Timothy Geithner

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."

Obama's Treasury Secretary nominee, Timothy Geithner Confirmed Despite Failure to Pay Social Security and Medicare Taxes

Barack Obama's Treasury Secretary nominee, Timothy Geithner  --  who did not pay his Social Security and Medicare taxes in 2001-2003  --  is confirmed by Democrat-controlled United States Senate

On Monday, the United States Senate confirmed Timonty Geithner as Secretary of the Treasury -- the 3rd most important member of the President's cabinet -- an individual who did not pay Social Security and Medicare taxes during the time he worked at the International Monetary Fund (IMF) in 2001, 2002, and 2003. Yet, he will be responsible for the agency, the Internal Revenue Service, which collects delinquent taxes from other Americans.

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