What are the attributes of a global reserve currency? It must be stable, it must be underpinned by a large and strong economy, it must be freely convertible, and it must be used widely.
Americans should not remain overconfident. The only reason the greenback is still the world’s reserve currency is because there is no practical alternative. China and Russia, however, are busy trying to figure out how to engineer a replacement. (Gatestone, 8/10/2022)
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RACISM IN HAMTRAMCK
In January, the city of Hamtramck, Michigan, became the first municipality in the United States to be governed entirely by Muslim Americans. Mayor Amer Ghalib was sworn into office with an all-Muslim city council on January 2, after promising to represent the entire community, “no matter your faith, your background, who you love, or your political views.”
Yet, Hamtramck’s new mayor does not live up to his inclusive pledge. Ghalib’s Facebook account includes deeply racist, anti-black statements. He viciously mocked black justice demonstrations and endorsed a comment that referred to African Americans as “animal” and “inhuman.”
Alarmingly, Ghalib’s social media history even appears to include an admission of serious voter fraud. (7/7/2022 MEF)
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IRELAND RETHINKING NEUTRALITY
Ireland is to significantly expand its participation in EU military co-operation projects, including in the areas of cybersecurity and special forces training.
Although a member of the Permanent Structured Co-operation (Pesco) initiative since 2017, Ireland has played a minimal role in the project which has been characterised in some political quarters as a prelude to an EU army. Ireland is to significantly expand its participation in EU military co-operation projects, including in the areas of cybersecurity and special forces training.
The Government views it as a way of increasing interoperability between Irish and EU militaries in support of the EU’s Common Security and Defence Policy, which it says is vital for future participation in peacekeeping operations. (Conor Gallagher, Irish Times, 7/12/2022)
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GERMANY CALLS FOR MASSIVE REARMAMENT
The EU should play a “geopolitical role” and therefore “close ranks” and step up its militarization, German Chancellor Olaf Scholz demands in an op-ed published in the Frankfurter Allgemeinen Zeitung. He promises “concrete proposals” in the next few months and is already demanding the abolition of the right to veto on foreign policy issues, which enables smaller states to protect their vital interests against the pressure of the powerful member states. A similar view was recently expressed by SPD Chair Lars Klingbeil. “After nearly 80 years” of alleged “restraint,” Germany should claim “the role of a leading power,” the SPD-Chair demanded. This would “require tough decisions by Berlin.” Klingbeil also called for massive rearmament of the Bundeswehr. Scholz and Klingbeil are worried because the developing and emerging countries are refusing, to a growing extent, to follow the old West and are pursuing their own independent policy. The call to engage in “geopolitical” activities in the future comes at a time of rapidly growing poverty in the EU. (German Foreign Policy, 7/20/2022)
Putin’s plan to hold Germany to ransom by Wolfgang Münchau, The Spectator, 2 July 2022
Russia has a long history of using the cold to defeat Europe. The winter of 1812 arrested Napoleon’s special military operation. Hitler’s troops hit the deep-freeze outside the gates of Moscow in December 1941. Now Vladimir Putin has the option to turn off the gas sent to Europe – a strategy against which Germany appears to have no defence. (The Spectator, 7/2/2022)
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MUSLIM ADVANCE IN US
A Turkish-backed coalition of the nation’s most prominent Sunni Islamist organizations converged on Capitol Hill for the 7th annual National Muslim Advocacy Day in mid-June. The U.S. Council of Muslim Organizations (USCMO) enjoyed logistical support from the Turkish government as more than 300 delegates toured Congressional offices to lobby a package of radical legislative proposals.
Since its inaugural Muslim lobby day in 2015, USCMO regularly hails itself as the uncontested representative of a Muslim American voting bloc — one that is united by concerns that affect “all Americans.” However, just three days after this year’s event, which took place on June 13-14, USCMO Secretary-General Ousama Jammal struck a decidedly different tone, describing his experience at the lobby day in a fiery Friday sermon at the Mosque Foundation in Bridgeview, Illinois.
