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U.S. Backing for World Currency Stuns Markets
The Micro Effect ^ | 03/11/2011 | Staff Writers

Posted on 03/12/2011 12:12:53 PM PST by ex-Texan

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

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.

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.


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government
KEYWORDS: 2committreason; 2killamerica; bastards; bho44; bo; bo44; dollar; economy; fed; geithner; howmanymoretimes; march2011; newworldorder; noaccountability; notaxes4dnc; notaxes4geithner; notaxes4rangel; nwo; obama; traitor; treason; us; worldcurrency
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These NWO Bastards are all the same.

Click the image below if you dare to open your eyes . . .

The Federal Reserve Bank is owned and run by a secret cartel of foreign banks. As a private corporation it is ruled by the profit motive. They profit whether the U.S. economy thrives or flounders. That is why they bribed and threatened members of Congress last year to oppose Ron Paul’s legislation that would have audited the Fed. That legislation had over 320 co-sponsors.

But Paul's effort failed because of cash bribes made by Wall Street to our corrupt Congress. Democrat or Republican -- Most of them are the same: Greedy elitist bastards for the most part. LOL, LOL !

1 posted on 03/12/2011 12:12:55 PM PST by ex-Texan
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To: ex-Texan

He should be arrested and charged with Treason!


2 posted on 03/12/2011 12:15:13 PM PST by screaminsunshine (34 States)
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To: ex-Texan

These Crooks are not projecting the will of the American people! Get rid of them!


3 posted on 03/12/2011 12:16:41 PM PST by Paperdoll ( On the cutting edge)
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To: Quix; stephenjohnbanker; M. Espinola; FromLori; investigateworld; blam; Chunga85; EggsAckley; ...

* Ping!*


4 posted on 03/12/2011 12:16:57 PM PST by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

Someone Smack this guy in the back of the head, his brain is skipping.


5 posted on 03/12/2011 12:17:20 PM PST by dila813
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To: ex-Texan

If they’re truly stunned that this treasonous admin. would express such sentiments, they haven’t been paying attention.


6 posted on 03/12/2011 12:17:57 PM PST by Mr. Mojo
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To: ex-Texan

I could just see Obama yelling “SHUT UP TIM, you’re not supposed to say it out loud!”


7 posted on 03/12/2011 12:18:39 PM PST by marstegreg
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To: ex-Texan

I want to believe Alex Jones is looney horseshit, but these are the times I think he might be right on a handfull of issues.


8 posted on 03/12/2011 12:19:20 PM PST by nerdwithagun (I'd rather go gun to gun then knife to knife.)
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To: screaminsunshine
He should be arrested and charged with Treason!

Agreed.

9 posted on 03/12/2011 12:19:20 PM PST by Desdemona (Join the Mass of Creation Cremation on the day after Thanksgiving - November 25, 2011)
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To: ex-Texan
When U.S. debt is no longer denominated in U.S. dollars; the U.S. will no longer be able to pay its debt by printing more money. IOW, you won't be able to inflate yourselves out of debt. Having the dominant reserve currency, has been worth many trillions of dollars to the U.S. — it's a huge loss. If Bush were still in the Oval Office; the MSM would be screaming about how big a loss it is. It's this century's financial tsunami.
10 posted on 03/12/2011 12:20:19 PM PST by USFRIENDINVICTORIA
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To: ex-Texan
Here it is. The Obama Administration's plan of destroying the dollar to destroy the country.

If my opinion is correct, look for the dollar to be crashed before the general election.

11 posted on 03/12/2011 12:20:57 PM PST by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: ex-Texan

Here come Obama dollars.


12 posted on 03/12/2011 12:21:05 PM PST by ReverendJames (Only A Painter Or A Liberal Can Change Black To White.)
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To: ex-Texan

http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html

The original article...


13 posted on 03/12/2011 12:21:22 PM PST by kajingawd (Humans share 50.6% of their DNA with bananas...most my friends are bananas)
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To: Paperdoll

Article I, Section 8 of the US Constitution assigns responsibility for regulating the value of US money to Congress. IF Congress disagrees with the action of the Treasury Secretary, it (Congress) has plenary power to do something about it.


14 posted on 03/12/2011 12:21:38 PM PST by Cboldt
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To: ex-Texan

America haters.


15 posted on 03/12/2011 12:22:49 PM PST by Brilliant
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To: ex-Texan

Geithners quote is two years old. Where did you dig this up?


