World Reserve Currency – China says yes.
Posted by Jesse on March 23, 2009
Bernanke: Oh no, no, no. No ones talking about a World Reserve Currency. We can print our way out of this mess.
Barack Obama: Geez, ya know. We’d be taking a stronger lead towards achieveing the goals I set forth during the campaign, but all these setbacks….this crisis, you know, we couldn’t have anticipated it.
Ron Paul: We are going to have a dollar crisis. I ran for Congress in the 70’s because Nixon removed the last remnants of the gold standard and I knew that would lead to disaster. We need to have sound money, move towards a new gold standard and abolish the Federal Reserve. (Also see: The Case for a Genuine Gold Dollar)
Financial Times: China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
This entry was posted on March 23, 2009 at 8:12 pm and is filed under Mine. Tagged: barack obama, ben bernanke, capital, capitalism, central bank, china, confidence, conspiracy, currency, deficits, dollar, federal reserve, financial times, free market, Gold, gold standard, great depression, interest rates, international affairs, international bankers, lew rockwell, Libertarian, liquidity, ludwig von mises, monetary policy, murray rothbard, new world order, people's bank of china, peter schiff, recession, Ron Paul, social security, stock market, timothy geithner, treasury, world reserve currency, Zhou Xiaochuan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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