“This is our battle. This is our jihad, our weapon is our vote,” Jammal said. “This is what we are going to fight with.” (Benjamin Baird, MEF, 7/17/2022)
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INCREASED MILITARY SPENDING
In the days after Russia’s invasion of Ukraine, a host of countries announced momentous hikes in military spending. Canada and the United States both released plans for new military expenditures. So did Australia. So far, 29 European states have pledged more than a combined $209 billion in new defense funding – a figure that will almost certainly rise. The European Commission has declared that “investments will be needed to replenish the depleted stocks of military equipment,” and Josep Borrell, the EU’s top foreign policy official, has called for the bloc “to spend together, more, and better” on its armed forces. (Foreign Affairs, July 2022)
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MESSAGE FROM PRO-AMERICAN SPECTATOR WRITER
It isn’t much fun being American right now. Your cities are sinking into criminality, your sidewalks are full of drug addicts, your education system is self-harming, you are the fattest big country on earth, your health service is a cruel disaster, your towns are burned by race riots, you are shooting your own children in schools, your military is in retreat around the world, you are being supplanted as the number one nation by China, you are returning to medieval laws over abortion, your life expectancy is actually shrinking, and you recently suffered an attempted coup.
It’s not a pretty list. It is, indeed, a horrible list. America is in stark decline and its people are in anguish, so they lash out, and comfort themselves, by saying ‘look, it’s even worse over there’. And, as psychologists know, when someone lashes out, it’s always the close friends and family that get hurt. Not the strangers. America is not attacking Indonesia or Japan or Brazil. It is attacking the mother country. Britain. This is Oedipal.
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SALMAN RUSHDIE
I remember checking out his book The Satanic Verses out of my library. I got to page 2 and was deeply offended. This is what led to the fatwa against Rushdie and to the attempted assassination last week. Rushdie’s best book is Midnight’s Children, set in India. This week marks the 75th anniversary of India’s independence. It’s a perfect time to read the first paragraph again, one of the best intros to any novel.
“I was born in the city of Bombay… once upon a time. No, that won’t do, there’s no getting away from the date: I was born in Doctor Narlikar’s Nursing home on August 15th, 1947. And the time? The time matters, too. Well then: at night. No, it’s important to be more… On the stroke of midnight, as a matter of fact. Clock-hands joined palms in respectful greeting as I came. Oh, spell it out, spell it out: at the precise instant of India’s arrival at independence, I tumbled forth into the world. There were gasps. And outside the window, fireworks and crowds.”
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TO THE POINT
- Asian markets and Wall Street both climbed after the latest US inflation data came in slightly below estimates and boosted investor hopes. US headline consumer prices rose 8.5% in July compared to the same period a year earlier, just shy of economists’ expectations of 8.7%. The data also showed no month-on-month inflation from June to July. The Financial Times said the reprieve has “bolstered confidence.” (The Week, 8/11/2022)
- “In Britain, everything is policed except crime.” (Mark Steyn, GB News, 8/2/2022)
- The Royal Navy is planning to relinquish its role of dealing with migrants crossing illegally to the UK on 31 January next year, said The Telegraph. Just months after Boris Johnson brought in the first Navy vessels to patrol the Channel, government sources said the Navy is planning to hand back control to the Border Force. The news comes after MPs complained that policing the Channel had turned the Navy into a “super taxi service” for migrants. The next PM will be presented with a dilemma over whether to overrule military advisers. (The Week, 7/16/2022)
- “For a nation, a country, a people, a democracy to endure, there needs be a broad consensus of belief, culture, custom and politics… We are a country whose people have a diminishing confidence in almost all of its institutions, from big business to the churches, universities and media.” (Pat Buchanan, 7/16/2022)
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FINAL THOUGHT
I was talking to somebody recently who desperately wanted to confirm his conservative credentials to me. He said that he watched Fox News for three hours every evening! I can’t think of anything worse to waste an evening. At a troubled time like this, we need something uplifting. We do not need to immerse ourselves in the world’s politics.
Music helps. In my case classical music, even a bit of opera, helps me relax. You can substitute whatever is to your taste.
Philippians 4:8 is sound advice during these difficult days:
“Finally, brethren, whatever things are true, whatever things are noble, whatever things are just, whatever things are pure, whatever things are lovely, whatever things are of good report, if there is any virtue and if there is anything praiseworthy—meditate on these things.”
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