The further to the left or the right you move, the more your lens on life distorts.

Wednesday, August 12, 2015


Barack Obama's Team of 2s never ceases to amaze. They make patently outrageous claims with little concern for reality or truth. The latest is exemplified by a prima facie example of the Peter Principle, John Kerry. YahooNews reports:
NEW YORK (Reuters) - If the United States walks away from the nuclear deal with Iran and demands that its allies comply with U.S. sanctions, a loss of confidence in U.S. leadership could threaten the dollar's position as the world's reserve currency, the top U.S. diplomat said on Tuesday.

"If we turn around and nix the deal and then tell them, 'You're going to have to obey our rules and sanctions anyway,' that is a recipe, very quickly ... for the American dollar to cease to be the reserve currency of the world," U.S. Secretary of State John Kerry said at a Reuters Newsmaker event.
The U.S dollar may very well be removed as the world's reserve currency, but it will have NOTHING to do with our rejection (one can only hope) of the Iran "deal." Rather, it might have something to do with Barack Obama's profligate spending and the resultant precipitous growth in the national debt, the printing by the federal reserve of tens of billions in "quantitative easing" currency to buy back our ever expanding debt, and our growing inability to service our debt were interest rates to rise. Not to mention perceived weakness of our country and its leadership by major international players, lead by China.

If anything, rejection of the "deal" would be the first time in almost seven years that the United States of America showed any spine at all. In fact, rejection of the deal might very well improve our standing around the world by showing that although the current administration is perfectly willing to appease a very bad actor in Iran, our Congress is not. It might actually demonstrate that adults have regained control from the petulant children that have run things (very, very badly) since 2008.