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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: TruthConquers

Keep looking for your proof. LOL!


321 posted on 03/16/2011 1:41:46 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: TruthConquers
Careful now, the boy is going to go potty mouth on ya!

For some reason he he reminds me of the obnoxious grad student who always thinks he is the 'smartest-guy'* in the room.

Usually of Asian background.

Does he know that Ted Kennedy was a free trader too?

*, Who Never gets Lucky Wink wink ;^)

322 posted on 03/16/2011 3:23:59 PM PDT by investigateworld (Free Traders don't need guns 'cause they know The Peoples Republic of China are their friends)
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To: investigateworld

LOL, I know what you mean.

Yeah, Mr Smarty with a smart mouth.
I can’t imagine what his personal life is like.
I can’t picture a wife at all, either.
Yeah, struggling grad know it all student, with a Teddy streak. ;)

Thanks!


323 posted on 03/16/2011 3:31:06 PM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: investigateworld
For some reason he he reminds me of the obnoxious grad student who always thinks he is the 'smartest-guy'* in the room.

Hey, look who finally found his set of stones. Did your wife let you borrow them for the evening so you could offer us some of the same less-than-useless opinions you've made us suffer through for years? Are you just another illiterate who got slapped around when you couldn't support your posted nonsense and now feel like you can finally get some payback?

Now I see you've even taken to stereotyping Asians. In your world, do you only associate with brain dead redneck eunuchs like yourself? You need to spend less time being brave behind your keyboard and spend some time seeing the real world. Be careful out there though, you might run into some furriner looking folks, you backwoods hayseed.

324 posted on 03/16/2011 4:45:22 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: investigateworld

You were right!!!

One of his buds is just as potty mouthed as he, maybe even worse!

Very abusive language - I bet he kicks dogs too!


325 posted on 03/16/2011 4:49:48 PM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: Mase

“..so you could offer us some of the same less-than-useless opinions you’ve made us suffer through for years?”

If his opinions are so worthless, why do you spend so much time insulting him?

Or are you a bully, and internet bully at that, eh?


326 posted on 03/16/2011 4:52:51 PM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: TruthConquers
Maybe you should take a look at your posts on this thread again, gutter boy. You've offered nothing on this thread except for the very thing you accuse me of. If you're going to pose as a keyboard tough guy on the internet, and offer nothing but insults, maybe you should man-up and find a little sand of your own. Want a tissue?

If you're going to spend your time here looking up at the curb you shouldn't get all sensitive and feign outrage when someone gives you a little of your own. Makes you look like a hypocrite....and a chick.

327 posted on 03/16/2011 5:22:03 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: Mase

Hey, bozo, I am a chick.

Blow off, little boy.


328 posted on 03/16/2011 5:43:36 PM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: Mase

And Mr littleboy lamebrain,

YOU were posting to a DIFFERENT Freeper, not me.

Don’t like being called a bully, eh? Too bad, bullyboy.
Go clean your room, your moma’s calling.


329 posted on 03/16/2011 5:56:40 PM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: TruthConquers
Awww, you poor thing. Do you now consider me satanic as well?

Maybe you should grow some skin if you're going to dish it out and then get all wee wee'd up when someone has the audacity to give you back some of your own. Didn't like it, eh? Tough.

Take your pick:

Photobucket

Photobucket

Whatever you choose, please spare us from the sanctimonious BS. You're in no position to say anything given all the invective you've spewed on this thread.

330 posted on 03/16/2011 7:25:14 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: Toddsterpatriot; ex-Texan; TruthConquers
Defend the reprinted statements you made which myself & Truth re-posted on here relating to the Fed, not mindless dribble you are inventing now, as in the Merrill nonsense.

The shareholders who saw the stock drop from $95 to $57 appreciate the statement. They'd appreciate not losing 40% in the last year a little more.

You are bragging about this!!??? The schlump shareholders did not make a dime, because of you, if any of this even comes close to being truth.

This insane statement of yours proves once again you actually buy into the stockitis sucker bait. Pencil neck, have you ever heard of pre-positioning as in put options on individual stocks, or indexes to profit when a company's shares are expected to turn ultra-bearish? You are a certified public moron, and any one paying attention to you is brain dead.

In terms of Merrill's predictions, you are the only one speaking on that subject, all by your self in between munching on more mosquitoes.

"LOL! You're funny. Your delusional friend was attacked by the Russian mob. They planted explosives in his front yard.

You mean, especially the strongly suspected portion concerning you, swamp croak, sending damaging computer viruses to those who countered your non-stop shilling, mocking & lies. Recall well what I stated previously relating to hiding in the Federal Reserve building.

331 posted on 03/16/2011 7:29:48 PM PDT by M. Espinola
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To: M. Espinola
Defend the reprinted statements you made which myself & Truth re-posted on here relating to the Fed, not mindless dribble you are inventing now, as in the Merrill nonsense.

You clowns found the Merrill link, so let's go to that thread and you can tell me where I was wrong. Or you could run away, again.

The schlump shareholders did not make a dime, because of you,

Because of me? LOL! AFAIK, I wasn't working at Merrill when they lost all that money.

You mean, especially the strongly suspected portion concerning you, swamp croak, sending damaging computer viruses

Your delusional friend, who believes in chemtrails and Russian mobsters out to get him thinks I sent him a virus? How, in his fevered imaginings, did I manage that?

Recall well what I stated previously relating to hiding in the Federal Reserve building.

Wow, you are one scary dude. LOL!

332 posted on 03/16/2011 7:39:05 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Have you sent anyone on Free Republic a worm or virus?


333 posted on 03/16/2011 7:57:05 PM PDT by M. Espinola
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To: M. Espinola

No. How would someone do that?


334 posted on 03/16/2011 8:04:37 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Since you have lied about your previous comments on FR, your ‘no’ doesn’t cut it, Toadster.


335 posted on 03/16/2011 8:13:53 PM PDT by M. Espinola
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To: M. Espinola
When did you stop beating your wife? Clown.

If you ever find a lie, be sure to let me know.

If you ever get over your fear, be sure to comment on the Merrill thread. You know more about markets then your girlfriend, but that's a really low bar.

336 posted on 03/16/2011 8:17:32 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
All you have ever done on here is lie, but refuse to own up and admit the obvious, which I already knew, when your lies and disinformation are re-posted.

It would be interesting twist to see if you and clone 'Mase' could post some kind words about inflation, gold prices, bearish stock indexes, Little Timmy, the Fed whatever you like --- at the exact same time! That would indeed be fascinating, as amazing that you some how believe your on another planet, when it comes to reciprocity. Now isn't that funny LOL!

337 posted on 03/16/2011 8:32:25 PM PDT by M. Espinola
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To: M. Espinola
All you have ever done on here is lie,

Prove it. Find a post where I lied. Or run away, again.

338 posted on 03/16/2011 8:35:40 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
It's been repeated proven, which you despise, so slobber on banker shill. Do you always look this good? (below) LOLOL!

Is that Falsehood Ale? Or your usual fermented Bug Juice you hold on to?

Run away? At least I can when bored with your bunk.

339 posted on 03/16/2011 8:56:59 PM PDT by M. Espinola
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To: Toddsterpatriot

The reason you have not seen jumbo jets spraying chems is you’re always on here shamelessly shilling for the banksters.


340 posted on 03/16/2011 9:21:50 PM PDT by M. Espinola
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