Follow BeltwayBlips on Twitter
Geithner’s “Open” To China’s End Of The US Dollar Idea
Pat Dollard | Young Americans —
Previous: China Calls For New Global Currency To Replace Dollar
Politico:
Geithner ‘open’ to China proposal
by Bill Smith
Geithner, at the Council on Foreign Relations, said the U.S. is “open” to a headline-grabbing proposal by the governor of the China’s central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and “evolutionary.”
“I haven’t read ...
Barcepundit (English edition) — ... GIVING MORE REASONS to those who think that Geithner is not the man for the job: Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary." ...
The Right-Wing Echo Chamber In Action: How A Conspiracy Travels From Drudge To Obama, Via Fox News
Think Progress —
... Of course, the relatively benign idea of a new reserve currency is very different than a “global currency.” Though some conservative outlets are hyperventilating over this morning’s comments from Geithner signaling that he was “open” to considering China’s comments, Geithner “ ...
Fumble! Geithner speaks, dollar dives
Hot Air » Top Picks —
... another amateur mistake by the new U.S. Treasury Secretary. Question answered: The dollar pared losses versus the euro on Wednesday after U.S. Treasury Secretary Timothy Geithner said the dollar was likely to remain the world’s reserve currency for a long time. The U.S. dollar fell to a session low against the euro after Geithner said he was “quite open” to China’s suggestion of moving toward SDR-linked currency system. The dollar began regaining some lost ground after the moderator nudged Geithner into a clarification . Kathy Lien asks whether any grown-ups work in the Obama ...
How to Destroy the Dollar Without Really Trying
Weekly Standard Blog —
Ben Smith reports:
Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary."
"I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the ...
Tim Geithner...Dumber Than A Box Of Rocks (With All Due Apologies To Boxes And Rocks)
Ace of Spades HQ —
... . Today Timmy said, "neato!" "I havent read the governors proposal. Hes a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense. "Were actually quite open to that suggestion you should see it as rather evolutionary rather building on the current architecture rather than moving ...
Geithner Goes Global?
Real Clear Politics - TIME.com —
Ben Smith picks up on a Geithner gaffe: Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing ...
White House Open to Global Currency?
Weekly Standard Blog —
... Politico's Ben Smith reports that Treasury Secretary Timothy Geithner said this morning that he was open to a new global currency to replace the dollar, as proposed by a Chinese central banker. Geithner, according to Smith, said that the proposal -- which he has not yet read -- is less transformative that headlines have suggested. "We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," Geithner said. ...
Dollar moves from death watch to hospice as Geithner declares he’s “open” to China proposal to replace US currency as world reserve
Flopping Aces —
It was only six days ago I warned that the world had put the US dollar on a death watch. At that writing, a UN panel, backed by Russia, was pushing to replace the US dollar as the world’s reserve currency with a basket of international currencies instead.
In a not so surprising move, China joined the choir, advocating the dollar demotion, but with a twist. Bejing’s central bank governor, Zhou Xiaochuan, proposed creating a currency made up a basket of global currencies and controlled by the International Monetary Fund … saying it would help “to achieve the objective of safeguarding global economic and financial ...
GEITHNER Open to Chinese Dollar-Replacement Plan?
Geithner, at the Council on Foreign Relations, …
Instapundit —
GEITHNER Open to Chinese Dollar-Replacement Plan?
Geithner, at the Council on Foreign Relations, said the U.S. is “open” to a headline-grabbing proposal by the governor of the China’s central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and “evolutionary.”
Well, that’s a relief. But Geithner needs to learn to be more careful in his statements:
Treasury Secretary Timothy Geithner ...
The New IMF Currency IV (Updated)
Behind Blue Lines —
... for the idea. It went from Borat to Mundell to the Kremlin to the Chinese Central Bank. See where this is going? Sure you can. From Ben Smith’s blog at the Politico: [Timothy] Geithner, at the Council on Foreign Relations, said the U.S. is “open” to a headline-grabbing proposal by the governor of the China’s central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and “evolutionary.” “I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central ...
You’re a Loon, Ms. Bachmann, You Know That, Don’t You?
Comments from Left Field —
... The thing is, though, is that Geithner has already clarified that he doesn’t foresee a change in the dollar’s centrality. And Obama himself flatly declared that he’s not open to such a change at his presser the other night. ...
Touting Her Currency Conspiracy, Bachmann Insists: ‘This Is Not Michele Bachmann Being A Kook’
Think Progress —
... Bachmann claimed that Treasury Secretary Timothy Geithner said he was “open” to the One World currency. (In reality, he only said he was open to changes in the IMF special drawing rights, and reaffirmed his commitment to the dollar.) Beck warned that speaking out about the global currency gets one labeled a “kook,” but Bachmann brushed off such concerns, saying she’s been called that “throughout [her] political career”: ...
Matthews Calls Bachmann the 'Mata Hari of Minnesota'; Rolling Stone Editor: 'Guy Huffing Glue' Makes More Sense than Bachmann
NewsBusters.org - Exposing Liberal Media Bias —
... . And, Treasury Secretary Timothy Geithner has said he was open to changing the dollar's role in the global economy. Nonetheless, Matthews and company continued their critique of the Minnesota congresswoman's "better-safe-than-sorry" proposition. ...
Hannity Aids And Abets Michele Bachmann's Unfounded Conspiracy Theories
News Hounds —
... explains and, in any event, Treasury Secretary Timothy Geithner has made it clear that while he's open to a change in the IMF's use of the dollar with regard to international reserves, he's opposed to replacing the dollar as the U.S. currency. But I'll-go-along-with-anything-so-long-as-it-smears-Democrats Hannity either didn't care to correct Bachmann or else didn't know she was pulling something out of thin air. ...
Bachmann-Turnip Overdrive: Clueless 'global currency' paranoia in high gear
Orcinus —
... responsible for the interpretations and implementation of those treaties according to the Constitution. As a result, legislation prohibiting the President and Treasury from issuing or agreeing that the U.S. will adopt an international currency would need to come in the form of a Constitutional Amendment differentiating a treaty used to implement an international currency in the U.S. from other types of treaty agreements. Once again, here's what Geithner actually said: "I haven’t read the governor’s proposal. ...