16 posted on 03/12/2011 12:23:13 PM PST by the invisib1e hand (Every knife in my back pushes me forward.)
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To: the invisib1e hand
http://info.themicroeffect.com/?p=1643

Date on the news source is March 10, 2011

17 posted on 03/12/2011 12:27:21 PM PST by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan; Quix; stephenjohnbanker

If the Republicans don’t start a recall on Monday, I have no hope at all for this country.


18 posted on 03/12/2011 12:27:45 PM PST by B4Ranch (Do NOT remain seated until this ride comes to a full and complete stop! We're going the wrong way!)
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To: ex-Texan
The Federal Reserve Bank is owned and run by a secret cartel of foreign banks.

It's not much of a secret.

As a private corporation it is ruled by the profit motive.

The government of the US is a private corporation, headquartered in Wash, D.C., which is not a part of the 50 States of America.

19 posted on 03/12/2011 12:28:18 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: ex-Texan

If the dollar is no longer the worlds currency you better have gold, silver, or some other precious metal to trade or be totally able to sustain yourself because that will be the point that tshtf.


20 posted on 03/12/2011 12:29:46 PM PST by CynicalBear
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To: ex-Texan; Alamo-Girl; Amityschild; AngieGal; AnimalLover; Ann de IL; aposiopetic; aragorn; auggy; ..

I realize that folks have considered me the resident totally looney resident FR Kook for more than a decade for warning about just this event . . . and related events to follow, including the injectable chip Mark of the Beast.

However, I take absolutely no pleasure in being confirmed about such things by such news items.

May God have mercy on us all.

INSURE YOU ARE READY TO MEET GOD, FOLKS!

The Japan Quake is hardly the warm-up. It may be the muffled warm-up to the warm-up.

There are claims, of course, that it was a deliberate exotic weapon triggered quake by the same folks bringing us the world currency . . . and that the New Madrid area will be their next target. We shall see.

Regardless . . . the pace of changes and the dramatic nature of the destructive traumas are all increasing.

Folks willfully blind to what’s going on will increasingly be caught with more than their pants down.


21 posted on 03/12/2011 12:32:08 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: ReverendJames

What is the exchange rate of Obama dollars to Schroot bucks?


22 posted on 03/12/2011 12:32:30 PM PST by rickomatic
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To: ex-Texan
Giving power and authority to an Ivy League chickensh*t is like giving whiskey and car keys to a teenage boy. You can predict what is going to happen, the only question is when and how bad.
23 posted on 03/12/2011 12:32:46 PM PST by hinckley buzzard
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To: ex-Texan

This is insane, but not surprising.


24 posted on 03/12/2011 12:33:18 PM PST by rdl6989 (January 20, 2013- The end of an error)
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To: B4Ranch

Won’t happen.

IF it happens, it will be muffled, sabotaged, neutralized well before any effective result.


25 posted on 03/12/2011 12:33:36 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: ex-Texan

Just when you think they can’t hate America any further, they turn it up to 11.


26 posted on 03/12/2011 12:35:44 PM PST by 1010RD (First, Do No Harm)
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To: ex-Texan

It is not stunning to those of us who know that our central bank (the “Federal Reserve”) is more devoted to the cadre of central banks which it is just another member of than to the US.

They are all radical anti-Americans who seek to reduce America to just another country ruled by a global-level central bank.

If that happens, all people of the world will be slaves.


27 posted on 03/12/2011 12:35:56 PM PST by Ghost of Philip Marlowe (Prepare for survival.)
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To: ex-Texan

All you FReepers calling Ron Paul and Alex Jones a kook, what do you say now?


28 posted on 03/12/2011 12:36:43 PM PST by Extremely Extreme Extremist (Luke ScottWalker - The Force Is With You)
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To: ex-Texan

the rest of the world is starting to realize they can only grandstand for socialism if the USA is not socialist


29 posted on 03/12/2011 12:38:02 PM PST by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: ex-Texan
You've been had. March, 2009: Geithner's freudian slip roils FX markets.
30 posted on 03/12/2011 12:38:46 PM PST by the invisib1e hand (Every knife in my back pushes me forward.)
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To: ex-Texan; All
US Treasury Secretary Tim Geithner has the solution for a NWO currency:


31 posted on 03/12/2011 12:40:43 PM PST by Citizen X_Area 51 ( Jimmy Carter: Now available in black!)
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To: ex-Texan
Here's the by-line from the article you posted:

"By Ambrose Evans-Pritchard 6:05PM GMT 25 Mar 2009"

32 posted on 03/12/2011 12:41:43 PM PST by Kolokotronis (Christ is Risen, and you, o death, are annihilated)
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To: ex-Texan

This thread should be fun when the FreeRepublic Federal Reserve Knee-Pad Squad arrives to explain how everything is just fine and under control and you don’t have to worry about anything.


