The Dollar, Going, Going, Gone?

"Corporations have been enthroned .... An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people... until wealth is aggregated in a few hands ... and the Republic is destroyed." Abraham Lincoln

"Corporations have been enthroned .... An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people... until wealth is aggregated in a few hands ... and the Republic is destroyed." Abraham Lincoln

It seems that while Obama is out there reassuring everyone that these united States are just fine and we will recover, his treasury secretary is looking at other currency to bring in.

Getting the citizens to focus on the bonuses that AIG paid out to their employees was a brilliant way of getting us to look to the left while the real drama is going on on the right.  Slight of hand is what the government is good at, they’ve been at it a long time.

The Obama administration is getting a reputation for being forever in campaign mode.  Is anyone getting tired of it besides myself?  I’m not buying all the fuzzy feel good stuff, not when important issues are going on and we are being side-tracked.

Obama Works to Calm Americans’ Economic Fears

By Justin Ewers
Posted March 23, 2009

From Jay Leno’s couch, where he was the first sitting president to appear on a late-night television show, to a weekend appearance on 60 Minutes, Obama brought his bully pulpit with him on the road. He used his foray outside Washington to distance himself from the beltway chatter (“Washington [is] a little bit like American Idol,” he told Leno, “except everybody is Simon Cowell”) and to outline how the stimulus package and his proposed budget, with its bold expansions into green energy and healthcare reform, will help solve the country’s economic problems. On Friday, Obama also launched a potentially controversial foreign policy initiative, releasing an unprecedented videotaped message to Iran offering a “new beginning” of diplomatic engagement.

The president certainly didn’t want for a captive audience in California, where thousands of ticket-seekers lined up to get into his town hall meetings. Most of the questions Obama took in the occasionally rowdy, unregulated events focused not on AIG or on foreign policy but on problems closer to home, like Obama’s plans to help laid-off teachers and autoworkers and struggling community banks. Obama drew his biggest cheers when he told an Orange County crowd that, because of the $787 billion recovery bill, a freeway cutting through the area would be expanded, creating 2,000 jobs. “He’s a rock star, and they’re eager to see him because they want solutions,” says Barbara O’Connor, director of the politics and media institute at California State University-Sacramento. “All politics is local, and your job and your economy and your family is the most important thing.”

A rock star?  Really?  What is in the kool-aid?  While Obama DOES have presidential bearing, something bush utterly lacked, is that enough to give him rock star status?  I must have been smoking something.  I consider Obama to be a threat to these united States and a puppet to boot, dancing to the tune of his handlers.  But what do I know?

This comment from Obama was heard at the G20 Financial Summit even as China is calling for a new world currency that is standard throughout the world.  Folks, if China continues to demand a new currency, we may not have a choice.

The dollar is extraordinarily strong right now,” President Obama said. “And the reason the dollar is strong right now is because investors consider the United States [to be] the strongest economy in the world with the most stable political system in the world.”

International unease about the U.S. dollar stems from the fact that China and other nations are holding large and growing amounts of American debt, according to economist James Dorn of the Cato Institute. Dorn says, as the largest financier of U.S. deficit spending, China has particular cause for concern.

So while Obama is touting the strength of the dollar, out comes Geithner with his gaff, or was it???  Geithner’s loyalty is not to this country but to the money masters he works for.  Do not be fooled, Geithner will do as the money men tell him to regardless of what Obama has said or will say.

US backing for world currency stuns markets

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

By Ambrose Evans-Pritchard
Last Updated: 8:14AM GMT 27 Mar 2009

The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.

Tim Geithner tried to correct the impression he had given the world markets, but it was already too late.  The markets reeled and plunged.  With Geithner as treasury secretary we are in a world of sh*t!  Being part of the *Private Bankers,* Geithner is as trustworthy as a viper in your bed!

Global currency flies with push from Russia and slip from Timothy Geithner

The dollar drops back as China’s proposal for an IMF alternative gains ground

Julia Kollewe Thursday 26 March 2009 14.42 GMT  guardian.co.uk

Russia plans to hold an international conference to discuss the creation of a global currency to replace the dollar.

< snip >

Denisov’s comments came only hours after the US treasury secretary, Timothy Geithner, shocked the markets by saying Washington was open to the idea, though he later qualified his remarks. The debate about a global reserve currency run by the International Monetary Fund was sparked by a proposal from China this week.

Private Bankers Timothy Geithner and Ben Bernanke

Private Bankers Timothy Geithner and Ben Bernanke

The revolving door of those from the Federal Reserve into any administration has been going on since Congress abdicated their duty to create and distribute currency based on the gold standard.  These men are in charge of making the decision on what type of currency these united States have, not the president and NOT Congress.

These men will lie to disguise their intentions until it is too late.  Like it or not, Congress has done this and only Congress can fix it.  They won’t, but they do have the option.

A bill has been introduced into Congress by Rep. Michele Bachmann (R-MN) which would, if passed, make it illegal for these united States to have anything to do with a global currency.

