Does anyone else remember Obama's curt response when asked if he was in favor of a global currency? "No, I don't see a need for a global currency. Next question."
Has he been in contact with Geithner lately? When asked by U.S. Rep. Michele Bachmann of Minnesota, "Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested by China and also by Russia?" Geithner replied, "I would, yes." The Federal Reserve Chairman Ben Bernanke sung the same as Geithner. Geithner has pledged to work with his European counterparts on a new framework to govern the global financial sector prior to his participation in the G20 summit on Thursday. Geithner has also said if the dollar doesn't rebound Washington is open to a global reserve currency run by the International Monetary Fund. Doesn't sound like Obama and Geithner are on the same page. They're on the same page alright. One of them just wasn't supposed to spill the beans. Thanks for the heads up. I only hope the American public will use Geithner's verbal slippage to its advantage to help stand for this nation's sovereignty. A global currency may seem like a good idea on the surface but it would hand our monetary policy over to an entity we don't control.
Let's look at the European Union. The European Commission makes it next to impossible for the members of the European Union to fully understand each individual item that it passes with its continuous influx of laws. Sounds reminescent of Obama's stimulus plan. Let's hurry and get it passed before everyone realizes what they've actually okayed. Each sounds like a fantastic way towards a New World Order type of government.
Showing posts with label Bernanke. Show all posts
Showing posts with label Bernanke. Show all posts
Monday, March 30, 2009
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