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Bachmann Bill Would Ban Global Currency
The Hill ^ | 03-26-09 | MNnice

Posted on 03/26/2009 1:36:00 PM PDT by MNnice

Rep. Michele Bachmann (R-MN) has introduced legislation that would "bar the dollar from being replaced by any foreign currency."

(Excerpt) Read more at briefingroom.thehill.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: 111th; bachmann; globalism
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To: Big_Monkey

It’s already happening. I watched a factory in Vietnam last year setting up shipment of 200+ containers to the worlds largest retailer and demand payment in Euro’s. Since this was an item the sells very well the retailer was over a barrel and had no choice but to comply or piss off many hard won customers.

So the fact that I think she is great and this makes a nice patriotic statement, all it is, is just that.

If I have something you want and want to be paid only in Indian sacred cow dung for you to receive shipment...then you need to start bagging it up.


21 posted on 03/26/2009 2:09:37 PM PDT by BubbaJunebug (s)
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To: MNnice

To save you the trip:

Rep. Michele Bachmann (R-MN) has introduced legislation that would “bar the dollar from being replace by any foreign currency.” A statement from Bachmann’s website:

“Yesterday, 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,” said Bachmann. “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.”

On Monday, Geithner and Bernanke both rejected the idea of a global currency in Congressional testimony. But in remarks to the Council on Foreign Relations yesterday, Geithner indicated he was open to the idea.


22 posted on 03/26/2009 2:10:09 PM PDT by MNnice
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To: MNnice

Hhhhhheeeeeeeyyyyyyyyyy, how about Mechele and Sarah on the ticket????


23 posted on 03/26/2009 2:11:26 PM PDT by RetiredArmy (Destruction of the US Economy: Obama's Global War on Prosperity!!!)
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To: BubbaJunebug
"So the fact that I think she is great and this makes a nice patriotic statement, all it is, is just that.

I've looked for the actually copy the proposed bill, but can't find it. I'm not quite sure what exactly she's trying to accomplish here. The US Code already expressly forbids the Dollar from being replaced by a foreign currency.

And, a US law would have absolutely NO IMPACT or authority to direct the IMF to do anything.

24 posted on 03/26/2009 2:14:46 PM PDT by Big_Monkey
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To: JasonC

One gets rid of SDRs (a creation of the Carter-era IMF) by defending the IMF, which — just by the way — has been exceeding its original Bretton Woods brief for decades, and wasting great stacks of money into the bargain.


25 posted on 03/26/2009 2:24:53 PM PDT by SAJ
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To: JasonC
Should read 'defunding, not 'defending'. Sorry.
26 posted on 03/26/2009 2:25:33 PM PDT by SAJ
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To: MNnice
She is the only one Qualified to wear the flag pin in the house.
27 posted on 03/26/2009 2:30:35 PM PDT by Cheetahcat (Osamabama the Wright kind of Racist!)
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To: ZULU

Thanks for the heads-up on her being on hannity tmw


28 posted on 03/26/2009 2:38:21 PM PDT by Canedawg (Conservatism is the antidote to tyranny- M. Levin)
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To: MNnice

How is her bill going to stop the world’s other ~197 countries from replacing the dollars that they are holding with other currencies? (Or stop them from adopting a global currency, for that matter?)


29 posted on 03/26/2009 2:49:16 PM PDT by Tolerance Sucks Rocks (Barack Obama: in your guts, you know he's nuts!)
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To: stevie_d_64

The GOP is a bunch of elitist, go-along-to-get-along wussies. I’m pretty sure that I’ll be a registered Independent soon.


30 posted on 03/26/2009 2:51:35 PM PDT by Tolerance Sucks Rocks (Barack Obama: in your guts, you know he's nuts!)
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To: YellowRoseofTx

Geez, I always said the only woman I could vote for was Ms. Thatcher, but I have to admit, These two ladies could convince me otherwise!

The more of them I see, the more I like them both.


31 posted on 03/26/2009 2:56:10 PM PDT by devistate one four (Cw II on the way! Stand by. TET68)
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To: MNnice
I got your global currency right here...


32 posted on 03/26/2009 2:58:42 PM PDT by xp38
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To: MNnice

We need 300 more just like her!

She is my hero today. A bright spot on the bleak horizon of
American economics!

Thank you Ms.Bachmann!


33 posted on 03/26/2009 3:02:23 PM PDT by luvie (Zero is dumb as a rock)
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To: YellowRoseofTx

I could go for that ticket! Or vice-versa even!


34 posted on 03/26/2009 3:04:03 PM PDT by luvie (Zero is dumb as a rock)
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To: GBA
Minnesota is lucky to have her, as is the rest of the country, for the good work she does.

Indeed we are. It's astounding that one state could produce both Michele and Al Frankenweenie.

35 posted on 03/26/2009 3:05:34 PM PDT by Marathoner (The dream: 1-20-2013, hearing "I, Sarah Heath Palin, do solemnly swear...")
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To: GBA
"Minnesota is lucky to have her, as is the rest of the country, for the good work she does."

And because she's from MN, it will be a battle royale every two years for her to keep her seat.

The Minnesota media and state Democrats (now there's a redundancy) have done everything but try to institutionalize her for what they see as criminal insanity.

But that could be their next move.

36 posted on 03/26/2009 3:12:29 PM PDT by daler
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To: SAJ
SDRs were created in 1969, under Nixon, as a way of trying to postpone the demise of the dollar-exchange standard and the closing of the gold window. Not by Carter. And no, the IMF isn't wasting great stacks of anything. All the capital ever forwarded to it is still there with interest, it hasn't lost a dime, net. Banking is a profitable enterprise, not a cost.
37 posted on 03/26/2009 5:39:34 PM PDT by JasonC
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To: SAJ
Oh, and the IMF is not a US creature. If we cashed in all out assets there, the Chinese could replace them with about 6 months interest on their dollar holdings. If they want to hold something other than dollars, they will. Not a damn thing you or I can do about it. But then, it isn't in our interests to fight them over it, either, nor in theirs to trash the dollar. Since they own 2 trillion of them.
38 posted on 03/26/2009 5:42:44 PM PDT by JasonC
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To: MNnice

Think how pissed off the Germans will be when she bans beer halls.


39 posted on 03/26/2009 5:43:04 PM PDT by Nick Danger (Never mind gold. Stockpile lead and brass.)
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To: Big_Monkey

Geithner is an idiot.

His keeper (Obama) is a communist.

What they are proposing is to have the Federal Government interfer with the operations of the free market by regualting private business risks for companies which are not receiving federal bailout money which is socialism.

The other thing they are proposing is the elimination of the American dollar and its replacement by an international currency which borders on treason.

Are you sure you are on the right forum??


40 posted on 03/26/2009 6:27:49 PM PDT by ZULU (Obamanation of Desolation is President. Non nobis, non nobis Domine, sed nomini tuo da gloriam.)
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