The Black List

I read an article in Newsweek recently about how the Obama administration is waging financial war against certain Russian citizens to place pressure on Vladimir Putin to remove his troops from the Ukrainian border after his incursion into Crimea. What the Obama administration did was to create a financial Black List of Russian citizens -- the financial movers and shakers in the Russian economy. Being on the Black List means you can no longer conduct business using US Dollars, which is required in nearly 90 percent of foreign exchange transactions. Simply put, when foreign country ‘A’, wants to buy something from foreign country ‘B’, the common currency used between the two countries is the US Dollar – this is because the US Dollar is currently the world’s standard currency in which the value of all other countries currency is determined. Country ‘A’ converts their currency to dollars, and sends that cash to Country ‘B’ where they convert the dollars to their currency. The US Dollar has been the world standard since World War II as we were the only financial power house left at the end of the war, which is why the US Dollar is universally accepted anywhere on the globe. So in effect, being on the black list ties your hands in doing any financial transitions in a global economy. This is also why the US government, when they need more cash, just cranks up the printing presses knowing the dollars they print will be accepted worldwide. So here’s the danger in all of this. The US is no longer the only financial powerhouse in today’s global economy – and Mr. Putin is not a stupid man -- so what happens if he, and his black listed comrades, make agreements with say, China, and begin foreign transactions using the Chinese Yuan as the common currency for Russia’s foreign financial transactions? If other countries were to perceive the American economy as weak, like say we are 17 Trillion dollars in debt, they could easily follow Russia’s lead. If that happened, the US Dollar could lose its position as the world’s standard currency, and the dollars freshly printed at the US mints would be worth only what the new world’s standard currency determined. In the US, interest rates would shoot up overnight and inflation would take off like a rocket. It would make the 1970s look like a walk in the park. I don’t mean to doom and gloom here, but the Obama Administration needs to know they are playing with fire with this Black List. Putin’s no dummy, and for every action we take against him, there will be an equal and opposite action by Putin. Pushing Russians on the black list to find alternate means to conduct foreign exchange transactions could easily backfire in America’s financial face.

The Welfare President

Today, the Congressional Budget Office reported Obamacare will decrease the number of people seeking full time work by over two million. The reason is that it will be more beneficial to take part time work and receive subsidy dollars through Obamacare than work full time so you can purchase health care through your employer. Seriously, why work full time when the Welfare President will subsidize your health care cost? As I’ve stated before, Obamacare is not about health care, it’s about socialism. That’s farfetched you say? 40 years ago, Ronald Reagan warned American about socialized medicine. Check out what he had to say – it’s worth a listen. http://www.youtube.com/watch?v=BnLa1BvtaxM. Quite simply, Obamacare encourages people to go on government welfare and discourages Capitalism by punishing those who would seek full time work by taxing them to death. In Obama’s own words, it’s just his way to “Spread the wealth around”.

This is CNN, the Clinton Nomination Network

Ever since the news story broke about Governor Chris Christi’s staff closing lanes on the George Washington Bridge in Fort Lee NJ, CNN has been dancing in the streets. Wolf Blitzer reported the story with his signature “End of the World” hysteria – stating that this was probably the end of the New Jersey’s Governor’s aspirations of running for President in 2016. And CNN has poured hours and hours of investigate efforts into “finding the truth” about what they immediately dubbed “Bridegate” They have kept this story on the front burner in an effort to disgrace Christi and wound him politically so he won’t be a serious challenger to their chosen candidate, Hillary Clinton. I wish CNN had put one tenth of the effort into finding out how Secretary of State Clinton left four Americans to die in the sands of Benghazi, while ignoring their cries for help. But then, the closing of a few traffic lanes is far more disastrous and CNN news worthy than the murder of Americans by terrorist if it serves your political agenda of slandering the Republican front runner for 2016. So it’s no surprise that today, CNN reported Chris Christi is trailing Secretary Clinton in their poll for the next Presidential election – just what they have been working towards.

FORE ! ! ! ! ! ! ! ! ! !

As our President hit the campaign trail immediately after delivering his meaningless State of the Union address, it got me to thinking about the remaining time he will reside in the White House. I’ve determined the very best thing Barack Obama could do for the country is to hit the golf course – and stay on the golf course. As the President who has spent more time playing golf than any other President, this shouldn’t be a problem. At least this will keep Barack Obama from doing any further damage to the country. So the next time you hear someone on a golf course yelling the word “Fore”, hope he has an entourage of Secret Service men in tow.

