Skip to comments.U.S. Backing for World Currency Stuns Markets
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 worlds 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 dont 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.
Great leadership, guentner, you tax-cheat loser.
these NWO bastards should be shot on sight...
Just fundamentally transforing America as promised.
It’s 2:1 if you’re talking Iraqi Kiwi’s.
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.
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.
....and a year later....
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.
It's still an OMG ...
That's a lie. Every bank in New York, for insance, buys a part of the Fed upon formation.
As a private corporation it is ruled by the profit motive.
That's a lie. Individual banks that own the Fed constitute a minority of the Board.
They profit whether the U.S. economy thrives or flounders.
That's a lie.
Since 1940s, the Fed returned 97% of its profits to the U.S. Treasury.
I understand that you are completely ignorant and know apparently nothing of what you are talking about. The question is, why do oyu repeat someone else's lies, why are you spewing the conspiracy theories nonsense?
Go to the movies, chill out, read a book...
Don't laugh, my friend. You need help --- serious help.
I'm alright with that if we modify the plan a little:
Washington is quite open to Chinese proposals for the gradual development of a global reserve currency
run by the International Monetary Fund.
And with the guarantee that American citizens may redeem their dollars for the current spot value of these:
Geithner must be run out of office. Today.
These bastards won’t be happy until we’re ALL impoverished. There’s no end to their duplicity...they are the enemy of the American people!
It's like the crazy guy by the side of the road cussing and hollering at everyone that drives by. Eventually, someone drives by that really deserves a good cussing. (Alex is the cusser, not the cussee)
Since the fed’s evil inception it’s been against the American people’s self interest.
Here is the list of large US chartered commercial banks.
Those with the following abbreviations under the charter column,
NAT=Nationally chartered member bank
SMB=State-chartered member bank
are members of the Federal Reserve.
Those with "SNM=State-chartered nonmember bank"
in the charter column are not members of the Federal Reserve.
Please don't tell anyone that I spilled this top secret list.
Back to the WE THE PEOPLE
And let the fun begin