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.