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| JrRifleCoach | Geithner: U.S. Open to China Reserve Currency | ||
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Elite Guru
 
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Treasury Secretary Timothy Geithner on Wednesday said he is "quite open" to China's suggestion of moving toward a currency system linked to the International Monetary Fund's Strategic Drawing Rights.
Zhou Xiaochuan, China's central bank governor, earlier this month said the world should consider the SDR, a basket of dollars, euros, sterling and yen, as a super-sovereign reserve currency. Geithner, responding to a question, said he hadn't read Zhou's proposal but added, "as I understand it, it's a proposal designed to increase the use of the IMF's Special Drawing Rights. I am actually quite open to that suggestion." However, he said it should be viewed as an "evolutionary building on the current architecture rather than moving us to a global monetary union." Somehow I just can't believe he's telling the whole truth in that last sentence |
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Posted on: 2009/3/26 4:52
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| Eagle223usa | Re: Geithner: U.S. Open to China Reserve Currency | ||
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Guru with Eyes of Steel
 
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GOD help the US. GOD help us!
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Posted on: 2009/3/26 4:54
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God Bless America! |
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| Epimax | Re: Geithner: U.S. Open to China Reserve Currency | ||
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Elite Guru
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Quote:
Amen Brother.. |
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Posted on: 2009/3/26 10:37
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| skirlin | Re: Geithner: U.S. Open to China Reserve Currency | ||
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Senior Guru
 
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I think I read somewhere that God helps those who help themselves .
The Amero soon to replace the US dollar as the money of the North American Union. We won't need border patrols because we won't have any. That smoke you smell is the US constitution going up in flames.  [IMG]http://i296.photobucket.com/albums/mm183/skirlin/DidIdothat.jpg[/IMG] Obamas not totally to blame but he sure hasn't helped the situation any. Pay no attention to the men behind the curtain. |
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Posted on: 2009/3/26 11:35
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There is no point in living if you can't feel alive. |
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| JrRifleCoach | Re: Geithner: U.S. Open to China Reserve Currency | ||
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Elite Guru
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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???? |
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Posted on: 2009/3/27 4:14
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As democracy is perfected, the POTUS represents more closely the inner soul of the people. On some great and glorious day, the folks of the land will reach their heart's desire at last and the White House will be occupied by a fool and narcissistic moron. |
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| BrianCunningham | Re: Geithner: U.S. Open to China Reserve Currency | ||
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Senior Guru
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Quote:
OMG LOL |
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Posted on: 2009/3/27 15:11
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Polo Green 95 LT1 6-spd http://mysite.verizon.net/vzevcp74/ 383 LT1/Vortech Supercharger/AFR heads/Rod end suspension/Penske-Hardbar dual rate coilovers/Wilwood 6pot brakes NCCC Governor: http://BayStateCorvetteClub.com |
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| red_johnny | Re: Geithner: U.S. Open to China Reserve Currency | ||
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On Sabbatical
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Sad...so sad.
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Posted on: 2009/3/27 20:17
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