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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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To: ex-Texan
The Federal Reserve Bank is owned and run by a secret cartel of foreign banks.

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...

51 posted on 03/12/2011 1:06:26 PM PST by TopQuark
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To: ex-Texan
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 !

Don't laugh, my friend. You need help --- serious help.

52 posted on 03/12/2011 1:08:29 PM PST by TopQuark
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To: ex-Texan
Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

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:


53 posted on 03/12/2011 1:10:25 PM PST by Errant
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To: 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

Geithner must be run out of office. Today.

54 posted on 03/12/2011 1:11:11 PM PST by TopQuark
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To: screaminsunshine

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!


55 posted on 03/12/2011 1:13:10 PM PST by pgkdan (Protect and Defend America! End the practice of islam on our shores before it's too late!)
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To: faucetman
If Alex Jones is correct, it’s the stopped clock syndrome.

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)

56 posted on 03/12/2011 1:15:12 PM PST by farmguy
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To: ex-Texan

sfl


57 posted on 03/12/2011 1:17:06 PM PST by phockthis
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To: ex-Texan

Since the fed’s evil inception it’s been against the American people’s self interest.


58 posted on 03/12/2011 1:23:06 PM PST by eleni121 ("All Along the Watchtower" Book of Isaiah, Chapter 21, verses 5-9)
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To: Captain Peter Blood; ex-Texan; the invisib1e hand; UCANSEE2; TopQuark
We should demand to know who the Stockholders are of The Federal Reserve.

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.

59 posted on 03/12/2011 1:25:21 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: ex-Texan
Let us have the US TREASURY seize the Federal Reserve Bank of NY

Back to the WE THE PEOPLE

And let the fun begin

60 posted on 03/12/2011 1:28:03 PM PST by jd777
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To: ex-Texan
This is a surprise? Absolutely not.

The entire world will be under a one-world, global economic system run by a one-world dictator and the entire world will be forced to take his mark in the forehead or right hand.

This was prophesied in Scripture and of course it is happening.

No one who knows Scripture should be the slightest bit surprised.

61 posted on 03/12/2011 1:29:28 PM PST by GiovannaNicoletta
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To: screaminsunshine
He should be arrested and charged with Treason!

Nice talk but absolute NO walk. If you think the sheeple are going to do anything to prevent them from slavery you are asmok'in something illegal. They will yap their way to the gulag. Solzhenitsyn saw this & couldn't believe the people would allow it but they did, as they will do here.

62 posted on 03/12/2011 1:29:47 PM PST by Digger ((If RINO is your selection, then failure is your election))
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To: ex-Texan

Selling us down the river. Removing the U.S. dollar as the reserve currency would devastate our economy and our way of life.


63 posted on 03/12/2011 1:31:02 PM PST by FrdmLvr (Death to tyrants)
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To: Extremely Extreme Extremist
All you FReepers calling Ron Paul and Alex Jones a kook, what do you say now?

They all will wake up after it's too late.

64 posted on 03/12/2011 1:33:20 PM PST by Digger ((If RINO is your selection, then failure is your election))
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To: indylindy
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.

WOW! I'm actually getting support of my view. Outstanding.

65 posted on 03/12/2011 1:36:20 PM PST by Digger ((If RINO is your selection, then failure is your election))
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To: Paperdoll

It is like they hate America and her people.


66 posted on 03/12/2011 1:37:10 PM PST by 2001convSVT (That Beck guy was right about gold, too.)
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To: Toddsterpatriot

Wow! Who’d a guessed so much stuff is run by JOOOZ!


67 posted on 03/12/2011 1:39:22 PM PST by jjotto ("Ya could look it up!")
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To: TopQuark

LOL conspiracy theories? The NWO is in the news.Soro’s openly called for it. You can’t make this crap up it is news.


68 posted on 03/12/2011 1:42:37 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

Get these crooks our of DC NOW!!!!!!!!!!!!!!!!!!!!!!!!!


69 posted on 03/12/2011 1:43:48 PM PST by eeevil conservative (GIVE ME A PLACE TO STAND AND I WILL MOVE THE EARTH....Archimedes)
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To: TopQuark

Do you reside in a cave?


70 posted on 03/12/2011 1:45:09 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: Toddsterpatriot
Thank you, Toddsterpatriot. You are a real patriot.

You realize, of course, that you've ruined a nice conspiracy theory? If you are right, those who believed in that theory will now have to read a book instead of spewing defamation.

