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is anybody else getting seriously concerned about geithner's comments about the one world currency at the same time that the administration is proposing even broader powers for the treasury secretary? i was concerned that the treasury secretary was given such broad powers in the bailout bill!
quote:
Geithner Confirms China Confidential Report that US is Open to New World Currency, Sending Dollar Down; Currency Rebounds After Affirmation
On Monday, China Confidential reported that the Obama administration is receptive to China's call for the creation of a new international reserve currency--an end to dollar dominance.
This morning, Treasury Secretary Timothy Geithner said China’s suggestion “deserves some consideration."
The dollar plunged in trading but rebounded after Geithner affirmed its importance in remarks before the Council on Foreign Relations. (Times story)
POSTSCRIPT: China Confidential has learned that billionaire investor George Soros was involved in arranging for Geithner to address the CFR.
George Soros was involved in arranging for Geithner to address the CFR.
Because we all know the Council on Foreign Relations wouldnt let the US Treasury Secretary speak to them unless George Soros OK'd it...I mean it's not like he's that important to them!..LOL
is anybody else getting seriously concerned about geithner's comments about the one world currency at the same time that the administration is proposing even broader powers for the treasury secretary? i was concerned that the treasury secretary was given such broad powers in the bailout bill!
quote:
Geithner Confirms China Confidential Report that US is Open to New World Currency, Sending Dollar Down; Currency Rebounds After Affirmation
On Monday, China Confidential reported that the Obama administration is receptive to China's call for the creation of a new international reserve currency--an end to dollar dominance.
This morning, Treasury Secretary Timothy Geithner said China’s suggestion “deserves some consideration."
The dollar plunged in trading but rebounded after Geithner affirmed its importance in remarks before the Council on Foreign Relations. (Times story)
POSTSCRIPT: China Confidential has learned that billionaire investor George Soros was involved in arranging for Geithner to address the CFR.
That's from a blog. Do you have a legitimate news source?
if geithner was granted the unlimited powers that the administration is requesting, he certainly would have some say about it......
i understand that our government cannot push china around due to the fact that they have a huge debt to china (due to the actions of the government with NAFTA) we are on a slippery slope and as our debt increases our freedoms will decrease. we are falling off an economic cliff right now!
George Soros was involved in arranging for Geithner to address the CFR.
Because we all know the Council on Foreign Relations wouldnt let the US Treasury Secretary speak to them unless George Soros OK'd it...I mean it's not like he's that important to them!..LOL
Kook alert!
you might want to do a little research into george soros and his role in currency collapse. here is a start:
Actually as S of the UST he has quite a bit to say about it, and he knows how international money flows. It's not a "because I say so" sort of thing if that's what you mean.
Prompted by the moderator to clarify his position, Geithner said: "The dollar remains the world's dominant reserve currency and I think that's likely to continue for a long period of time."
***
"I want to say this very clearly, a strong dollar is in America's interest. We are going to make sure to pursue policies that improve the long-term fundamentals of the U.S. economy," he said. Geithner also said there was "no evidence" foreign investors were losing interest in buy[ing] U.S. debt.
***
Senior Obama adviser Paul Volcker also said on Wednesday a Chinese suggestion to move toward a world currency system linked to the IMF's SDRs was not practical.
"I understand restiveness about the lopsided nature of the present international monetary system that's so dependent on the dollar," Volcker said.
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