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."
Congressman King's petition is great beginning to ObamaCare's repeal
July 2, 2010 - 2:08pm — Coalition CommentaryMonths after the worst piece of legislation in American history -- and the most costly piece of legislation estimated to cost upwards of $2.5 trillion -- was passed, the massive effort to repeal Obamacare is growing. Polls show that this highly unpopular piece of socialism is still opposed by the American people as much as it was during the year-long debate and votes in the Democrat-controlled Congress.
A solid majority of Americans want Obamacare repealed. Even the selfish corporations, which gave the final impetus to passing Obamacare by supporting it, are now realizing what a terrible pact with the devil they made to cut out special exemptions for themselves. They are dropping health care plans, increasing health care costs to their employees, and writing off huge expenses due to the imposition of Obamacare on their companies, etc.