71 posted on 03/12/2011 1:45:37 PM PST by TopQuark
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What Does Reserve Currency Mean?
http://www.investopedia.com/terms/r/reservecurrency.asp

A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. A large percentage of commodities, such as gold and oil, are usually priced in the reserve currency, causing other countries to hold this currency to pay for these goods. Holding currency reserves, therefore, minimizes exchange rate risk, as the purchasing nation will not have to exchange their currency for the current reserve currency in order to make the purchase.


72 posted on 03/12/2011 1:47:20 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: pgkdan
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!

Quite possible, but we don't know whom you mean by "they."

73 posted on 03/12/2011 1:47:50 PM PST by TopQuark
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks ex-Texan.
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
Global reserve currency and world currency are not the same thing.


74 posted on 03/12/2011 1:48:08 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: jjotto

And most of ‘em are furriners to boot!


75 posted on 03/12/2011 1:48:18 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Digger
All you FReepers calling Ron Paul and Alex Jones a kook, what do you say now?

That Ron Paul is a kook.

76 posted on 03/12/2011 1:49:35 PM PST by TopQuark
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To: TopQuark
You realize, of course, that you've ruined a nice conspiracy theory?

I'm always doing that when I post facts. The conspiracy buffs will be back at it, they can't seem to remember facts very well.

77 posted on 03/12/2011 1:49:59 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: nerdwithagun

Unfortunately... I feel the same way. Alex is kind of hard to swallow at first. He seems to be out of the pages of Weekly World News, but some of the things he says seem to be coming true.


78 posted on 03/12/2011 1:51:40 PM PST by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: Dubya-M-DeesWent2SyriaStupid!
The NWO is in the news.Soro’s openly called for it. You can’t make this crap up it is news.

This well may be true and can be discussed. But that is NOT what you said in your post. What you did say is a bunch of old lies that you have repeated verbatim without having no knowledge of the subject. That's all I said in the previous post. And it still stands.

79 posted on 03/12/2011 1:52:13 PM PST by TopQuark
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To: screaminsunshine

New World Order... The Third Way...
This is just this guy letting this cat out of the bag that it is what 0bama would like to see, no doubt with himself ( 0bama) as King of the World.


80 posted on 03/12/2011 1:53:15 PM PST by celtic gal
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To: TopQuark

http://www.publiceye.org/conspire/flaherty/flaherty5.html

Al-Waleed bin Talal

Citi Bank

OWNS about 6% of Citigroup

http://en.wikipedia.org/wiki/Al-Waleed_bin_Talal#Assets


81 posted on 03/12/2011 1:54:12 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: Dubya-M-DeesWent2SyriaStupid!
Do you reside in a cave?

My residence has nothing to do with the issues discussed. The poster put on a table specific statements, which are entirely false. That is what I said in the previous post.

Please write again when you can contribute to the discussion.

82 posted on 03/12/2011 1:55:45 PM PST by TopQuark
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To: Dubya-M-DeesWent2SyriaStupid!
Al-Waleed bin Talal Citi Bank OWNS about 6% of Citigroup

Yes, he does --- for the last two years. What relevance does it have to the discussion? Or, do you think that merely throwing some links up into the air constitutes an argument?

OK: here is a rebuttal: water is wet, sun is almost completely black (incidentally, did you know that?), people breath... Do you want links to confirm that?

83 posted on 03/12/2011 1:59:33 PM PST by TopQuark
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To: ex-Texan

I pray I live to see the day when the members of 0bama’s treasonous regime are perp-walked to prison!


84 posted on 03/12/2011 2:05:01 PM PST by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: hinckley buzzard
Giving power and authority to an Ivy League chickensh*t is like giving whiskey and car keys to a teenage boy

I don't recall where Volcker got his degrees, but Greenspan got his Ph.D. from NYU. And remember: Volker was the first economist to lead Federal Reserve.

What are you talking about? What does education have to do with the fact that for the past century the American population has become increasingly enamored with the idea of "the world without boundaries?" It's happening, but whether any particular person was graduated by the Ivy League or another institution is not relevant at all.

85 posted on 03/12/2011 2:09:22 PM PST by TopQuark
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To: TopQuark

I believe there is foreign influence in our reserve and government. It may be they own influence in Obama,citi bank
but there is foreign influence.


86 posted on 03/12/2011 2:10:47 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
You got to wonder who was poised to gain when Geithner’s words went over the wire. Many of the Treasury and Fed's actions seem calculated to favor a specific group of investors.
87 posted on 03/12/2011 2:12:16 PM PST by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: ex-Texan

Paging David Icke!