33 posted on 03/12/2011 12:41:52 PM PST by MichiganConservative (Letting Obama supporters vote is like giving a loaded gun to a child with severe mental retardation.)
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To: Quix
>> Regardless . . . the pace of changes and the dramatic nature of the destructive traumas are all increasing.<<

And we ain’t seen nothin yet. The media is going to absolutely apoplectic. Those who watch without knowing prophecy and trusting in God are going to be immobilized in fear.

34 posted on 03/12/2011 12:42:08 PM PST by CynicalBear
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To: ex-Texan
Bloomberg's coverage from March 26, 2009.
35 posted on 03/12/2011 12:42:59 PM PST by the invisib1e hand (Every knife in my back pushes me forward.)
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To: ex-Texan

The bottom line is that Geitner and Obama care much less about doing the right thing for their country than looking good to their fellow elitists.


36 posted on 03/12/2011 12:43:54 PM PST by AdaGray
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To: CynicalBear

INDEED.


37 posted on 03/12/2011 12:43:56 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: nerdwithagun

If Alex Jones is correct, it’s the stopped clock syndrome.


38 posted on 03/12/2011 12:44:47 PM PST by faucetman (Just the facts ma'am, just the facts)
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To: ex-Texan

The New World Order is in charge. I guess this is the outcome because I don’t see anyone fighting it at all.

We have become pathetic pawns.


39 posted on 03/12/2011 12:46:08 PM PST by dforest
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To: ex-Texan

The Fed is not our friend. Keep watching Obama TV because it supports the NWO and supports making you a serf.


40 posted on 03/12/2011 12:46:45 PM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Frantzie

Great leadership, guentner, you tax-cheat loser.


41 posted on 03/12/2011 12:50:42 PM PST by hal ogen (1st amendment or reeducation camp?)
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To: screaminsunshine

these NWO bastards should be shot on sight...


42 posted on 03/12/2011 12:54:09 PM PST by Schwaeky (The Republic--Shall be reorganized into the first American EMPIRE, for a safe and secure Society!)
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To: ReverendJames

Just fundamentally transforing America as promised.


43 posted on 03/12/2011 12:56:41 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: rickomatic

It’s 2:1 if you’re talking Iraqi Kiwi’s.


44 posted on 03/12/2011 12:58:28 PM PST by ReverendJames (Only A Painter Or A Liberal Can Change Black To White.)
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To: ex-Texan

Obama was sent a copy of the exact replica NWO currency.
Obama and Soro’s are all for it and they love chaos to usher it in.

Does someone have the link of Obama getting the new currency I lost it.


45 posted on 03/12/2011 1:01:37 PM PST by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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To: ex-Texan

We should demand to know who the Stockholders are of The Federal Reserve. That list has never been made public since The Fed’s founding.
Now that is something The Paul’s, father and son, could be doing.


46 posted on 03/12/2011 1:01:44 PM PST by Captain Peter Blood (.)
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To: ex-Texan

http://www.freerepublic.com/focus/f-news/2347279/posts

....and a year later....


47 posted on 03/12/2011 1:01:50 PM PST by luv2ndamend (Same party, different letter.)
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To: Georgia Girl 2

I’ve always maintained that America had to be neutralized in some way for Israel to be cut loose on her own. It’s all in prophesy. I’m not some wild eyed bearded fanatic but I do pay attention to what’s happening in the ME. When Israel is about to be destroyed is when Messiah returns to save her.


48 posted on 03/12/2011 1:04:34 PM PST by ReverendJames (Only A Painter Or A Liberal Can Change Black To White.)
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To: ex-Texan
and America takes another one in the........

49 posted on 03/12/2011 1:05:02 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Mr. Mojo
If they’re truly stunned that this treasonous admin. would express such sentiments, they haven’t been paying attention.

It's still an OMG ...

50 posted on 03/12/2011 1:05:50 PM PST by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php - It's only uncivil when someone on the right does it.- Laz)
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