Say no, Treasury Secretary Geithner, to giving up on American dollar for a global currency
An upcoming young leader in the United States House of Representatives, second-term Congresswoman Michele Bachmann, a Republican from Minnesota, has introduced a bill which would ban global currency.
It is beyond comprehension that Barack Obama's Treasury Secretary actually left the option of ditching the American dollar as the anchor of the global monetary system and adopting a global currency.
The United Kingdom's "Telegraph" said that "US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is 'quite open' to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund."
Obama's Treasury Secretary has now caused two mini-stock market crashes during Obama's presidency with his inappropriate remarks. Undoubtedly, Geithner was trying to gain some favor with the radical internationalists at the Council of Foreign Relations during his appearance before them last week.
The "Telegraph" also reported that the dollar plunged instantly against the euro, yen, and sterling "as Geithner's comments flashed across trading screens all over the world. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance. 'The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation,' he said."
What is it about the Democrat Party and their left-wing leaders being so attracted to international solutions to every problem, if not some of them being attracted to one-world government?
Congresswoman Bachman said regarding Treasury Secretary Timothy Geithner's attraction to a one world currency: "Yesterday (March 25), 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. 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."
Last Wednesday, Congresswoman Michele Bachmann introduced legislation that would "bar the dollar from being replaced by any foreign currency." Her H.J.Res.41 proposes an amendment to the Constitution of the United States to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency by an entity other than the United States."
Within just 6 days of the introduction of her legislation, Congresswoman Bachmann has 31 co-sponsors. It is doubtful that either Obama or Geithner will be successful in ditching the American dollar. Americans will not allow them to do so.