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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (47793)	3/25/2009 6:01:59 AM
From: elmatador	Read Replies (2) \| Respond to of 220285

Obama said: "I don't believe that there's a need for a global currency," Obama told a prime-time televised news conference, adding that the dollar is "extraordinarily strong right now". In a congressional hearing on Capitol Hill, U.S. Rep. Michele Bachmann, a Minnesota Republican, asked U.S. Treasury Secretary Timothy Geithner: "Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested this morning by China and also by Russia, Mr Secretary?" Geithner replied, "I would, yes." She posed the same question to Federal Reserve Chairman Ben Bernanke, who said: "I would also." reuters.com Had those officers said otherwise, the USD would be toast right now. IMF is against as well as the Anglos minnows. They are the ones who will lose the teat thhey have been sucking since Bretton Woods. That points to more pain to be inflicted until people come to the table.