Obama's Real Agenda.

There are several reasons that the United States dollar became the world’s currency. The single largest part of it comes from the fact that our economy is the largest in the world. We import a vast quantity of goods and services from around the globe. Even though our currency has been a fiat currency since 1971 when it was taken completely off the gold standard, it has remained the currency of choice around the globe. Why is this so in spite of such economic upheaval lately? Because of our consumption of oil. We are the world’s largest consumer of oil. That is not necessarily a bad thing.

It is because of the greatness of our innovators and inventors, especially Henry Ford for inventing the assembly line process. He gave affordable transportation to the world, and gave rise to the largest middle class in any country in the history of the world ever. Because of Henry Ford, we have the most productive workforce in the world.

I would argue that our currency is in fact still an asset-backed currency. Rather than being backed by a precious metal, it is now backed by oil. Since our economy is 70% driven by consumption and our largest single consumable by far is energy in the form of oil, we have effectively replaced the gold standard with the oil standard. Oil around the entire globe is valued in United States dollars. It does not make a difference where it comes from, Brazil, Venezuela, Russia, or Saudi Arabia it all is valued in United States dollars.

Obama’s push to break not just our addiction to foreign oil consumption, but any oil consumption is really an attempt to trash our currency couched in an idealism about the environment; a convenient means to an end. His ideals are an anathema to what makes America great. If he succeeds with this green push and we lose our preeminent status as the world’s largest consumer of oil, our dollar will be pushed aside as the world currency and it will truly be free to float. The dollar will be cast adrift, and it will most likely sink like a stone giving rise to runaway inflation not at all unlike what happened to the Wiemar Republic (pre-war Germany), turning the greatest nation ever into just another failed one in the footnotes of history.

The people who have purchased precious metals like gold, silver, or platinum will be the only ones that have financial security when that happens. Because these investments are not volatile and will still have intrinsic value while the values of currencies fluctuate wildly.

If, on the other hand, we open up domestic production of oil, natural gas, and coal, we can stabilize our currency and continue economic growth and stability while pursuing alternative energy sources to supplement our consumption. This will give us the time needed to develop the technologies needed to produce viable alternative sources of energy. Obama has had over two years in office that he could have used to increase domestic production of energy. Instead, failing to foresee the current volatility in the middle east that was sparked by a 26-year old Tunisian fruit vender named Mohammed Bouazazi, he has done nothing but give us lip service about windmills and solar technologies that show only promise for the future but are decades away from scalability and economic viability.

So his idealism has in fact been an all out assault on the middle class that threatens our economic and national security. He is either clueless, or criminal in his course of action, and I can’t imagine that he is that clueless. In a just released video clip on Fox News we can see and hear Obama mocking a family man for complaining about the high cost of gasoline. Obama laughs at him for continuing to drive around in a large SUV chiding him that his family can't be that big. The man has ten children. Once again we witness the aloofness of a detached Obama as he steps in a big pile of do-do. I thought that gargantuan gaffs were the protected territory of only Joe Biden? Oh that's right, I forgot about the beer summit too. This jackass in the White house must not be allowed to serve another term come 2012.