts go to the link Budget, Options, Volume 1: Health Care (http://www.cbo.gov/doc.cfm?index=9925 Either search for TFL, “Tricare for Life” or go to page 175 and read the next 8 pages. Gotta find some way to provide free health care for all the “victims” of the great society of change. Ken Here is something that all veterans and active duty military should know about. Pass it...