Earlier this week, China’s Central bank Governor Zhou Xiaochuan suggested the need for a “super-sovereign reserve currency,” a move most passed off as China trying to “flex some muscle.” And yet, within days, Fox News’ Major Garrett was demanding whether President Obama supported a “global currency.”
So how did a story that has effectively no basis in reality — and has nothing to do with a global currency — end up as one of the few questions posed to President Obama last night? It started with a blaring banner on the instigator of conservative and media memes, the Drudge Report:

Within hours, right-wing fanatic Rep. Michele Bachmann (R-MN) was demanding that Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke pledge to never adopt a “global currency.” Soon, Fox News’ resident conspiracy theorist Glenn Beck was ranting that a U.N.-imposed global currency was the first step toward world government:
– BACHMANN: I’m wondering, would you categorically renounce the United States moving away from the dollar and going to a global currency?
– BECK: And now the U.N. is saying, you know what, we should have a global currency. It’s also a movement to tie the entire globe together into one big government.
The circle was complete when, three hours after Beck’s show, Fox News’ White House Correspondent Major Garrett asked the president whether he supported a move to a “global currency.” Watch a compilation:
Of course, the relatively benign idea of a new reserve currency is very different than a “global currency.” Though some conservative outlets are hyperventilating over this morning’s comments from Geithner signaling that he was “open” to considering China’s comments, Geithner “add[ed] several forceful promises” that the U.S. would not move to any sort of “global currency,” and emphasized that he did not foresee a change in the dollar’s credibility.
Heh… don’t let mere “facts” get in the way of a righteous, pants-wetting tizzy fit now, all you righties…
March 25th, 2009 at 12:12 pmSo this is their new “nafta superhighway”?
The foil-hat militia’s new cause celebre’?
Did I see glenn beck and yosemite john bolton in the same splitscreen, and does that mean civilization is over?
March 25th, 2009 at 12:12 pm.
Does Beck speaking mean he’s relevant?
.
March 25th, 2009 at 12:13 pmThe decision on what national currency is the reserve currency for international transactions and trade is not decided by one country, even the US.
The operation of capitalism as a worldwide economic system will eventually bring about a single currency. It appears the wingnuts have never heard of or understood the reasoning behind the Euro.
March 25th, 2009 at 12:14 pmYa know, the way BotchCo continually RAN DOWN the value of the dollar for eight straight years, you could almost wonder were they TRYING to destroy it on purpose? I wonder if Beck or Drudge ever got upset over that?
March 25th, 2009 at 12:15 pmWhat we have here is the 21st century equivalent of cave men being afraid of fire. Teh Stupid involved with this is jaw dropping.
http://www.pufferfishblog.com/
March 25th, 2009 at 12:16 pmApart from the usual knee-jerk jingoism from the right, what’s so bad about China’s suggestion? It’s not like we’d lose control of world markets – the currency would be maintained by the IMF, after all.
It would seem to make sense to back international transactions with a basket of currencies, rather than tie them to an unstable dollar.
March 25th, 2009 at 12:19 pmFacts or not, this type of hyperbole helps to infuriate the red meat right wingers. This feeds into the marxist-socialist delusions, and convinces them the UN is coming to take away their guns, convert them to islam, and make their children gay.
March 25th, 2009 at 12:19 pmGood ole Becky, now you just know that he would be a one man stumbling block to a one world currency.
Just let him do that fake cry, and no one would want it.
¶ AIO
March 25th, 2009 at 12:20 pmDon’t worry, in 50 years everything will go off the yen.
March 25th, 2009 at 12:21 pmSo, what are the major drawbacks of having a global currency?
What are the major drawbacks of having a global government?(though it would obviously depend on the governing style)
Off hand I can imagine a number of benefits (particualrly humanitarian — “war” would seem to be something that simply would not occur, at least not as we see it today). Depending on safeguards and checks and balances, of course.
March 25th, 2009 at 12:21 pmKraz – you forgot forcing them to go vegetarian.
(and that is the plan, right? i didn’t make it to the meeting yesterday)
March 25th, 2009 at 12:22 pmKrazny Says:
the UN is coming to take away their guns, convert them to islam, and make their children gay.
While not adressed to me, I see now: they fear that globalization will force them to be unarmed homosexual islamic extremists.
Got it.
March 25th, 2009 at 12:23 pmThe rightwing crazies are spinning out of control. This being out of power has caused them to grasp at anything to try to bring Obama down. I gather from a few rightie acquaintances I have that a portion of this is race related as well. I have put most of them on my blocked list because of the hate crap
March 25th, 2009 at 12:24 pm.
