Posted on 12/01/2009 2:57:59 PM PST by ConservativeMind
The appointment of a Secretary of the Treasury is just that, an appointment to a position which is NOT a cabinet position in any administration. The S.o.T. is the [governor] appointed to the World Bank, International Monetary Fund (IMF). He is not an officer of the United States, is not a cabinet member and does not represent the interests of the United States. His position is as liaison between the federal government and the IMF. His obligation is to the IMF, not to the United States. The secretary of the Treasury is not sworn into office as cabinet members are, and take no oaths to the United States.
Just today, the subcommittee hearings on AIG and how the bailouts had been constructed, were held. Repeatedly, Geithner uses the term your government when responding to questions from committee members. He never says our government or the government. Geithner uses the term your government to distinguish himself as an employee of the IMF/World Bank, and to make clear that he is NOT a cabinet member working on behalf of the US government. Geithner repeatedly alludes to the central bank which is neither a US agency or organization but rather a privately owned and regulated banking cartel.
How many of you sitting out there actually believe there is a US bank account somewhere in this country containing tax deposits from workers, and funds generated by all the businesses the federal government unconstitutionally engages in, or any of the other contrived sources of income that comprise the revenues of the federal government?
I have news for you; there isnt any such account. All funds collected including our tax dollars are deposited in the World Bank and administered by the International Monetary Fund.
(Excerpt) Read more at ppjg.wordpress.com ...
Does anyone else have more on this complicated interrelationship?
What spawned my search was this article from a respected IT website out of England.
http://www.theinquirer.net/inquirer/opinion/1563620/happy-thanksgiving-america
HUH!
Honestly, I’m floored by this revelation. I need to do some research of my own now.
Thanks!
bump
Truly bizarre!
Absolute, total, ridiculous nonsense.
Nonsense. You might as well say our Ambassador to the UN isn't a US official.
For the record, Geithner did have a swearing-in ceremony.
Whether he's going to keep his oath to the Constitution is another matter.
I hate to say it, but this is the legal code that covers our Treasury Secretary NOT being paid by the US:
http://www4.law.cornell.edu/uscode/22/286a.html
Straight from Cornell Law School archives.
Somebody better tell the Constitution, it’s got the Treasury Secretary 5th in the Presidential line of Succession. :-)
It scares me how ignorant some people are, and how these ignorant people can get a lot of other people to believe what they say.
The Treasury Secretary is a cabinet official, one of the oldest cabinet officials (which is why the position is 5th in succession). Alexander Hamilton was the first Treasury Secretary, under George Washington.
My guess is that Geithner says “your government” because he is just as embarrased as the rest of us about what Obama is doing.
Alexander Hamilton would be very surprised to hear that this is the case. The Secretary of the Treasury was, in his day, an officer of the United States. Remains true today.
bookmark
To add to the confusion, from the US Treasury website, it states the Treasury Secretary does take the same oath other cabinet officials say, and that he is paid from the General Fund.
http://www.ustreas.gov/education/faq/treasury/officials.shtml#2
>> this is the legal code that covers our Treasury Secretary NOT being paid by the US <<
It’s nothing of the kind. Read it and you’ll see.
Period. Full stop. End of story.
Key phrase, "for services as a Governor ..."
Presumably Geithner gets money from the US for what he does with the rest of his time.
Or do you think he gets nothing from Uncle Sam for holding such a high office?
Then again, maybe the government is garnishing his salary until he pays off all those back taxes ...
Guys, I have been able to find that the US Treasury Secretary does take the same oath the other Cabinet officers do, and that he receives a salary from the US General Fund as the US Governor of the IMF (but, strangely, NOT from the US in so doing); however, it also appears he is not precluded from receiving additional monies as US Treasury Secretary.
Some of this refutes the original two articles I posted. This new information is available in these two links posted elsewhere in this thread:
Stated Oath and Payment for Treasury Secretary From General Fund:
http://www.ustreas.gov/education/faq/treasury/officials.shtml
Additional salary NOT from the US government but, strangely, from the US government’s “Fund:”
http://www4.law.cornell.edu/uscode/22/usc_sec_22_00000286-—a000-.html
Here’s some further food for thought: Permanently get rid of the Treasury Secretary position.
Secretary of the treasury is one of the original cabinet posts and remains so. It dates to George Washington, whose secretary of the treasury was Alexander Hamilton - a century and a half before the world bank (formed after WW I) or the IMF (formed after WW II) existed.
The treasury's funds are deposited at the federal reserve, not the world bank or IMF. The US has a modest SDR account at the IMF and is a creditor to both it and the world bank, but all of the transactions accounts of the treasury are handled by the Fed.
This post is yet another example of the general proposition that populist finance-haters will believe and spread any lie imaginable if it defames the US government and American capitalism. This isn't new. It has been the sport of wild idiotic conspiracy theories for decades, and in some forms dates back to Jackson's presidency - but you will notice democrats have usually been behind peddling it.
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