Gay Patriot Header Image

The Ukraine crisis – and the dollar’s decline

Posted by Jeff (ILoveCapitalism) at 11:18 am - April 14, 2014.
Filed under: Debt Crisis,Economy,National Security,Obama Incompetence

We know the Ukraine crisis is hot, with Ukraine and Russia accusing each other of terrorism and east Ukraine basically expecting a Russian invasion. But what interests me is the larger backdrop: the erosion of the U.S. dollar as the world “reserve currency” (or centerpiece of global finance and trade).

You see, the more President Obama tries to isolate Putin, the more he pushes Russia and its trading partners – such as China, India, Germany, Iran – to speed their efforts to integrate their economies and financial systems, to the exclusion of the U.S.

Consider the following news items. None are earth-shattering, but each reveals a bit of the picture.

So, Russia annexing territory (the Crimea) is not really a big deal to Washington; it triggers token U.S. sanctions. But Russia trading with its own neighbor (Iran), in a way that bypasses the dollar-based financial system and thus the U.S. ability to eject little countries from world trade – that gets Washington’s attention. That tells you where the sore spot is.

To continue:

Do you see where this is going? Not toward Russia being isolated. Maybe, in time, toward the U.S. being isolated.

UPDATE: Ordinary Russians are only annoyed, not frightened, by U.S. sanctions.

My New Favorite Campaign Ad

Posted by V the K at 7:47 am - April 14, 2014.
Filed under: 2014 Elections

From Mr. John Boehner’s Primary Opponent

YouTube Preview Image

Leftists: Still running amok

They’re still claiming that any opposition to leftism could only be motivated by racism. Here, Rep. Steve Israel (D) says it back-hand style:

Candy: Do you think your Republican colleagues are racist?

Israel: Not all of them, no. Of course not. But to a significant extent, the Republican base does have elements that are animated by racism.

They’re still demanding that their failures be subsidized and bailed out. Here, a “green” solar company sues the government for only having dished it $250 million of taxpayer money, instead of millions more.

They’re still using highly questionable statistics to demagogue the issue of equal pay for men and women.

They’re still fighting their ‘war’ on Fox News, and failing – sometimes with hilarious results. The video shows Greta van Susteren cornering an aggressive Democrat into admitting that he lied about his resume.

They’re still racially divisive with amazing double standards. Here, a Democrat belittles her African-American GOP colleague for being only “half” black. Which, remember, happens to be what President Obama is.

They still have amazing double standards on the issues of Islam, free speech and women’s rights. Last week, leftists hit a triple (the wrong positions on all three) when Brandeis snubbed Ayaan Hirsi Ali after considering her for an honorary degree.

They’re still screeching “McCarthyism!” to deflect attention from their misconduct, as Rep. Elijah Cummings (D) did last week, when questions arose over his own staff’s collusion with the dangerously out-of-control IRS.

UPDATE: At least there’s hope for Wisconsin:

Wisconsin Governor Scott Walker has had a good run lately. He signed a major tax relief package into law, his controversial budget reforms have put the state back in the black…A new poll from Wisconsin Public Radio suggests that voters are appreciative of the governor’s accomplishments. Walker leads Democrat Mary Burke by 16 points in the survey (56/40), with Walker’s approval rating soaring to just shy of 60 percent — an all-time high in the series. (President Obama’s job approval is underwater at 48/50 in the poll). Walker’s lead is fueled by a 19-point advantage among independents…

#BanBossy update

Posted by Jeff (ILoveCapitalism) at 12:48 am - April 14, 2014.
Filed under: Bush-hatred,Democrats & Double Standards,Hillary Clinton

First, some Middle Eastern guy did it to President Bush in 2008. Now, a woman has done it to Hillary:

I’ll say little except to note Hillary’s comment, “That is not the way democracy works” – which is not what I remember lefties saying in 2008.