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 proposalEven Obama has the good sense to not support China's 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."
President Barack Obama described China's proposal as unnecessary during a prime-time news conference Tuesday.But, shall we delve a little deeper into Geithner's idiocy?
"I don't believe that there's a need for a global currency," Obama said.
"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.