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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: 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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