Obama is a radical among radicals, and he has surrounded himself with like minded radicals. They want to destroy capitalism and freedom, and replace it with a class-based socialism. One component of that is the destruction of the U.S. dollar as THE world reserve currency. Obama and the democrats have pretty much succeeded on that front by spending us into oblivion in only 3 short months. The nail in the coffin of the U.S. dollar (and the American economy) would be the establishment of a single world reserve currency, and the sell off our U.S. dollars to move to that currency. Before thinking about what he was saying so he could craft a good lie, Geithner blabbed that he supported the Chinese plan to use IMF SDR’s, and or the establishment of a new reserve currency. Within 10 minutes of his remarks, the market dropped almost 2%.
Businesses, voters, world leaders, etc., etc., have all started to figure out that when anyone in the Obama administration is moving their lips, he/she is lying. Honesty and transparency? No lobbyists in the new administration? New era of fiscal responsibility? The list of lies goes on and on.
Stories below:
http://www.bloomberg.com/apps/news?pid=20670001&refer=home&sid=aSZTgpL48TZQ
http://www.politico.com/blogs/bensmith/0309/Geithner_open_to_China_proposal.html?showall
Filed under: 9. Politics, Corruption, Econonomics, Government, Opressive Government, Socialism | Tagged: 7. News, account, added, affairs, altman, anything, architecture, asked, bank, banker, based, bloomberg, body, brainard, building, careful, central, Change, China, christie, citigroup, Clinton, comments, concern, concrete, conference, confidence, consideration, continued, council, countries, creating, currency, current, described, deserves, developed, disconnected, distinguished, dollar, drawing, earlier, email, emerging, euro, event, evidently, evolutionary, expanding, financial, fiscal, flatly, forceful, foreign, foreign-exchange, foresaw, former, fund, g-20, gaffe, Geithner, generally, getting, global, governor, group, hardman, haven, headline-grabbing, held, IMF, important, inc, including, increase, international, interpretation, interview, investors, issue, judge, key, largest, lead, light, literal, london, markets, mccormick, member, members, minutes, moderator, modest, monetary, month, moving, nations, necessary, night, notion, Obama, official, open, people, percent, point, power, President, press, print, promises, proposal, question, quite, rather, re, read, rebecca, reduction, reform, rejected, relations, remain, remarks, replace, reported, reserve, responded, return, rights, roger, role, saying, sdr, secretary, sense, sensible, several, share, shares, slid, special, states, story, strong, suggestion, summit, sustaining, system, thinking, thoughtful, told, took, toward, treasury, undersecretary, Union, united, update, used, useful, week, widely, world, xiaochuan, yesterday, york, zhou | Leave a comment »
Market Tanks when Geithner Momentarily Speaks the Truth
Obama is a radical among radicals, and he has surrounded himself with like minded radicals. They want to destroy capitalism and freedom, and replace it with a class-based socialism. One component of that is the destruction of the U.S. dollar as THE world reserve currency. Obama and the democrats have pretty much succeeded on that front by spending us into oblivion in only 3 short months. The nail in the coffin of the U.S. dollar (and the American economy) would be the establishment of a single world reserve currency, and the sell off our U.S. dollars to move to that currency. Before thinking about what he was saying so he could craft a good lie, Geithner blabbed that he supported the Chinese plan to use IMF SDR’s, and or the establishment of a new reserve currency. Within 10 minutes of his remarks, the market dropped almost 2%.
Businesses, voters, world leaders, etc., etc., have all started to figure out that when anyone in the Obama administration is moving their lips, he/she is lying. Honesty and transparency? No lobbyists in the new administration? New era of fiscal responsibility? The list of lies goes on and on.
Stories below:
http://www.bloomberg.com/apps/news?pid=20670001&refer=home&sid=aSZTgpL48TZQ
http://www.politico.com/blogs/bensmith/0309/Geithner_open_to_China_proposal.html?showall
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Filed under: 9. Politics, Corruption, Econonomics, Government, Opressive Government, Socialism | Tagged: 7. News, account, added, affairs, altman, anything, architecture, asked, bank, banker, based, bloomberg, body, brainard, building, careful, central, Change, China, christie, citigroup, Clinton, comments, concern, concrete, conference, confidence, consideration, continued, council, countries, creating, currency, current, described, deserves, developed, disconnected, distinguished, dollar, drawing, earlier, email, emerging, euro, event, evidently, evolutionary, expanding, financial, fiscal, flatly, forceful, foreign, foreign-exchange, foresaw, former, fund, g-20, gaffe, Geithner, generally, getting, global, governor, group, hardman, haven, headline-grabbing, held, IMF, important, inc, including, increase, international, interpretation, interview, investors, issue, judge, key, largest, lead, light, literal, london, markets, mccormick, member, members, minutes, moderator, modest, monetary, month, moving, nations, necessary, night, notion, Obama, official, open, people, percent, point, power, President, press, print, promises, proposal, question, quite, rather, re, read, rebecca, reduction, reform, rejected, relations, remain, remarks, replace, reported, reserve, responded, return, rights, roger, role, saying, sdr, secretary, sense, sensible, several, share, shares, slid, special, states, story, strong, suggestion, summit, sustaining, system, thinking, thoughtful, told, took, toward, treasury, undersecretary, Union, united, update, used, useful, week, widely, world, xiaochuan, yesterday, york, zhou | Leave a comment »