March 26, 2009

Bachmann bill would ban global currency

@ 1:31 pm by Eric Zimmermann

Rep. Michele Bachmann (R-MN) has introduced legislation that would “bar the dollar from being replace by any foreign currency.” A statement from Bachmann’s website:

“Yesterday, during a Financial Services Committee hearing, I asked Secretary Geithner if he would denounce efforts to move towards a global currency and he answered unequivocally that he would,” said Bachmann. “And President Obama gave the nation the same assurances. But just a day later, Secretary Geithner has left the option on the table. I want to know which it is. The American people deserve to know.”

On Monday, Geithner and Bernanke both rejected the idea of a global currency in Congressional testimony.  But in remarks to the Council on Foreign Relations yesterday, Geithner indicated he was open to the idea.

From the Representative’s website we have this article:

Bachmann Demands Truth: Will Obama Administration Abandon Dollar for a Multi-National Currency?

Washington, D.C., Mar 25 – In response to suggestions by China, Russia, and other countries around the world calling on the International Monetary Fund to explore a multi-national currency, U.S. Representative Michele Bachmann (MN-6) has introduced a resolution that would bar the dollar from being replaced by any foreign currency.

“Yesterday, during a Financial Services Committee hearing, I asked Secretary Geithner if he would denounce efforts to move towards a global currency and he answered unequivocally that he would,” said Bachmann. “And President Obama gave the nation the same assurances. But just a day later, Secretary Geithner has left the option on the table. I want to know which it is. The American people deserve to know.”

Asked today about a currency proposal from China at a Council on Foreign Relations event, Secretary Geithner stated he was open to supporting it. Despite attempts to clarify his remarks later in the day, the unguarded initial response calls into question his true intentions.

Although Title 31, Sec. 5103 USC prohibits foreign currency from being recognized in the U.S., the President has the power to engage foreign governments in treaties, and the President is principally 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.

So I went to Govtrack.org to check on this bill and see if I could find it.  They don’t always make this easy you know. The bill is currently in committee.  This one needs to be passed.  If Bernanke and Geithner can’t control the currency totally, we might have a chance!!!

Text of H. J. Res. 41: Proposing an amendment to the Constitution of the United States to prohibit the President from…

HJ 41 IH

111th CONGRESS

1st Session

H. J. RES. 41

Proposing an amendment to the Constitution of the United States to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States.

IN THE HOUSE OF REPRESENTATIVES

March 25, 2009

Mrs. BACHMANN (for herself, Mr. HENSARLING, Mr. PRICE of Georgia, Mr. SHADEGG, Mr. KIRK, Ms. FOXX, Mr. PITTS, Mr. BARTLETT, Mr. MCCLINTOCK, Mr. GINGREY of Georgia, Mr. WAMP, Ms. FALLIN, Mr. FLEMING, Mrs. BLACKBURN, Mr. BROUN of Georgia, Mr. AKIN, Mr. ISSA, Mr. KING of Iowa, Mr. BURTON of Indiana, Mr. GOHMERT, Mr. THOMPSON of Pennsylvania, Mr. LAMBORN, Mr. PAUL, Mr. CULBERSON, Mrs. BIGGERT, Mr. BROWN of South Carolina, Mr. JONES, Mr. POSEY, Mr. ROE of Tennessee, and Mr. CONAWAY) introduced the following joint resolution; which was referred to the Committee on the Judiciary

JOINT RESOLUTION

Proposing an amendment to the Constitution of the United States to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:

‘Article–

‘The President may not enter into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States.’.

Now that is a bill!!! Short, sweet and to the point, it tells us everything we need to know in plain english!  No need for me to go into great detail and read this bill and then interpret it.  And there are plenty of supporters.  We need this bill enacted, not stuck in some committee!!!  Contact the committee and let them know you WANT THIS BILL PASSED!!!

House Judiciary

Remember, President Kennedy tried to do this and he was murdered for it.  Presidential Executive Order 11110 would have stripped the Federal Reserve of its power.

On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

That order has never been overturned!  Had the order been put into effect, the currency of these united States would have been backed by silver and not the worthless paper it currently is.  We would not be seeing the incredible debt that Obama has put us, our children and our children’s children, etc. in.  We would not be forced into the roll of 3rd world status because our currency would be backed by assets, not imaginary paper…

It is absolutely treasonous what the federal reserve and central banks have done and are doing.  They should be shut down and those working for them seized and imprisoned or executed.  And they are working all over the world to convince countries that this is the solution everyone needs.  It is anything but!!!

If you love your country, do not let this happen.  Call the Judiciary Committee and tell them you want this bill enacted.  Tell them to arrest Geithner and Bernanke and those responsible for this mess.  Let the voices of We the People be heard loud and clear before it is too late and we are consumed by the greed of money men and forced into a one world government and currency.  Help save America!

And if you are an investor in the markets, I highly recommend you get out now, they are scamming you all the way.  They are trying to bilk the citizens of their last savings before crashing the markets totally.  Listen to wall street and lose or get out while you can.

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~ by justmytruth on March 28, 2009.

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