VICE PRESIDENT JOE BIDEN CALLS FOR "A NEW WORLD ORDER"
There is little doubt in my mind that the Obama Administration and the democrat party have been deeply infiltrated with socialists and communists seeking to weaken American, strengthen international institutions such as the United Nations and its various agencies, and engage in massive wealth redistribution to benefit people other than Americans.
To this end, we find Vice President Joe Biden calling for America to take “affirmative action” to “lead,” to “update the global rules of the road,” and “we have to do it in a way that maximizes the benefits for everyone.” “It’s overwhelmingly in our interests that China prosper,” “that Mongolia prosper,” “that nations big and large, east and west, we have to level the playing field so that American companies and workers can compete in the world.” “So that the competition is fair and its healthy.”
Excuse me? Competition is using your natural resources and human capital to secure an advantage for your country. To improve your living conditions. And, it doesn’t matter about your competitors, because it is assumed that they, following the dictates of human nature and the flow of power, will look out for their own interests and seek their own preferential advantages. Only in the minds of socialists and communists do we find a centrally planned world, governed by a cadre of elite and enlightened rulers who are necessary to tell the masses how to live and how to interact with each other. And, historically, we have seen how this ends in totalitarian governments repressing their people’s freedoms in order for the “ruling enlightened elite” to remain in power because they have screwed up their nation beyond repair. Requiring more and more power and government force as the nation spirals towards bankruptcy and famine.
Even with all of the unending chaos and pain yet to come from Obamacare and adverse environmental sanctions on our own country, Biden is claiming that “there is a need for an ambitious affirmative agenda.”
But he is not talking about a government crackdown on domestic terrorists, the inner city gangs which keep investment opportunities away while the destroy entire neighborhoods. Nor repairing or rebuilding our aging, decaying and crumbling infrastructure. Nor bulldozing portions of the inner cities and providing new construction jobs and local opportunities to residents. No, Biden is speaking to the Export-Import Bank Conference in Washington and describing international trade laws.
While I do not believe that Biden’s use of the term “New World Order” was malevolent, I do think we should take a closer look at the Export-Import Bank.
Lest you be unfamiliar with the Export-Import Bank of the United States …
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank's mission is to assist in financing the export of U.S. goods and services to international markets.
Ex-Im Bank enables U.S. companies — large and small — to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy.
Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing.We assume credit and country risks that the private sector is unable or unwilling to accept. We also help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters. Ex-Im Bank provides working capital guarantees (pre-export financing); export credit insurance; and loan guarantees and direct loans (buyer financing). No transaction is too large or too small. <Source: Ex-Im Bank>
In essence, the bank is the “lender of last resort” when commercial lenders feel that the transaction is dodgy or the buyer cannot meet traditional credit standards. Funny that Biden should mention China, with its predatory export policy and history of currency manipulation. In many instances, the Ex-Im Bank will provide financing to those American companies who cannot compete with China by “leveling the playing field” and removing both financing disparities, which would demand higher interest rates for higher risks, and the transactional risk of dealing with parties naturally favored by their own political and legal system.
The big lie …
Although the Ex-Im Bank claims that approximately 80% of its “transactions” are with small- and medium-sized firms, Pareto’s Law (also known as the 80-20 rule) tends to indicate that the largest 20% of the total transactions involve 80% of the money. Thus, we find that the big players like Boeing, Caterpillar and General Electric are among the recipients of this government assistance. And, that these large commercial enterprises are able to attract acceptable financing on favorable terms using the Bank’s ultimate guarantees. In essence, having the government co-sign the loan for China’s purchase of planes, tractors, jet engines and medical diagnostic devices.
Critics of the Bank liken its operations to the loan guarantees provided by other government-sponsored enterprises like Fannie Mae and Freddie Mac, serving to privatize the profits and socialize the losses. The bank’s supporters claim that unlike dodgy mortgages, the bank’s loans are supported by real goods with a resale value – that is, if you can repossess the collateral in a foreign nation using their legal system.
Why now and why is Biden speaking?
The Bank’s charter and lending authority will expire in September, 2014 – a year in which congressional elections will be at the forefront. There will never be a better time for politicians to promote jobs for the middle class and demonstrate that President Obama’s trade policies and Ex-Im Bank Operations have protected or provided thousands jobs, thus protecting the “middle class.” Even though Obama refused to name China as a currency manipulator, the Ex-Im Bank helps take some of the impact of China’s currency manipulation out of American foreign trade transactions.
(2012) China Not A Currency Manipulator, Obama Administration Says …
The Obama administration declined Tuesday to label China a currency manipulator, noting that it has let the Yuan rise nearly 10 percent in value against the dollar since June 2010.
The decision came in a twice-a-year Treasury report on whether any other nations are manipulating their currencies to gain trade advantages. Despite its decision, the administration said the Yuan remains "significantly undervalued," and it urged China to make further progress.
U.S. manufacturers contend that China is manipulating its currency to gain a trade advantage. A weaker Yuan makes Chinese goods cheaper for American consumers and U.S. goods more expensive in China.<Source>
In his own words “The 'affirmative task' before us is to 'create a new world order' …
Bottom line …
While the term “New World Order” often has sinister and conspiratorial implications, Biden’s rhetoric does not seem to be suggesting anything more than additional trade policies and support of the Ex-Im Bank – business as usual.
However, the Vice President of the United States, Joe Biden, should be calling for the bulldozing of large swaths of inner city slums and charging the costs to the property owners who allow the property to decay and become an attractive nuisance.
Biden, should likewise call for the pursuit of domestic terrorists, those ethnic and criminal gangs who are destroying our cities with drugs, extortion and other illegal activities. There is plenty to do to revitalize America. Starting with removing the “union” premium from the cost of doing business and re-aligning all public employee pensions with a defined cost system as in the private sector rather than a defined benefit system that makes the taxpayers responsible for any pension shortfalls – including those caused by the union’s interference, mismanagement and malfeasance in managing large pension funds.
If Biden wants to be a credible Presidential Candidate in 2016, now is the time for him to become pro-active and to denounce those Administration policies that are disadvantaging American business. Like Barack Obama, he has nothing to lose if he attempts to move the democrat party back towards a centrist position and secure his legacy as something other than the Administration’s clown.
-- steve
“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words
“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw
“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius “A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell “Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar “Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS