John Ransom

But at three o’clock in the morning, a forgotten package has the same tragic importance as a death sentence, and the cure doesn’t work—and in a real dark night of the soul it is always three o’clock in the morning, day after day. -- F. Scott Fitzgerald

It’s 3 am all around the world today.

And it has been for six years, even as some are just waking up to that fact.

As the Obama administration tries to tell the rest of us “All is well, remain calm, there is no new Cold War,” I’m wondering if Obama will try to overturn the Russian election in the Crimea with his phone and his pen.

Personally, I think it would be easier to do it with a United States army group and—who knows?—that may be what it comes to.

If you missed it, 99.999 percent of voters in the Crimea voted over the weekend to return to the warm embrace and sourdough breasts of the Great Patriotic Mother, Russia, eschewing the relative freedom of sovereignty within the Ukrainian federal system.

UN monitors said is was a free and fair election noting that Crimeans also voted for Kim Jong Un, the Ayatollah –any Ayatollah will do-- and Chairman Mao.

The Crimea has gone from freedom to FreeDoom overnight under the newest czarish majesty, Putin the Great.

But there is no new Cold War says the administration.

And if like your wars hot, you can keep them hot.

Because no less a figure than the head of the new state TV outlet recently reminded the whole world that because of 8,500 nuclear warheads more or less with Cyrillic stencils on them, Russia can do pretty much what it wants.

Russia, said Dmitry Kiselyov, is "the only country in the world capable of turning the USA into radioactive dust." This is the guy picked by the Kremlin-- and yeah Kremlin still means fortress in Russian-- to head state run media.

So, maybe Obama’s right. Maybe there will be no new cold war. Because the war Kiselyov described sounds pretty darn hot.

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable