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| Fifth Column |
| US Treasury Secretary Geithner Says Washington Is 'Quite Open' To Idea Of A One World Currency |
| 2011-03-13 |
| The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance. "The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation," he said. Mr Geithner later qualified his remarks, insisting that the dollar would remain the "world's dominant reserve currency ... for a long period of time" but the seeds of doubt have been sown. It's almost as if each and every principal member of this administration is doing his/her level best to tear our country down. The markets appear baffled by the confused statements emanating from Washington. President Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar. "I don't believe that there is a need for a global currency. The reason the dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world," he said. And so the need is established for yet another constitutional amendment, forbidding the US government from establishing any foreign currency as a form of legal tender within the US., nor permitting them to back any foreign currency with US government securities. |
| Posted by: Anonymoose |
| #10 The longer it takes, the longer people who are finally catching on will have to prepare. Nevermind the maggots - I hope extend-and-pretend lasts a few more years. 5 would be nice. I plan for 2 or 3. There are two ways to get rich: make more than everyone else, or lose less than everyone else. |
| Posted by: RandomJD 2011-03-13 23:25 |
| #9 No it hasn't. Cuts are going to happen. We've finally canibalized ourselves to the point where its do or die. |
| Posted by: Fi 2011-03-13 23:23 |
| #8 The USD has already been destroyed. The only question is when we return to a non-fiat currency. The longer it takes, the further maggots get to feed on rotting institutions. |
| Posted by: Lover of 1776 2011-03-13 22:10 |
| #7 Of course Tax Cheat Geithner and the pols are all "open" to a one world currency. What a delightful method of finally destroying the worth of the USD and starting over under some new amd improved system. The curremt 40 year (3-4% per annum) inflation scheme will never catch up with their wreckless borrowing. Throwing the entire system out (along with those pesky 401k's and retirement plans) would be a far more immediate cure. Social Justice enacted through the monetary system itself! That's the ticket. |
| Posted by: Besoeker 2011-03-13 22:03 |
| #6 Fine Geithner speaks Chinese but the rest of us don't want to, we like English and being American with our money in our bank accounts. I guarantee if he tries this stunt there will be a revolution and someone will pop a cap in his @#$. |
| Posted by: Fi 2011-03-13 20:41 |
| #5 " As I've asked before, if this administration was the enemy of the American People what would they do different?" If, Hellfish? |
| Posted by: Barbara Skolaut 2011-03-13 20:24 |
| #4 hell, we thought the attacks on freedom of speech were increasing back when they blamed the OK City bombing on Rush Limbaugh. Some people just chose not to notice. |
| Posted by: Thing From Snowy Mountain 2011-03-13 19:07 |
| #3 You will know the day a real enemy of the American people runs Washington -- freedom of speech will be under direct attack. That day has already come. It was known as being PC about things. |
| Posted by: DarthVader 2011-03-13 19:03 |
| #2 They're not a real enemy. They're a conspiracy of maggots. Wherever they see rot, they congregate. Wherever they see vibrant life and strength, they whine and squirm. It's unpleasant to witness maggots -- they highlight the rotting corpses in modern American institutions and laws. You will know the day a real enemy of the American people runs Washington -- freedom of speech will be under direct attack. |
| Posted by: Shereter Poodle9774 2011-03-13 17:37 |
| #1 As I've asked before, if this administration was the enemy of the American People what would they do different? Nothing? |
| Posted by: Hellfish 2011-03-13 17:29 |