The 'Cuda's on a roll today. A second Facebook post:
The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies.
According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such a talk weakens the dollar and renews fears about its continued viability as an international reserve currency. In fact, today a United Nations official called for a new global reserve currency to replace the dollar and end our “privilege” to run up huge deficits. We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar.
All of this is a result of our out-of-control debt. This is why we need to rein in spending, and this is also why we need energy independence. A weakened dollar means higher commodity prices. This will make it more difficult to pay our bills – including the bill to import oil.
In his book Architects of Ruin, Peter Schweizer points out that the Obama administration is focusing primarily on “green energy," while ignoring our need to develop our domestic conventional energy resources. We’re ignoring the looming crisis caused by our dependence on foreign oil. Because we’re dependent on foreign nations for our oil, we’re also at their mercy if they decide to dump the dollar as their trade currency. We can’t allow ourselves to be so vulnerable to the whims of foreign nations. That’s why we must develop our own domestic supplies of oil and gas.
Though the chant of “Drill, baby, drill” was much derided, it expressed the need to confront this issue head-on before it reaches a crisis point.
Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence.
- Sarah Palin
*Note: Schweizer’s book is a real eye-opener. The sections on ACORN are quite informative.
God: Judeo-Christian principles and, yes, how they have applied to our system of government. Guts: Those intrinsic things that we feel down in our inner-most being; the things we know are right, and the courage to defend them. Sarah Palin: The name speaks for itself.
"It requires a terrible effort to remain a civilized man." - Woolf
LOTUS - Sarah's Facebook Notes
Laptop of the United States
"All right, they're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time" - Gen. Puller
If you write me, please mention something about the blog or my name so I know you're not spam. Thanks!
Disclaimers seem to be fashionable these days, so here's mine:
If you think that anything on this blog is in any way connected to Governor Palin herself, you're nuts. These are all my own stupid opinions. Palin probably doesn't even know I exist, nor does she care.
There, that should do it.
Oh, and don't assume that my posts from a year ago reflect the exact same opinion I hold now. I don't have time to go back and update every time I change my mind for the one or two people who are going to click on that post in the future.
"Notice how they’ll accept anything except a (wo)man who stands alone. They recognize (her) at once . . . . There’s a special, insidious kind of hatred for her. They forgive criminals. They admire dictators....They’ve got to force their miserable little personalities on every single person they meet. The independent (wo)man kills them—because they don’t exist within her and that’s the only form of existence they know. Notice the malignant kind of resentment against any idea that propounds independence. Notice the malice toward an independent (wo)man." - The Fountainhead