Quantum Spin

Well, due to some spammer having found this obscure blog, I have been forced to refuse Anonymous posts. I apologize for any inconvenience this may cause for legitimate posters, but since I am unable to send feedback to the offending servers causing them to explode and burst into flames - well, I do what I can. Thank you to all my sincere commentators and may the spammers rot in digital agony.

Thursday, March 26, 2009

Oh, Dear Lord, What Fools Have Been Placed Over Us?

China put forth a proposal to drop the dollar as the global currency and who hitches his wagon to that Chinese horse?

Why, our own tax-cheat, Geithner!

Geithner 'open' to China proposal

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."
Even Obama has the good sense to not support China's proposal;

President Barack Obama described China's proposal as unnecessary during a prime-time news conference Tuesday.

"I don't believe that there's a need for a global currency," Obama said.
But, shall we delve a little deeper into Geithner's idiocy?

"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 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.
He hasn't even read it, yet! He is making statements about what the US is "open" to, and hasn't a clue what it is. He is going entirely by his opinion of the governor of China's central bank.

Maybe this explains his tax problems; he never read the forms.

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