Sunday, March 29, 2009

One World Currency

US Supports One World Currency
(Telegraph, UK)

The US Dollar plunged against all major world currencies on Friday after US Treasury Secretary Tim Geithner suggested that Washington is open to the Chinese proposal for "a super-sovereign currency reserve" under IMF management - a world central bank.

Creditor countries around the globe are very concerned because the Federal Reserve decided to buy US government bonds (debt) with printed money, reported earlier on my blog(s).

What the hell is the United States doing? 

Are we hauling down the flag?


Opus #6 said...

No, not we. A small group of socialists are running the show and sprinting with the bit in their teeth. There are no checks and balances. All that the founding fathers feared is coming to pass.

WoFat said...

I agree with Opus #6. I would have said that, but I just woke up.

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