New News and Old News (Nouvelles Nouveau et Ancien Nouvelles)
Nobody expected that President Mr. Barack Obama could take on Osama bin Laden in the second quarter of 2011.
So, you might muse that Islamic nations might save the global economy someday while China and India would fail.
Anyway, this movement across Islamic nations from Libya to Syria through Egypt really tells that Christ Jesus has come back to the world around 2010 in my calculation.
(Refer to http://eereporter.blogspot.com/2011/08/have-ye-your-heart-yet-hardened.html )
SECTION I: News This Morning
1) Libya is coming to a showdown
Allah is great! A bad leader who bought by money foreigners as soldiers to suppress Muslims is going to be judged.
If justice is not realized in Europe, it must be realized at least in North Africa.
2) Japanese Prime Minister Election
The ruling party DPJ plans to elect the new head of the party on the next Monday, following spontaneous resignation of incumbent PM Mr. Naoto Kan.
The big concern is now on whether former foreign minister Mr. Seiji Maehara will run for the election which virtually chooses the next prime minister of Japan, since the DPJ has a majority in the Lower House that has constitutional power to elect the Japanese PM. Incidentally, Mr. Maehara is the youngest among possible candidates for this election.
3) U.S. Vice-President is traveling in the Far East
Mr. Joe Biden is to visit Japan soon.
The value of the U.S. dollar is indeed protected as China holds a few trillion dollars. But, China cannot sell U.S. dollars. It is because it would badly influence Japan that holds several trillion dollars. If Japanese businesses are badly damaged, they will change policies in the Chinese market. China will be more gravely damaged eventually. China cannot sell dollar-based assets it has accumulated in these years.
To control China, the U.S. needs help from Japan.
SECTION II: The End of the Era
Around 2010, the largest economy in the world the U.S. clearly showed a sign of an incurable financial malaise.
The Federal Reserve reports M1 to be $1,716 billion as of February 15th. When deposit currency created by the Federal Reserve is added to the traditional definition of M1, M1 after adjustment is actually 170% higher at $2,918 billion. Its annual growth increases to 29.5%, nearly 3-times the rate reported by the Fed and more importantly, is an annual rate of growth in the quantity of dollar currency that is approaching hyperinflationary levels.
The US dollar is being inflated and worryingly, the rate of new currency creation is approaching hyperinflationary levels. Unless the Federal Reserve changes course, the US is headed for a deposit currency hyperinflation like those that plagued much of Latin America in the 1980s and 1990s.
http://dailyreckoning.com/when-money-supplies-go-wild/
Ordinary Americans do not realize it while eating, drinking, driving, and working as before. But, the framework of their money system has changed. They have entered an era where deficit and surplus of the federal government do not count any more. Everything rests not on how much the government can borrow money but on how much the money market trust the dollar.
The era of old economics should be ended.
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Appendix. Battle Ship Mutsu of the Imperial Navy of Japan, at Yokosuka Port in 1936
(In 1965 nothing special happened...http://www.youtube.com/watch?v=GNGPUPQD88A&feature=related)
Joh 8:21 Then said Jesus again unto them, I go my way, and ye shall seek me, and shall die in your sins: whither I go, ye cannot come.
Joh 8:22 Then said the Jews, Will he kill himself? because he saith, Whither I go, ye cannot come.
Joh 8:23 And he said unto them, Ye are from beneath; I am from above: ye are of this world; I am not of this world.