oh f-ing great. what we need is the UN Fed doing monetary policy! Oh great, since Zimbabwe is in charge of the UN Commission on Substainable Development, would it not make sense to put them in charge of the Global Currency!
another bad idea.
Once again, Geithner proves he is as cxlueless as they come!!
Will we be silent still?
Imagine the fun we could have if we got rid of all our pesky liberties and rights!
(I cleaned up what I really wanted to post.)
From the Sino-Russian Joint Statement of April 23, 1997:
"The two sides [China and Russia] shall, in the spirit of partnership, strive to promote the multipolarization of the world and the establishment of a new international order."
http://www.atimes.com/atimes/Central_Asia/HI29Ag01.html
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War Games: Russia, China Grow Alliance
September 23, 2005
In foreign policy it’s critical to “know thine enemy.” So American policymakers should be aware that Russia and China are inching closer to identifying a common enemy — the United States.
The two would-be superpowers held unprecedented joint military exercises Aug. 18-25. Soothingly named “Peace Mission 2005,” the drills took place on the Shandong peninsula on the Yellow Sea, and included nearly 10,000 troops. Russian long-range bombers, the army, navy, air force, marine, airborne and logistics units from both countries were also involved.
Moscow and Beijing claim the maneuvers were aimed at combating terrorism, extremism and separatism (the last a veiled reference to Taiwan), but it’s clear they were an attempt to counter-balance American military might.
Joint war games are a logical outcome of the Sino-Russian Friendship and Cooperation Treaty signed in 2001, and reflect the shared worldview and growing economic ties between the two Eastern Hemisphere giants. As the Pravda.ru Web site announced, “the reconciliation between China and Russia has been driven in part by mutual unease at U.S. power and a fear of Islamic extremism in Central Asia.”
http://www.heritage.org/Press/Commentary/ed092605a.cfm
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Russia, China flex muscles in joint war games
Reuters: Aug 17, 2007
CHEBARKUL, Russia (Reuters) - Russia and China staged their biggest joint exercises on Friday but denied this show of military prowess could lead to the formation of a counterweight to NATO.
"Today's exercises are another step towards strengthening the relations between our countries, a step towards strengthening international peace and security, and first and foremost, the security of our peoples," Putin said.
Fighter jets swooped overhead, commandos jumped from helicopters on to rooftops and the boom of artillery shells shook the firing range in Russia's Ural mountains as two of the largest armies in the world were put through their paces.
The exercises take place against a backdrop of mounting rivalry between the West, and Russia and China for influence over Central Asia, a strategic region that has huge oil, gas and mineral resources.
Russia's growing assertiveness is also causing jitters in the West. Putin announced at the firing range that Russia was resuming Soviet-era sorties by its strategic bomber aircraft near NATO airspace.
http://in.reuters.com/article/worldNews/idINIndia-29030120070817?pageNumber=1&virtualBrandChannel=0
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From National Public Radio (NPR):
August 29, 2006
"Venezuelan President Hugo Chavez has been visiting countries such as China, Iran and Russia as part of an effort to build a 'strategic alliance' of interests not beholden to the United States. He considers the United States his arch enemy.":
http://www.npr.org/templates/story/story.php?storyId=5729764
I think I’m going to be sick. It’s like waking up on another planet and not being able to get your bearings.
The List, ping
“The only thing concrete I saw was expanding the use of the [special drawing rights],” Geithner said. “Anything he’s thinking about deserves some consideration.” The continued use of the dollar as a reserve currency, he added, “depends..on how effective we are in the United States...at getting our fiscal system back to the point where people judge it as sustainable over time.”
WHAT????? What “people” is he talking about??
Geithner - shut up and get back to work. Until you fix the economy, we don’t wanna hear another peep outta you!
Ping for this needs to be pinged to everyone
http://www.marketwatch.com/news/story/Dollar-pares-losses-after-Geithner/story.aspx?guid={4723ECE5-834D-4110-88CD-0E4A950E0B38}&dist=hplatest
CURRENCIES
Dollar pares losses after Geithner clarifies comments
By Lisa Twaronite, Polya Lesova & William L. Watts, MarketWatch
Last update: 1:32 p.m. EDT March 25, 2009Comments: 26
SAN FRANCISCO (MarketWatch) — The U.S. dollar pared its losses against other major currencies Wednesday after Treasury Secretary Timothy Geithner clarified his earlier comments, saying that the dollar remains the world’s reserve currency.
Geithner said Wednesday the U.S. dollar remains the main global reserve currency and he does not see a change in that status in the foreseeable future.
Earlier this week, People’s Bank of China Gov. Zhou Xiaochuan called for a new international reserve currency to replace the dollar.
Zhou suggested that the International Monetary Fund’s Special Drawing Right (SDR) should be given a greater role...
Well, now that we have pretty much become a one party government anyway, why not? With all these new Czars in their White House castle, who can say and do what ever they like, and with no Constitutional legal authority to answer to, the sky is the limit. (For the time being)
Failed UK Bond Auction - dollar sinks on Geithner remarks
"The dollar mostly recovered from a plunge early Wednesday as the Treasury Secretary Timothy F. Geithner said in remarks before the Council on Foreign Relations that U.S. unit would remain the world’s ‘‘dominant reserve currency’’ for a long time, The Associated Press reported from New York."
"Brian Dolan, a currency strategist at Forex.com, attributed the dollar’s collapse earlier to Geithner saying that Washington was ‘‘quite open’’ to an increase in the use of the IMF’s ‘‘Special Drawing Rights’’ — a basket of currencies made up of the euro, yen, pound and dollar — in response to a question about a recent essay by Zhou Xiaochuan, the head of China’s central bank."
Geithner proves he is as clueless as teleprompter boy.
Our country is toast with these socialist appeasement monkeys in charge.
In our Constitution we the citizens have the right to overthrow our government. What’s stopping us?
“Ever Generation needs a new revolution.”
-Thomas Jefferson
Oh that’s right the government is stopping us.