U.S. Backing for World Currency Stuns Markets

The Micro Effect ^ | 03/11/2011 | Staff Writers

[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.

[ex-Texan]

US Aircraft Carrier Reportedly Sails into Radioactive Cloud

Excerpt:

Pentagon expected to announce that USS Ronald Reagan and sailors onboard were exposed to a month's worth of radiation in an hour; no signs of ill effects yet.

The US Pentagon was expected to announce that US sailors on the USS Ronald Reagan, an aircraft carrier were exposed to radiation when the carrier sailed into a radioactive cloud off the coast of Japan, according to a New York Times report.

US government officials told the NY Times that sailors and other military personnel onboard were exposed to a month's worth of radiation in an hour's time. They added that US helicopters flying humanitarian missions some 60 miles north of damaged Japanese reactors were coated with particulate radiation. The aircraft were washed off.

The aircraft flying rescue and relief missions in the area are returning to base coated in particulate radiation. The ship was at least 100 miles off the Japanese coast.

Also 60 miles away soldiers getting 1 months radiation in 1 hour. That dose is over 720 times the normal limit !

Clearly radioactive particulates have entered the atmosphere from this event. That is no longer in question.

Note that Chernobyl fallout did reach the US, even though the reactor explosion and cloud was not thrown thousands of feet into the air. While in only small amounts, some radiation it did land in America. Chernobyl is also much further away. Therefore, it is entirely possible to get a dose of RADS from Japan's multiple reactor meltdowns.

Ironically -- A radio station in Charlotte, North Carolina -- WCBN -- Talk 1660 is warning people about increased radiation levels already. That is way back east about 3,000 miles away from the west coast

LOL !

[Quix]

HMMMMMMMMMMM

[Quix]

MUCH APPRECIATE your very clear and sensible elaboration.

THX TONS.

May all fix their minds on God and THEREBY experience His prefect peace in all circumstances.

[TruthConquers]

“There are many on here who recall your imbecilic lies in 2006, 2007 and 2008 such as; ‘there is no housing bubble, or sub-prime bubble’, ‘there won’t be a stock market crash’ and ‘only fools buy gold’. Interesting.... What was the price of gold in 2006, and the current price? Your the fool, paper shill. I bet you will even state there is no inflation now, right putz? “

YOU are so right!!! The Toad is a slimy lying evil poster for all his interference in lying to Freepers all these years. He has never admitted to being a paid shill, but what else could he be? I know I saw posters wondering if they should go into debt to get a degree. Someone encouraged them, telling them, yeah, leverage, it’s good. Evil evil evil, I say. I still hope to this day that Freeper didn’t listen because if they did, they have a lifetime of debt they can not repay, most likely.

[TruthConquers]

WEll, I remember you saying exactly that, todds.

You are a liar.

[Toddsterpatriot]

WEll, I remember you saying exactly that, todds.

Well, all you have to do is prove it you lying liar.

[RegulatorCountry]

you lying liar

Is Lawrence O'Donnell a FReeper?

[RockinRight]

Geithner being an idiot doesn’t mean that Congress would back such a thing...

[TruthConquers]

I just DID, it is called testimony.
I am a WITNESS, I CONFIRM what was posted.

But you ARE the LIAR.

You also don’t answer questions, while you are busy posting them, and you hate gold, and call others commies.

YOU are the LIAR.

[Toddsterpatriot]

I am a WITNESS, I CONFIRM what was posted.

I don't believe you. So show me a post where I made one of the statements you claim I did.

Or I'll continue to call you the liar you are.

I posted over 32,800 replies since 2000. It should be easy for you to find some to prove your claim.

Unless you're a lying sack of s%&t.

[M. Espinola]

Excellent map and data presentation!

[TruthConquers]

Ah, yes, the old, you prove it, after I already did, while you call others names that you should be calling yourself.

OK, 32,800 replies will take two days at least, Liar, and you know it is not easy.

So, MR Toad, YOU prove to me that fromLori is a commie, liar, while I go though 32,800 replies.

Because I know one thing, LIAR, you WON’T, LIAR, AND I WILL, LIAR.

The usual lying deceiving dishonest FED butt kisser that ever lived. Go get Bennie and the InkJets ink all over your lying face, LIAR.

[Toddsterpatriot]

Ah, yes, the old, you prove it, after I already did

You have proved nothing.

So, MR Toad, YOU prove to me that fromLori is a commie

Lori is ignorant when it comes to economics, I doubt she is a commie.

Are you claiming I ever called her a commie?

[TruthConquers]

You will never admit that anyone but yourself proved anything at all.

LIAR.

Getting nervous I will find your posts, toodles?

[Toddsterpatriot]

Are you claiming I ever called her a commie? Or is your testimony a lie?

Getting nervous I will find your posts, toodles?

Knock yourself out, honey.

[TruthConquers]

OH, I will toodles.

And I will post to a long string of people who have been saying that you were the one that tried to hush hush the subprime crisis.

tooldle, doo!

[Toddsterpatriot]

And I will post to a long string of people who have been saying that you were the one that tried to hush hush the subprime crisis.

That would be awesome.

By the way, are you claiming I called Lori a commie? Or did your excellent memory fail you again?

Let me know before you run away. Thanks!

[TruthConquers]

What is it that you call OTHER freepers?

Oh, yeah, was it assclown? Yeah, assclown, awesome it will be.

LIAR!

[Toddsterpatriot]

Running away with your excellent memory? Liar!

[TruthConquers]

I am not running anywhere, I am right where I have been all morning. Except I did go make lunch for my hubby. Don’t you have anything else to do?

You sure are getting nervous, toodle doo.