What happened in Boao, China this week tells us a lot about the state of our country and President Obama’s leadership. China, India, Russia, and Brazil are calling for a new international reserve currency that provides more “stability and certainty.”

This was an assault on the dollar and an indictment of the White House’s failure to deal with the slide of the greenback. As global players planned their new world order, President Obama headed to Chicago to campaign for reelection.