Daily Rundown – 1/1/07

Human Events breaks down Michael Medved’s diatribe bashing those of us who worry about the North American Union.

Without specifying exactly whom he is attacking, Medved uses his Townhall.com piece to launch into an emotionally charged diatribe against what he calls “a shameless collection of lunatics and losers; crooks, cranks, demagogues, and opportunists” who are whipping up a “mounting hysteria over the looming menace of a ‘North American Union.’” Medved then proceeds to characterize in equally emotionally charged language the argument as “a secret master plan to join the U.S., Canada and Mexico in one big super-state and then to replace the good old Yankee dollar with a worthless new currency called ‘The Amero.’” He further charges that criticism of the Trans-Texas Corridor is another “delusion” that “involves the construction of a ‘Monster Highway’ some sixteen lanes wide through Texas and the Great Plains, connecting the two nations on either side of the border for some nefarious but never-explained purpose.”
[…]
Studying the tone of Medved’s recent piece in Townhall.com, I was reminded of the abuse my co-author John O’Neill suffered on Oct. 22, 2004, when MSNBC senior political analyst Lawrence O’Donnell began screaming “Liar! Liar!” at O’Neill during an appearance on “Scarborough Country.” Reading the transcript of that show, O’Donnell appeared to have lost his composure when he was unable to refute O’Neill’s defense of what we wrote in “Unfit for Command.” Similarly, Medved has reduced himself to spewing forth various strings of derogatory language boldly proclaiming, for instance, that “there’s no reason at all to believe in the ludicrous, childish, ill-informed, manipulative, brain dead fantasies about a North American Union.
[…]
The public record on SPP displays much more than a “dialogue” between neighbor nations. The organizational chart obtained by the Judicial Watch FOIA request shows trilateral “working groups” that shadow U.S. government departments and agencies, reporting to three cabinet officers, who in turn report to the Homeland Security Council and the National Security Council, and ultimately to the President. A 12-page document I obtained from the FOIA request to SPP provided the names, phone numbers, and e-mail addresses of the executive branch contacts in the three nations, as well as designating which working group each bureaucrat was assigned to as a member. The “2005 Report to Leaders” and the companion “2006 Report to Leaders” on the Department of Commerce SPP.gov website describe many different memoranda of understanding and other trilateral agreements that have been signed by the working groups. Yet, the vast majority of these memoranda of understanding and other trilateral agreements have not been submitted to Congress for oversight or for determinations regarding whether a treaty might be required for the agreement to be valid within constitutional restrictions. What is wrong with the 110th Congress scheduling some hearings to make sure Bush Administration has not exceeded constitutional authority?

World Net Daily goes over the Economic Outlook for 2007

“The dollar could lose as much as 30 percent of its value in 2007,” econometrician John Williams, who publishes the website Shadow Government Statistics, told WND. “In 2007, we are likely to see the economic downturn of 2006 develop into a structural recession and yet we have international trade and federal budged deficits careening out of control.”

Bob Chapman, publisher of the economic newsletter The International Forecaster, told WND, “Central bankers in 2007 will begin to move away from the dollar in their foreign reserve holdings.”

Chapman’s Dec. 30 newsletter documented that the international move away from the dollar has already begun:

China, the second largest holder of U.S. debt, reduced purchases of U.S. bonds 1.7 percent in the first 10 months of the year. Central bankers in Venezuela, Indonesia and the UAE have said they will invest less of their reserves in dollar assets. Iran’s switch to euros is the greatest threat yet to dollar supremacy. The usage of the euro is now universal in Iran and it will spread to other Islamic oil-producing countries as well. The share of dollars as a percentage of OPEC foreign reserves has fallen from 67 percent to 65 percent in the first half of 2007.Iran’s decision to hold only Euros may prompt a U.S. decision to launch a pre-emptive attack, Chapman speculated, with the public argument being Iran’s pursuit of nuclear weapons in defiance of the U.N. Security Council.

“Saddam Hussein signed his death warrant,” Chapman argued, “when he got the U.N. to agree that he could hold his oil-for-food reserves in euros. Ahmadinejad appears determined to go down the same path.”

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