Obama's "Clown Car" Foreign Policy Dear Sovereign Investor, Those of us who have ever attended a circus are familiar with the clown-car act. It's the traditional gag where a seemingly endless number of clowns emerge from a small car, to humorous effect. Well, the world witnessed the political version of the clown-car act recently as a seemingly endless parade of Obama administration officials stepped forward in an embarrassing display of foreign-policy bumbling and utter incompetence related to the Syrian crisis. The first person to exit the Obama administration clown car was the president himself. Last week, in front of a gaggle of cameras, Mr. Obama uttered these words concerning Syria possibly crossing his "red line" regarding chemical weapons use: "First of all, I didn't set a red line." Come again? Let's revisit a statement from President Obama on August 2012: "We have been very clear to the Assad regime, but also to other players on the ground, that a red line for us is when we start seeing a whole bunch of chemical weapons moving around or being utilized. That would change my calculus." Mr. President, you knew those words were on tape. Did you think they wouldn't be played back? The next clown out of the car was Secretary of State John Kerry. In a dangerous world where Iran continues apace with its nuclear-weapons program, China flexes its military muscles in Asia, North Korea's Kim Jong Un is his usual unhinged self and the terrorists responsible for killing four Americans in Benghazi are still on the loose one full year later, Kerry uttered the following: "We will be able to hold Bashar Assad accountable without engaging in troops on the ground, or any other prolonged kind of effort … it will be an unbelievably small, limited kind of effort." Now, there's a way to strike fear in the hearts of our enemies. With a chance to showcase U.S. power and resolve at a moment when the whole world was watching, Kerry came up, well, unbelievably small. I'm sure no one will dare test our resolve after such a stern threat. The third clown stepping out of the Obama-administration car recently was its U.N. ambassador, Samantha Power, who suggested that launching a military strike on Syria may not be legal … but was necessary. That's certainly an interesting way to build a strong coalition of support. (What we're about to do is illegal, but we're going ahead anyway. Now, who's joining us? Hello?) Clown number four is Obama administration press secretary Jay Carney, who this week indicated, in what can only be described as a moment of sheer delusion, that if the Syrian crisis is ultimately resolved in a positive manner: "That would be due to the decisions made by the Russian leadership but also the decisions made by the United States, by the president, to take the approach he has taken in response to the horrifying use of chemical weapons on his own people." So, let's get this straight, President Obama declares a red line to Syrian leader Bashar al Assad, then backs down when that red line is crossed, then loses the support of our closest ally, Britain, then turns limply to Congress for cover when he realizes that his bluff has been called, and then, in a stunning rebuke, gets lectured on human rights and international law in a New York Times Op/Ed by KGB thug Vladimir Putin – the same man who has been supplying Assad with massive amounts of weapons, including the elements to make poison gas. To Jay Carney, this represents a job well done. Unlike the circus clown-car gag, there is nothing remotely funny about the Obama administration's inability to successfully manage our country's foreign policy. In fact, it is a threat to our well-being. As Daniel Henninger of The Wall Street Journal wrote this week: "The world has effectively lost its nominal leader, the U.S. president." If history is our guide, a world devoid of principled American leadership is a very dangerous place. Jim Signorile Managing Editor, The Sovereign Investor P.S. Here are the highlights from the past week … in case you missed a few. Harry Dent's Top Analyst Discovers "90-Day Kinetic Trading Cycles" While the markets continue their eventual collapse to 3,300, Harry Dent's top analyst has discovered a new cycle that he's used to issue recommendations that have already shown readers gains of 51%, 65%, 91%, 140%, 57%, 84% and 113% in our model portfolio. In short, we've developed a new system unlike anything you've ever seen. Full access here. 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One of the first financial research groups to warn investors about the global derivatives crisis is now warning of an even bigger crisis – one so big, it will thrust America into a cataclysmic new economic era! But even as America unravels – and it will do so virtually overnight – there are still ways you could shelter yourself from the coming fallout – even profit from it … and not just in financial terms, but in many other ways as well … To learn more, click here. Own This Currency When the U.S. Dollar Crumbles … As Americans looking at Europe's struggles from across an ocean, it's easy for us to think that the European Union is a disaster waiting to happen, that the euro is little more than a failed experiment in monetary union without fiscal union. But that would be wrong. Read more … | BECOME A SUBSCRIBER | When the next economic crisis hits – will you be prepared? 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