PERIOD

Tonight, Barack Obama will give the annual State of the Union address to the nation. Surprisingly, he didn’t call The Old NCO to help write his speech. So, I wanted to jot down what I would have written had the White House requested my assistance. So here goes….. Speaker Boehner, Vice President Biden, Senators, Representatives, Ladies and Gentlemen, tonight, I present to you the State of the Union. The theme of tonight’s address to the nation can be summed up in one word, and that word is PERIOD. I’ll begin with a report on the Affordable Care Act. I want to remind everyone that my official policy is to no longer call the program Obamacare as I’m trying to distance myself from my signature legislation. As you all remember, I told everyone if you liked your current health insurance plan, that you could keep your plan – PERIOD. Well, I lied about that. I also told everyone that if you liked your current doctor, you could keep your current doctor – PERIOD. Well, I lied about that too. I stood before you four years ago and told everyone my 831 billion dollar stimulus plan would put America back to work – PERIOD. Well guess what, I was lying then. It was just a big scheme to spread the wealth around. On the international front, I stated we would protect our embassy personnel stationed overseas. And when four Americans were slaughtered by Al Qaeda terrorist in Benghazi, Libya, I said it was due to a You Tube video – PERIOD. Well, I lied. It was just before the election. So what did you expect? The truth? Get real. And I recently told everyone I negotiated with the country of Iran to have them stop enriching plutonium to a grade capable of making a nuclear bomb – PERIOD. Yep, must know by now, I lied. I gave away the farm. So, in conclusion, let me be truthful for once. You can never believe a thing I tell you – PERIOD.

Obamacrats

The looney left loves to go on and on about how divided the Republican party is – that we have our Tea Party faction, the Christian Conservatives, and Republicans in Name Only (RINO) – and that none of us get along. But there is one thing that unites all of us on the Right, and that is we think Barack Obama is doing a horrible job, and that in fact, he is hurting this country. And the truth today, Democrats are beginning to run from Obama. Many Democrats are facing congressional elections in 2014 – and being an “Obamacrat” isn’t going to help them get re-elected. Democrats want to return to being Democrats, and not part of the socialist leaning Obamacrats so much in vogue just 12 months ago. However, there are still the Obama faithful, like Pelosi, Reed and others who even with all the lies and lack of accountability of this administration, still remain firmly behind the President. So, from where I sit, the left is becoming far more divided than Republicans ever were. Obama is not only hurting the country, but he is single handedly dismantling the Democrat party. Just like Obamacare, the Democratic party will self-implode next year. That’s my 2 cents. www.oldnco.blogspot.com

No Pain, No Gain

That seems to be the motto of the White House. The President and the Democrat’s political strategy is to inflict the maximum amount of pain on the American public from the government shutdown. That’s their goal. It even goes to the extent of not paying death gratuities to the families of military members killed in action, which includes not paying for the travel of the families of the fallen heroes to Dover AFB when their loved one's remains are returned to American soil. Further, Jack Lew, Obama’s Secretary of the Treasury, stated before Congress today that he ‘Would Not’ pay the interest on America's debt to our country’s creditors unless the debt ceiling was raised. Sadly, the truth is he ‘Could’ pay our creditors from the continual stream of tax dollars flowing to Washington DC by diverting enough funds from other government expenses -- perhaps a few less rounds of golf or paid vacations on Air Force One by the President. Now, if President Obama directs his Treasury Secretary not to pay our creditors, the results will be even greater pain for the average American. First, stock values will fall – drastically. Accordingly, values retirement accounts (401Ks, IRAs) will be decimated for those already retired and those still working to save for retirement. Secondly, interest rates will rise. This is the interest rate available to purchase homes, autos, and the interest rate on credit cards. Thirdly, inflation will shortly follow. And while the youngest generation of Americans have not experienced the negative effects of inflation, basically, it means the dollar you have today, will be worth less tomorrow. This equates to rising prices on everything – food, gas, clothes… With all of that, the White House and Senate Democrats still remain rigidly firm on their ‘My Way or the High Way’ strategy, rejecting anything sent to them by the House of Representatives. Our President needs to abandon his “Obama Doctrine” of politics first, American second, and be the President to all Americans – not just those who agree with him politically. If he wants to be the leader of the Democratic Party, then he should have stayed in the Senate and lobbied for Harry Reid’s job.