Daily Archives: September 23, 2009

Qaddafi Lauds Obama, Then Launches Into Rambling Attack on U.N.

NEW YORK —  Libyan leader Muammar Qaddafi, declaring that “we’d be content and happy if Obama can stay president forever,” launched into a rambling assault against the United Nations Security Council on Wednesday, at one point complaining to world leaders gathered to hear him speak that he was tired and jet lagged.

Sometimes speaking in phrases mocking New York City’s security efforts during the 64th gathering of the U.N. General Assembly, Qaddafi swung between calling the Security Council a “Terror Council,” to demanding that European nations pay $7.7 trillion in compensation and apologize for colonizing Africa, at one point adding, “African nations have the right to go anyplace to get the $7.7 trillion stolen from it.”

Qaddafi spoke after President Barack Obama’s first speech to the General Assembly.

Referencing Obama as “my son,” Qaddafi said: “We are happy that a young African Kenyan was voted for and made president. Obama is a glimpse in the dark for the next four years, but I’m afraid we may go back to squar one.

“Can the U.S. guarantee after Obama that they’ll be a government? We’re happy and content if he can stay forever.”

Secretary of State Hillary Rodham Clinton and U.S. Ambassador Susan Rice left the chamber before Qaddafi took the podium and left a low-level note taker to listen.

Holding a copy of the United Nations Charter, Qaddafi said the U.N. was founded by the super powers and that now “small countries could be crushed by the super powers.” At one point, he motioned to rip up the small blue Charter booklet, but instead he paused and seemed to lose his place as world leaders and their representatives sat in stunned silence.

He then continued to rail against the “inequality” of U.N. member states, often repeating himself while quoting from a section of the Charter that calls for equality of nations. He noted that five nations hold veto power on the Security Council and can block actions contrary to their interests: the United States, Russia, China, Britain and France. He later called for an African seat on the Security Council.

Waving his hands and often turning to look at United Nation’s Secretary General Ban Ki-moon and the new General Assembly President H.E. Dr. Ali Abdussalam Treki — who also serves as Libya’s minister of African affairs — Qaddafi defiantly declared, “Nobody cares about the Security Council.”

He added, “this place was founded by terrorists.”

As he fumbled through hand-written notes, he mixed his attacks with rambling references to: the Kennedy and King assassinations; the U.S. Civil War; the Korean War; the Suez War; Saddam Hussein’s hanging; former dictator Manuel Noriega; jet lag; and, a defense of the Taliban and Somali pirates.

http://www.foxnews.com/story/0,2933,554327,00.html

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Breitbart.tv » FCC ‘Diversity Czar’: Few Things Frighten Americans More Than ‘Dark Skin Black Men’

Vodpod videos no longer available.

“There are few things I think more frightening in the American mind than dark skin black men. Here I am.”

In this piece you will also hear Mark Lloyd say:

–Affirmative action “largely benefited white women.”

— Diversity requires asking “who is going to step down” so “someone else can have power.”

— “What we are really saying is the Fairness Doctrine is not enough.”

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Woman gives birth to 19.2lbs. super baby

An Indonesian woman has given birth to an 8.7 kilogram (19.2 pound) baby boy – the heaviest newborn ever recorded in the country.

The baby, who is still unnamed and is 62 centimetres long, was born by caesarean section Monday (local time) at a public hospital in North Sumatra province, a gynaecologist who took part in the operation said on Wednesday.

“This heavy baby made the surgery really tough, especially the process of taking him out of his mum’s womb,” Binsar Sitanggang said.

“His legs were so big.”

The boy is in a healthy condition despite having to initially be given oxygen to overcome breathing problems, the gynaecologist said.

“He’s got strong appetite, every minute, it’s almost non-stop feeding,” he said.

“This baby boy is extraordinary, the way he’s crying is not like a usual baby. It’s really loud.”

The boy’s massive size was likely the result of his mother, Ani, 41, having diabetes, Mr Sitanggang said.

She had to be rushed to hospital due to complications with the pregnancy, which had reached nine months.

The baby, her fourth, was the only child not delivered by a traditional midwife.

Indonesia’s previous heaviest baby, weighing in at 6.9 kilos, was born in 2007 on the outskirts of the capital Jakarta, according to the Indonesian Museum of Records website.

http://www.abc.net.au/news/stories/2009/09/23/2694755.htm

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US backing for world currency stuns markets

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.

“The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation,” he said.

Mr Geithner later qualified his remarks, insisting that the dollar would remain the “world’s dominant reserve currency … for a long period of time” but the seeds of doubt have been sown.

The markets appear baffled by the confused statements emanating from Washington. President Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar.

“I don’t believe that there is a need for a global currency. The reason the dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” he said.

The Chinese proposal, outlined this week by central bank governor Zhou Xiaochuan, calls for a “super-sovereign reserve currency” under IMF management, turning the Fund into a sort of world central bank.

The idea is that the IMF should activate its dormant powers to issue Special Drawing Rights. These SDRs would expand their role over time, becoming a “widely-accepted means of payments”.

Mr Bloom said that any switch towards use of SDRs has direct implications for the currency markets. At the moment, 65pc of the world’s $6.8 trillion stash of foreign reserves is held in dollars. But the dollar makes up just 42pc of the basket weighting of SDRs. So any SDR purchase under current rules must favour the euro, yen and sterling.

Beijing has the backing of Russia and a clutch of emerging powers in Asia and Latin America. Economists have toyed with such schemes before but the issue has vaulted to the top of the political agenda as creditor states around the world takes fright at the extreme measures now being adopted by the Federal Reserve, especially the decision to buy US government debt directly with printed money.

Mr Bloom said the US is discovering that the sensitivities of creditors cannot be ignored. “China holds almost 30pc of the world’s entire reserves. What they say matters,” he said.

Mr Geithner’s friendly comments about the SDR plan seem intended to soothe Chinese feelings after a spat in January over alleged currency manipulation by Beijing, but he will now have to explain his own categorical assurance to Congress on Tuesday that he would not countenance any moves towards a world currency.

http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html

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