| Re: Geithner: U.S. Open to China Reserve Currency |
Subject: Re: Geithner: U.S. Open to China Reserve Currency by JrRifleCoach on 2009/3/27 4:14:02 Rep. Michele Bachmann (R-MN) has introduced legislation that would "bar the dollar from being replace by any foreign currency." A statement from Bachmann's website: “Yesterday, during a Financial Services Committee hearing, I asked Secretary Geithner if he would denounce efforts to move towards a global currency and he answered unequivocally that he would," said Bachmann. "And President Obama gave the nation the same assurances. But just a day later, Secretary Geithner has left the option on the table. I want to know which it is. The American people deserve to know." On Monday, Geithner and Bernanke both rejected the idea of a global currency in Congressional testimony. But in remarks to the Council on Foreign Relations yesterday, Geithner indicated he was open to the idea. These guys are in control and CAN'T make up their minds???? |
