Rep. Michele Bachmann has been attacked recently in the media for her "conspiracy theory" about a proposed global currency. Last week, she proposed a bill in the U.S. House to protect the American dollar.
She also destroyed tax cheat Tim Geithner last week while he testified on The Hill.
Today, we learned that Russia and China are dead serious about creating such a global currency to replace the U.S. dollar as a reserve currency.
Russia and China are coordinating proposals on a new global currency that could replace the US dollar as a reserve currency to prevent a repeat of the global economic crisis, the Kremlin said on Monday.
"We have received proposals from our colleagues in China, detailed proposals," President Dmitry Medvedev's top economic adviser Arkady Dvorkovich said. "Our positions are very similar.
"We have similar positions on the development of the international financial architecture," he told reporters.
Ahead of the Group of 20 summit in London later this week, the Kremlin has published a raft of proposals to overhaul the global economic order, including plans for a supra-national currency that could replace the US dollar.
China has come forward with similar ideas.
She discussed the reality of the global currency nightmare with Glenn Beck today.
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neither Bachmann nor Beck have even the beginnings of having the slighted clue on what they are talking about. But then, it is on Faux News, so what do you expect.
ReplyDeleteHere is a link to site to an expert on the subject on China, reserves, IMF that explains what the subject is about.
http://blogs.cfr.org/setser/2009/03/29/the-pbocs-call-for-a-new-global-currency-the-sdr-the-us-and-the-imf/