Congresswoman Introduces Bill To Ban Global Currency

Says true intentions of President and Treasury head are questionable

Steve Watson
Infowars.net
Friday, March 27, 2009

In the wake of discussions of and hints at a move toward a new global currency, a Republican Congresswoman has introduced a resolution in the House “that would bar the dollar from being replaced by any foreign currency.”

Minnesota Rep. Michele Bachmann announced the resolution on her website along with a press release entitled“Bachmann Demands Truth: Will Obama Administration Abandon Dollar for a Multi-National Currency?”

The Press release states:

“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.”

Bachmann is referring to the incident we reported on yesterday, when Treasury Secretary Timothy Geithner performed a 180 degree reversal of his own comments from just one day earlier, assuring the elite Council On Foreign Relations group that he and the president were “open” to the notion of a new global currency system.

“Despite attempts to clarify his remarks later in the day, the unguarded initial response calls into question his true intentions.” Bachmann states.

Bachmann’s resolution points out that Title 31, Sec. 5103 of the Constitution prohibits foreign currency from being recognized in the U.S.

Representative Bachmann has built a reputation as an outspoken and unwavering character in Congress. She opposed both federal bailout bills and has continued to question the legitimacy of the Treasury’s economic policy.

She has also previously been lambasted by the mainstream media for expressing concerns that Barack Obama and some members of Congress may have anti-American interests, for suggesting that global warming is caused by natural cycles and that the real agenda in Iraq is balkanization.

Concerns over a move toward a new global currency are long standing, however, they recently came to a head when China expressed support for Russia’s proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency.

The creation of a new reserve currency to supplant the U.S. dollar would likely lead to a complete collapse of the greenback, of which trillions are held in in foreign exchange reserves by foreign countries such as China and Japan.

Two days ago Both Obama and Geithner denounced the plans, but as we reported, their actions and policies are greasing the skids for a complete collapse and abandonment of the dollar.

Furthermore, today both the IMF and the United Nations have thrown their weight behind the proposals to implement a new world reserve currency.

Meanwhile, Geithner’s comments at the CFR have sent the dollar plunging against the euro, yen, and sterling.

“The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation,” David Bloom, currency chief at HSBC said.

Rep. Michele Bachmann

Though I would like to know the absolute answer myself I don't take her all that seriously after her remarks during the campaign.

I can't recall which comments you're talking about, but I posted this because I find it interesting that "One World Government" is supposed to be a Theory, yet here is legislation that would ban the creation of the one world currency.

war....what would be the down fall of her plan?

Well I would hope that I never gave the impression that I didn't believe it was possible or that some folks would like to see that happen. I would have to know more about why Geitner might find the opposite of any value at all. Right now I am just getting the side that doesnt want it to happen. Hard to keep up with all the information that is coming in from all sides, but one side more so, here.

Well, one of the downfalls would be, whatever her comments were during the election. Boo, if you could help me out with that one, as I don't remember.

Other than that, I would say there isn't much of one, if she can get the support for it, nevermind this: "Bachmann’s resolution points out that Title 31, Sec. 5103 of the Constitution prohibits foreign currency from being recognized in the U.S. "

I don't know what was said by her in the past, nor do I really care. Many politicians say one thing then do another....whether it's for corrupt reasons or just had a change of mind. but if the contitution says that....then how can it be done now?

Because we have a bunch of treasonous scum who bleat to everyone that the Constitution is a "Living" document which allows them to interpret it any friggin' way they want.

http://blogs.suntimes.com/sweet/2008/10/rep_michele_bachmann_tells_chr.html

These are not the only things she said that I found distasteful and ignorant but was the last straw for me as far as she is concerned. Her interview on Hardball during the campaigns. I was flipping through the news channels one night and settled on Mathews interview. I had never seen her in person before but found her obnoxious in her willingness to fall for the hype of the McCain Palin campaign, and then her last comments really ticked me off at the time.

I don't personally have a problem with the bill it self but her personal motives for pushing it. Neither of which I really care to go into because it will just bring up alot of old crap from the campaign that I don't care to dwell on.

Okay, yeah, she sure sounds like she's got the Partisan blindness, although I suspect if she got the expose she asked for, she'd be extremely shocked at the sheer amount of Anti-American folks within her own party.

just to be technical about it

what the Chinese suggested was a global independent currency tied to the dollar and the yuan

our currency wouldn't go away. it would just be valued against a global market currency

Whats that, like a half a step from total control by a global entity?

This is the kind of stuff that irritates the hell out of me.

The woman asked Geithner during a committee hearing if he supported Chinas call for a one world currency, and Geithner replied No. The very next day Geithner was asked the same question, and he said that without reading the actual plan, "we" were open to special IMF drawing rights.

If we were to disregard all politicians that say things we don't like, there wouldn't be any legislation enacted. Its nonsensical.

I believe I said I didn't have a problem with the bill itself but with her assumption about who is anti-american and what she thought should be done about it. That did'nt make me disregard her bill, but did make me question her motive behind the bill. Regardless, Geithner's answer doesn't satisfy me either, and I imagine we will be hearing more about it shortly.

Frankly I am sick to death of hearing anti-american thrown around by many groups. Personally I worry more about the radicals in all groups unhappy with this administration right now that seem hell bent on making things even more uncomfortable.

1. We do not call the shots anymore. To do that, you've got to be cool, and not in debt to those you attempt to control.

2. There will be no global currency.

3. There is already a global currency, USD, and it is on it's way out.

4. A bill like that, is only a weak attempt to protest the deserved downgrading, while blaming it on supposedly a "global currency". As they say: "Look who's talking!".

nogames...what do you suggest? I'll be the first to admit I don't know much about the subject

Did you see Obama's press conference? He said that he was against global currency.

I read it. Wow, that's scary and she's a Congresswoman.

I never knew of those robos-call. That's unreal.

Obama said when asked in his last press conference if he was for global currency and he said dismissinly "definitely not" so this is not an issue with this president.

I suggest nothing. I simply state the facts.They are such that we are the owners of the hated global currency. It is forced on others by our military who are led to believe they fight for freedom or for America. It is in it's last days. Nobody wants it. We are (through bills like this, and other types of sabretoothing) trying to remain the global currency issuer, by declining any "other" global currency, and alleging that any replacement currently discussed is obviously for a "new global currency". We did the same gaming when we pretended Iraq had nuclear weapons.

I think the whole game is dishonest and not suited to be played by America. Venezuela? May-be. Not America. This is not what our founding fathers declared their independence from a shameful king.