The Conservative Cave

Current Events => Economics => Topic started by: FreeBorn on March 17, 2011, 12:35:08 PM

Title: U.S. Backing For World Currency Stuns Markets
Post by: FreeBorn on March 17, 2011, 12:35:08 PM: Treasury Secretary Tim Geithner drops mega bomb.

U.S. 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 mere fact that the U.S. Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation". -David Bloom, Currency Chief, HSBC.

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

WTF! If this isn't the tail wagging the dog...
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: CG6468 on March 17, 2011, 12:38:25 PM: I'm speechless.
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: thundley4 on March 17, 2011, 12:46:30 PM: Traitorous bastard. This is sure to help our economy.
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: rich_t on March 17, 2011, 05:23:41 PM: Gee... What happened to the DOW after that little comment?
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: compaqxp on March 17, 2011, 05:58:38 PM: :wtf2:
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: Pat on March 18, 2011, 09:52:15 AM: look at the article carefully. This was a comment from 2009. It was reprinted just the other day.
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: CG6468 on March 18, 2011, 09:55:33 AM: Quote from: Pat on March 18, 2011, 09:52:15 AM
look at the article carefully. This was a comment from 2009. It was reprinted just the other day.

But has his opinion changed? :???:
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: FreeBorn on March 18, 2011, 10:42:50 AM: Quote from: CG6468 on March 18, 2011, 09:55:33 AM
But has his opinion changed? :???:
No. Neither has their agenda.
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: true_blood on March 21, 2011, 08:21:34 PM: The whole administration, from top to bottom are a bunch of traitors. Each one was "specifically picked" to be where they are.
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: Jmartin on March 23, 2011, 01:43:56 AM: 2012 hurry the :censored: and get here!
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: gurn on March 27, 2011, 12:16:08 AM: The Dollar is the world reserve currency because the market wanted it to be the reserve currency.

Personally, if remaining the reserve currency requires America to continue shipping millions of jobs to Korea & China,
I say let the Korean & Chinese have it.

BTW, nobody in their right mind would ever want to make international deals in either one of their currencies.

The most important problem facing the US is the loss of jobs. Our kids graduate and cannot find work.

What should be done about the loss of high value manufacturing to the Far East -
and specifically to our greatest enemy -- China.

Take care of that problem -- the other problems will be de minimis.
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: true_blood on March 29, 2011, 08:26:01 PM: Quote from: gurn on March 27, 2011, 12:16:08 AM
The most important problem facing the US is the loss of jobs. Our kids graduate and cannot find work.
What should be done about the loss of high value manufacturing to the Far East -
and specifically to our greatest enemy -- China.
Take care of that problem -- the other problems will be de minimis.
BINGO!!
Awesome line under your avatar by the way. :wink: :cheersmate:
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: gurn on March 30, 2011, 04:19:07 AM: Quote from: true_blood on March 29, 2011, 08:26:01 PM
BINGO!!
Awesome line under your avatar by the way. :wink: :cheersmate:

That's a paraphrase of something Donald Trump said. I thought I was quoting him exactly. But I guess not.
I'll keep it there anyway. It's succinct.

A very good interview with Trump in Human Events this month. Can Donald Trump Save America? (http://www.humanevents.com/article.php?id=42269)

"Let me give you an example,â€ Trump says. â€œSouth Korea. We send our ships to protect them.
Do they pay us? They donâ€™t pay us. Why are we protecting them, and if weâ€™re going to protect them,
why arenâ€™t they paying us?â€

My Dad fought in Korea. We protected those people for free. We're still protecting them for free.
And we're shipping our jobs over to them too.

Is America a great country, or what?
Title: Re: U.S. Backing For World Currency Stuns Markets
Post by: true_blood on March 31, 2011, 08:23:56 PM: Quote from: gurn on March 30, 2011, 04:19:07 AM
That's a paraphrase of something Donald Trump said. I thought I was quoting him exactly.
I know. I heard and saw that interview. He also opposes gay marriage and abortion. :cheersmate:
Run the Country like a business, not an empire. :-)