88 posted on 03/12/2011 2:13:32 PM PST by rfp1234 (Le Parti du The'. Ne marchez pas sur moi!)
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To: TopQuark

Post links to prove there is no foreign influence in our currency, reserve or government.


89 posted on 03/12/2011 2:17:23 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: TopQuark
The link you provided says "INSURED U.S.-CHARTERED COMMERCIAL BANKS...". That does not indicate to me that they are owners of the Federal Reserve. If indeed they are owners, how are you coming to that conclusion?
90 posted on 03/12/2011 2:21:13 PM PST by 1_Of_We
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To: Dubya-M-DeesWent2SyriaStupid!
I believe there is foreign influence in our reserve and government. It may be they own influence in Obama,citi bank but there is foreign influence.

You have the absolute right to believe in anything you want. That is not the issue.

Most people, however, try to root their beliefs in facts and logical reasoning. This is becomes even more of a necessity if you try to pursuade other people in the validity of your beliefs. Neither you nor the original poster, however, appear to know even remotely anything about the subject matter.

At the same time what you do say closely corresponds to conspiracy theories of people with an agenda. Thus, as it stands, your beliefs are (i) baseless and (ii) serve those whose goals are other than the truth and well-being of this country.

Once again, I do not question your right to continue holding those beliefs.

91 posted on 03/12/2011 2:21:26 PM PST by TopQuark
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To: 1_Of_We
The link you provided says

You are replying to #83, which contains no links. I did not provide any links on this thread. Perhaps you meant to address your post to someone else?

92 posted on 03/12/2011 2:23:32 PM PST by TopQuark
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To: Dubya-M-DeesWent2SyriaStupid!
Post links to prove there is no foreign influence in our currency, reserve or government.

It don't work like that. You're making the charge, YOU post links supporting your contention instead of asking someone else to post links trying to prove a negative.

93 posted on 03/12/2011 2:23:46 PM PST by HeartlandOfAmerica (Insane, Corrupt Democrats or Stupid, Spinless Republicans - Pick America's poison.)
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To: Toddsterpatriot

i.e. are you claiming that ‘member’ = ‘owner’?


94 posted on 03/12/2011 2:24:38 PM PST by 1_Of_We
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To: Mr. Mojo

Bfl.


95 posted on 03/12/2011 2:25:17 PM PST by GlockThe Vote (Who needs Al Queda to worry about when we have Obama?)
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To: TopQuark

You are correct. I meant to reply to Toddsterpatriot. sry


96 posted on 03/12/2011 2:26:21 PM PST by 1_Of_We
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To: ex-Texan

You have nailed the dirty secret of the Fed Reserve which was and is intentionally kept/hidden from the USA citizens. I have my personal animosity towards the Fed and it’s international cabal which includes the Rothchilds of the world. However my one most bugging thought is that this cabal was behind the asassination of JFK because he dared to have printed about $200,000,000.00 in USA Treasury notes which were to be used in place of Fed Reserve paper money. To those who think this is cloud 10 guessing, I ask them to go learn about the Rothchilds pouring money, including for wars, into international afairs for their own power. Recall that it was the Rothchilds that gave the ambitious Soros the seed money to start his hedge funds out of London. How many US politicians have been bought by cabal money is certainly a question for resolution.


97 posted on 03/12/2011 2:28:50 PM PST by noinfringers2
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To: ex-Texan

You have nailed the dirty secret of the Fed Reserve which was and is intentionally kept/hidden from the USA citizens. I have my personal animosity towards the Fed and it’s international cabal which includes the Rothchilds of the world. However my one most bugging thought is that this cabal was behind the asassination of JFK because he dared to have printed about $200,000,000.00 in USA Treasury notes which were to be used in place of Fed Reserve paper money. To those who think this is cloud 10 guessing, I ask them to go learn about the Rothchilds pouring money, including for wars, into international afairs for their own power. Recall that it was the Rothchilds that gave the ambitious Soros the seed money to start his hedge funds out of London. How many US politicians have been bought by cabal money is certainly a question for resolution.


98 posted on 03/12/2011 2:29:16 PM PST by noinfringers2
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To: DakotaGator; warsaw44; ColdOne; Dubya-M-DeesWent2SyriaStupid!; GQuagmire; wintertime; Fred Nerks; ..
Image and video hosting by TinyPic

Here it is. The 0bama 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.

. . . . Check out article.

99 posted on 03/12/2011 2:32:12 PM PST by LucyT
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To: TopQuark

If there is no foreign influence in our reserve/currency/government than why do they even bother to have the top secret buildaburger world meetings?


100 posted on 03/12/2011 2:34:15 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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