Proving yet again this whole administration is in way over their head.
http://www.ft.com/cms/s/0/7851925a-17a2-11de-8c9d-0000779fd2ac.html
China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
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April 23rd, 2009 at 6:59 am
You should worry about what is good or bad for America, and not just about what is bad for the Obama administration.
The answer is "yes" if China goes off the dollar, it could hurt the US economy, and that means you too.
April 23rd, 2009 at 6:59 am
It was Bush and the GOP that turned the dollar into a joke.
April 23rd, 2009 at 6:59 am
This has been on a lot of people's minds leading up to the G7 summit. Will he grow some b@lls and fight for the American dollar, or will he fold like the ignorant fool he is. I fear the latter.
April 23rd, 2009 at 6:59 am
It was predicted. China has been accumulating dollars and treasuries to gear up for economic terrorism. China has said it before.
Too bad Clinton was president. Clinton created the trade deficit with China by pushing the world to let China into the WTO. Clinton also secretly took money from China according to the FBI. (That is something mainstream media never even dares to talk about)
Why Did Bill Clinton Secretly Take Money From China?
http://answers.yahoo.com/question/index;_ylt=AmKL2..rTwKs.m3zUQZdfMrty6IX;_ylv=3?qid=20090308055903AADvkVw
April 23rd, 2009 at 6:59 am
I don't blame China for wanting to use a different currency, the monetary policy in the US is very inconsistent. It reflects more on the republicans than the democrats, they haven't had enough time to screw it up as much as the Bush administration did.
April 23rd, 2009 at 6:59 am
It's a huge setback for America and will be partly due to the Obama administration if it happens.
April 23rd, 2009 at 6:59 am
China has refused to devalue it's currency to be similiar to US inflation, as President Bush asked.
Our current administration is doing a much better job than the previous adminstration, your links seem to reinforce that.
April 23rd, 2009 at 6:59 am
No it's not a setback, it's exactly what he's working towards. Easier to control the world's population if we're all on one currency
April 23rd, 2009 at 6:59 am
Just another step closer to one world government. Those who control the money contol the world.
April 23rd, 2009 at 6:59 am
Obama probably loves this idea
April 23rd, 2009 at 6:59 am
No. Just another black mark courtesy of the Bush administration. Lets not forget who borrowed trillions from China for the war.
I do appreciate your tenacity with trying to pin everything on this planet on Obama.
April 23rd, 2009 at 6:59 am
It is a direct result of BO spending like a drunken sailor money we don't have. The fed isn't the only one able to calculate that if you destroy a currency with mass inflation you will pay off debt with junk money. More immoral is that they turn the money in our savings accounts and investments to junk, as well.
Write your Rep to support HR 1207 to audit the Fed.
April 23rd, 2009 at 6:59 am
yes and whats worse is they will do what China says most likely
April 23rd, 2009 at 6:59 am
Personally, I think China can shove it… I don't know why we were "borrowing" from them in the first place… their currency is not exactly the strongest of currency either… :/
Handey Randy, If Bush really wanted to rule the world then why didn't he declare Martial Law the handful of times that he could have during his tenure as President?
April 23rd, 2009 at 6:59 am
One has little to do with the other. But it has an eirie ring to it. Bush wanted to rule the world.
April 23rd, 2009 at 6:59 am
It's set back for the world ! With this change ; The strife caused in the effort will be like nothing the world has ever known! Another advance toward the FIRST CENTURY life values
April 23rd, 2009 at 6:59 am
Since BO supports communism to begin with, he'll never have a problem with it regardless of the front he puts up in public.
Remember the comment that the Soviet Union made back in the 1970's:
"We will destory America and never fire the first shot." Thank a liberal!
April 23rd, 2009 at 6:59 am
Oh well isn't that odd.The Old Testament talks about it.Looks like Daniel is starting to come true.
April 23rd, 2009 at 6:59 am
Yes, and it's a bible prophecy.
Just breaking at 9:14 CST (US Time) on http://www.cnbc.com . Very important development. For two thousand years the Bible in Revelations 13 stated a world currency was coming. This is the first major step in that direction, which makes the G-20 meeting that much more important. Mr. Geithner is scheduled to meet with the Council of Foreign Relations today which is a globalist group that has advised every modern President.