« previous next »
Pages: [1]   Go Down

Author Topic: U.S. Backing For World Currency Stuns Markets  (Read 2064 times)

0 Members and 1 Guest are viewing this topic.

Offline FreeBorn

  • Hero Member
  • *****
  • Posts: 2772
  • Reputation: +251/-45
  • Semper Fidelis
U.S. Backing For World Currency Stuns Markets
« 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...
Logged


"How do you tell a communist? Well, it's someone who reads Marx and Lenin; And how do you tell an anti-communist? It's someone who understands Marx and Lenin." ~Ronald Reagan

Offline CG6468

  • Hero Member
  • *****
  • Posts: 11493
  • Reputation: +540/-210
Re: U.S. Backing For World Currency Stuns Markets
« Reply #1 on: March 17, 2011, 12:38:25 PM »
I'm speechless.
Logged
Illinois, south of the gun controllers in Chi town

Offline thundley4

  • Hero Member
  • *****
  • Posts: 40571
  • Reputation: +2222/-127
Re: U.S. Backing For World Currency Stuns Markets
« Reply #2 on: March 17, 2011, 12:46:30 PM »
Traitorous bastard.  This is sure to help our economy.
Logged

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: U.S. Backing For World Currency Stuns Markets
« Reply #3 on: March 17, 2011, 05:23:41 PM »
Gee...  What happened to the DOW after that little comment?
Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline compaqxp

  • The Canadian
  • Hero Member
  • *****
  • Posts: 1449
  • Reputation: +743/-808
Re: U.S. Backing For World Currency Stuns Markets
« Reply #4 on: March 17, 2011, 05:58:38 PM »
 :wtf2:
Logged

Offline Pat

  • Just Off Probation
  • *
  • Posts: 106
  • Reputation: +1/-2
Re: U.S. Backing For World Currency Stuns Markets
« Reply #5 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.
Logged

Offline CG6468

  • Hero Member
  • *****
  • Posts: 11493
  • Reputation: +540/-210
Re: U.S. Backing For World Currency Stuns Markets
« Reply #6 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?  :???:
Logged
Illinois, south of the gun controllers in Chi town

Offline FreeBorn

  • Hero Member
  • *****
  • Posts: 2772
  • Reputation: +251/-45
  • Semper Fidelis
Re: U.S. Backing For World Currency Stuns Markets
« Reply #7 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.
Logged


"How do you tell a communist? Well, it's someone who reads Marx and Lenin; And how do you tell an anti-communist? It's someone who understands Marx and Lenin." ~Ronald Reagan

Offline true_blood

  • Hero Member
  • *****
  • Posts: 6221
  • Reputation: +652/-817
Re: U.S. Backing For World Currency Stuns Markets
« Reply #8 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.
Logged

Offline Jmartin

  • Just Off Probation
  • *
  • Posts: 120
  • Reputation: +7/-11
Re: U.S. Backing For World Currency Stuns Markets
« Reply #9 on: March 23, 2011, 01:43:56 AM »
2012 hurry the  :censored: and get here!
Logged

Offline gurn

  • Full Member
  • ***
  • Posts: 332
  • Reputation: +17/-33
  • "Are they paying us? Why aren't they paying us?"
Re: U.S. Backing For World Currency Stuns Markets
« Reply #10 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.
 
Logged
***
"Our weak President, that kisses everybody's ass, is in more wars than I have ever seen. Now he's in Libya, he's in Afghanistan, he's in Iraq. Nobody respects us."
"This guy got the Nobel Peace Prize and every time I look is he's going into another country."

Offline true_blood

  • Hero Member
  • *****
  • Posts: 6221
  • Reputation: +652/-817
Re: U.S. Backing For World Currency Stuns Markets
« Reply #11 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:
Logged

Offline gurn

  • Full Member
  • ***
  • Posts: 332
  • Reputation: +17/-33
  • "Are they paying us? Why aren't they paying us?"
Re: U.S. Backing For World Currency Stuns Markets
« Reply #12 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?

"Let me give you an example,” Trump says. “South Korea. We send our ships to protect them.  
Do they pay us?  They don’t pay us. Why are we protecting them, and if we’re going to protect them,
why aren’t they paying us?”

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?
« Last Edit: March 30, 2011, 04:25:19 AM by gurn »
Logged
***
"Our weak President, that kisses everybody's ass, is in more wars than I have ever seen. Now he's in Libya, he's in Afghanistan, he's in Iraq. Nobody respects us."
"This guy got the Nobel Peace Prize and every time I look is he's going into another country."

Offline true_blood

  • Hero Member
  • *****
  • Posts: 6221
  • Reputation: +652/-817
Re: U.S. Backing For World Currency Stuns Markets
« Reply #13 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. :-)
Logged
Pages: [1]   Go Up
« previous next »