Sharing a Great Resource

I just came across a fantastic blog Oh Bummer, and I would really like to share this resource with my readers. Here are some excerpts from their article exposing the real reasons for Mr. Obama's recent visit to Asia:

"Do you know the real reason that Obama is in China?[...] He's trying to pry open Chinese markets to US financial services. [...] This just proves that the outsourcing of jobs, the off-shoring of businesses, and the "free trade" laws are mainly the work of cutthroat American corporatists not the "rascally Chinese" as the media would like everyone to believe. China is not destroying America; blue-blooded, brandy-guzzling, Harvard-educated Americans are. It's just good-old-fashioned class warfare....and our class is losing. For those who want to know what Obama's trip is really all about; ignore Obama altogether and read Treasury Secretary Timothy Geithner's article in the Wall Street Journal, "The Road Ahead for Asia's Economies." It tells the whole story. Geithner candidly admits that US markets will remain stagnant for years to come and that other emerging nations (i.e. China) will have to develop their own domestic markets so that Wall Street speculators can attach themselves parasitically to a more succulent host. [...] Summary: Geithner and Co. see the US economy languishing in a low-grade Depression for the foreseeable future, therefore, Wall Street must progressively move its base-of-operations eastward.This is the real reason behind Obama's trip to China. There's no truth to the rumor that US policymakers care about "currency manipulation" or the ongoing looting of the American middle class. That's rubbish. China's "dollar-peg" essentially serves the interests of the giant multinational corporations and Wall Street speculators who own the media, the courts, the congress, the White House and most of the country." You can read the whole article here.

Another recent fascinating article on that website is devoted to the analysis of the amendment passed by the House Finance Committee on Friday, November 20, mandating the first ever audit of the ominous organization the Federal Reserve. This is tantamount to casting the first serious challenge to the current financial elite governing the country from behind the scenes. Read the article here.