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U.S. Backing for World Currency Stuns Markets
The Micro Effect ^ | 03/11/2011 | Staff Writers

Posted on 03/12/2011 12:12:53 PM PST by ex-Texan

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.

The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. 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.

Mr Geithner later qualified his remarks, insisting that the dollar would remain the “world’s dominant reserve currency … for a long period of time” but the seeds of doubt have been sown.

The markets appear baffled by the confused statements emanating from Washington. President Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar.

“I don’t believe that there is a need for a global currency. The reason the dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” he said.


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government
KEYWORDS: 2committreason; 2killamerica; bastards; bho44; bo; bo44; dollar; economy; fed; geithner; howmanymoretimes; march2011; newworldorder; noaccountability; notaxes4dnc; notaxes4geithner; notaxes4rangel; nwo; obama; traitor; treason; us; worldcurrency
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To: ex-Texan

America, we have a dire situation in DC.


161 posted on 03/12/2011 10:10:36 PM PST by Gene Eric (*** Jesus ***)
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To: arrogantsob

Wasn’t that a James Bond evil power?

Not a great movie watcher.


162 posted on 03/12/2011 10:11:49 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: arrogantsob

Not according to folks involved . . . unless you are including the Mafia as part of the crew ordered by the oligarchy—long in cahoots with them.


163 posted on 03/12/2011 10:12:46 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: arrogantsob

It’s urgency is less though.


164 posted on 03/12/2011 10:20:48 PM PST by Lucius Cornelius Sulla (Liberty and Union, Now and Forever, One and Inseparable -- Daniel Webster)
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To: Quix

It was actually a Soviet organization before Fleming appropriated it.


165 posted on 03/12/2011 10:25:37 PM PST by arrogantsob
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To: Quix

Actually there is lots of evidence that the Outfit was behind the killing. Mafia lawyers have admitted roles in setting it up and remarks by Marcello, Traficante and Giancana admit their involvement. They could all be liars.

Of all those one could suspect of doing the job the Rothschilds are about as far down as one can go. JFK could do nothing unilaterally against the Fed, changes would have to be from the Congress.


166 posted on 03/12/2011 10:29:39 PM PST by arrogantsob
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To: arrogantsob; Quix; M. Espinola; stephenjohnbanker; FromLori; investigateworld
Answers Here for 50 Rad to 1,500 Rads - Or More

But U.S. Mainstream News Media Claim "Everything is Safe" -- They do not even admit there was any leakage . . . Lies all the time lies . . . LOL !

http://e.nikkei.com/e/fr/tnks/Nni20110312D12JFF03.htm


Keeping the Useless Eaters Happy and Well Media Fed . . .


167 posted on 03/12/2011 11:12:19 PM PST by ex-Texan (Ecclesiastes 5:10 - 20)
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To: arrogantsob; Quix; M. Espinola; stephenjohnbanker; FromLori; investigateworld
Japanese Nuclear Accident Could Become World's Second Worse Event - Expert

Take a peek at graphic I posted earlier. It speaks for itself

168 posted on 03/12/2011 11:21:35 PM PST by ex-Texan (Ecclesiastes 5:10 - 20)
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To: the invisib1e hand; ex-Texan

The article is in fact two years old.

It was authored by Ambrose Prichard.

It was an excerpt and gave absolutely no attribution.

Sites “microeffect” frequently plagiarize information that is sensational and do not give attribution.

Someone posted another article a few months back that was a compilation of excerpts from what had been written by others.

The goal is to make them look intelligent, which they are for their deception.

Here is the original article in its entirety:

http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html


169 posted on 03/13/2011 12:28:42 AM PST by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: ex-Texan
The end of territorial sovereignty.

The end of individual sovereignty.

The end of economic sovereignty.

Checkmate.

170 posted on 03/13/2011 1:05:47 AM PST by Crucial
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To: arrogantsob; Quix; M. Espinola; stephenjohnbanker; FromLori; investigateworld
Japanese Govt Confirms Meltdown ~ !

Again, I have been proven to be 100% correct on FR

171 posted on 03/13/2011 5:25:10 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: TopQuark

Good point...I mean obama and his black souled minions.


172 posted on 03/13/2011 6:30:47 AM PDT by pgkdan (Protect and Defend America! End the practice of islam on our shores before it's too late!)
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To: arrogantsob

THX THX.

It was not only the FED that JFK was purportedly set to disclose, greatly alter . . . it was the UFO related technologies and realities, too.

imho, if the Mafia was involved—easily likely—I believe it was as puppets.


173 posted on 03/13/2011 6:48:50 AM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: ex-Texan

THX THX.


174 posted on 03/13/2011 6:50:03 AM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: ex-Texan

MUCH APPRECIATE YOUR FAITHFUL PATRIOTISM AND SIGNIFICANT RISK IN POSTING THE TRUTH . . .

TRUTHS SOME WOULD RATHER STICK THEIR HEADS IN THE SAND ABOUT.


175 posted on 03/13/2011 6:51:23 AM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Quix

The sands get deep and very icky and sticky from bovine squat, blood and vomit


176 posted on 03/13/2011 7:01:46 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

Don’t you just love how the Punk President’s team likes to get news like this on the table when there are huge breaking events elsewhere?


177 posted on 03/13/2011 7:08:12 AM PDT by catfish1957 (Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
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To: B4Ranch
If the Republicans don’t start a recall on Monday, I have no hope at all for this country.

Don't hold your breath. Both parties are in on this. Bush the Elder has been pushing this NWO along with a host of Establishment RINOs.

Hopefully we can flush some more of them down the toilet in 2012 along with more dems.

178 posted on 03/13/2011 7:11:57 AM PDT by Big Bronson
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To: ex-Texan

INDEED.


179 posted on 03/13/2011 7:40:37 AM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Big Bronson

Right you are.

Though I am skeptical that anything will be flushed down the toilet in 2012 besides the people of the world and the Nation.


180 posted on 03/13/2011 7:41:34 AM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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