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 worlds 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 dont 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, myself and numerous others who warned of the inevitable crash for 2008, were proven correct, the disgusting slimy Toadster shill for the crooked banksters and his rodent-like copy cat cohorts were proven totally wrong, and are still wrong, but they have no shame and likely no soul either to keep up their lies, which at this point is beyond silly, considering only a totally uniformed moronic schlep would buy into anything the Toadster rants on about.
Toadster, if your contemplating going after me, please make my day mfer.
Schumckington, how much gold and silver did you purchase when prices were dirt cheap? LOL!!
Maybe you can help the other liar by proving your claim? Liar!
What’s really sick, and incomprehensible, is the creeping swamp thing who was always shilling, trying to deceive everyone for his disreputable bankster pals, got shafted himself, since he bought into the to their ‘paper’ con jobs :) He got what he dishes out.
Keep America nice and clean and eat some mosquitoes & gnats, maybe then you will not look so revoltingly upset.
I never in my whole life have I run into someone with no shame at all.
Walking and name calling everywhere he goes. Lying and asking questions, when he knows he has a point to make, he just wants to look reasonable at first. Then he will call you an assclown, say your running away. Amazing hubris, no humility, doesn’t even know the meaning of “Pride goes before a fall”. I wonder how much he gets paid, lying schmuck. He must love all the harm done to others while profiting from the ponzi scheme.
He also laughed about getting a cheap house after the market fell in 2008.
I doubt he has clear title to it.
Prove it, liar.
You keep yacking instead of reposting my so called lies. That's a shock.
Hardly, assclowny.
You didn’t even answer my question yesterday,
“How is debt slavery capitalism?”
Or for your small mind that can’t answer such a clear question:
“Explain how the growing debt that becomes unsustainable, has ANYTING to do with CAPITALISM?”
Let’s see you answer that. You didn’t yesterday, toodles.
For someone who doesn’t answer questions, you are a crackup!
Maybe you have Alzheimer's? Because your memory sucks.
Look in the mirror and just speak.
Here is the link, Toady:
The Economy is Fine !!!!!!Jan 2008!!!!!!
http://www.freerepublic.com/focus/f-news/1961366/posts
“With housing so weak, the recent softness in production and durable goods orders is understandable. But housing is now a small share of GDP (4.5%). And it has fallen so much already that it is highly unlikely to drive the economy into recession all by itself.”
Toadies own thread and his first post on that thread:
“But I heard we’re doooomed!”
And Toady, I know you won’t be man enough to admit it!!
Excellent! A real link.
Toadies own thread and his first post on that thread:
But I heard were doooomed!
Excellent! But the claims were in M. Espinola's post #232
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'.
I didn't see where I said any of that in that post. Try again?
But honest officer I didn’t do it!!
LIAR
Lie and lie and lie some more.
Like I said, you aren’t man enough to admit it.
You are a despicable human being.
Ruan away now you ignorant assclown.
Be sure to ping me when you find some real proof. Liar.
Lying eunuch scum.
I’m sorry your memory is failing you. Good luck with that.
LOLOLOLOLOL!!!!!!
Fears about Lehman CDS Deadline Overstated
http://209.157.64.201/focus/f-news/2111754/posts
Toadies post: Not doomed?
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