Did someone say the sky is falling?
… Because all I hear/see from FOXPRAVDA is a bunch of quacks.
.
March 25th, 2009 at 12:25 pmThe Republic of Stupidity Says:
——————————————————————————–
Ya know, the way BotchCo continually RAN DOWN the value of the dollar for eight straight years, you could almost wonder were they TRYING to destroy it on purpose? I wonder if Beck or Drudge ever got upset over that?
They are only upset because we have a Dem in the W.H.,but they have never forgotten the New World order proposed by the Shrubs daddy and I think they would welcome it like the good little Brown shirts they are.
March 25th, 2009 at 12:25 pm.
Grasping never looked so funny.
.
March 25th, 2009 at 12:26 pmhussein toasterhead Says:
It would seem to make sense to back international transactions with a basket of currencies, rather than tie them to an unstable dollar.
Wouldn’t a global currency mean a very stable currency?
Of course, big capitalist money-players (like those who actually just trade money for a living– talk about a useless abuse of the system) would not be able to manipulate smaller money markets (or bigger, like the US economy) in order to play money games and profit more off of doing absolutely nothing of value for the country or the economy.
March 25th, 2009 at 12:26 pmWhy is a move to a global currency scary anyway? It sounds kind of convenient. Pricing could be based on the actual markets in which goods are sold rather than artificially inflated based on currency trading.
March 25th, 2009 at 12:27 pm.
What, no tears?
.
March 25th, 2009 at 12:28 pmSo… The republicans fear that globalization, coupled with Democrats being in power, will lead to everyone being forced to become:
progressive communist left wing socialist marxist fascist nazi unarmed vegan homosexual islamic extremists.
Have I got everything in there? Anyone have anything to add?
March 25th, 2009 at 12:31 pmFascists are always shrills.
March 25th, 2009 at 12:32 pmWe already have that Glen – it’s called WalMart.
WalMart + gov’t bought off by WalMart = ?
that’s right, poli sci students……Fascism.
March 25th, 2009 at 12:33 pmchristopher wiwi Says:
… like the good little Brown shirts they are.
____________
Didn’t you really mean “little brown SHORTS they wear”?
March 25th, 2009 at 12:34 pmCageyCretin Says:
So, what are the major drawbacks of having a global currency?
March 25th, 2009 at 12:21 pm
_____________
There are plenty. It would destroy the concept of the exchange rate, throwing millions if not billions MORE into poverty, as one World Money Unit would, due to different costs of living and standards of living, have a different real-world value in New York and, say, Bamako. So either people in the US would get richer and people in Mali poorer, or vice versa depending on how this currency was distributed.
And then there’s the issue of backing it. There’s not enough gold in the world to do it, and oil is even more finite. What is this currency based on? Water?
That could get real nasty.
And on top of that is the issue of all the world’s eggs being in one basket. If the WMU falls into a hyperinflation trap, how can it be stopped?
March 25th, 2009 at 12:34 pmCageyCretin Says:
Have I got everything in there? Anyone have anything to add?
_________
Geez… how could you forget “secular” in there?
March 25th, 2009 at 12:35 pmSpeaking of Drudge lies, doom & gloom & hyperhetoric, I watched King (R) Iowa & Bachmann (Idiot) MN talk to each other about Obama’s ‘abortion plans’ last night.
I couldn’t take it for more than about 10 minutes, but this occurred to me…
Which Michele do you think can lead our Country best?
Obama
or
Bachmann?
I thought so. Now, back to sandbagging in a blizzard…
March 25th, 2009 at 12:35 pmThe 21st century version of the old kid game of telephone. Chicken Little is alive and well in the Republican party.
March 25th, 2009 at 12:36 pmIf the Republicant’s didn’t want China to have any say over our currency, perhaps they should not have sold this country to China through their borrowing trillions of dollars from China to keep up the Occupation of Iraq.
March 25th, 2009 at 12:37 pmCageyCretin Says:
Have I got everything in there? Anyone have anything to add?
You forgot “abortionists”
March 25th, 2009 at 12:37 pmExactly.
If there’s one things wingnuts know how to do, it’s whip themselves up in a terrified frenzy over unfounded rumors and bizarre non-threats.
March 25th, 2009 at 12:38 pm“The Road to Socialism” — I wish. (Pedigree: Great-great grandfather Russian anarchist, Great Grandfather ILGWU organizer/SP, Grandfather Union Organizer IWW, Father Cultural Worker CPUSA)
March 25th, 2009 at 12:38 pmWhat a bunch of paranoid, pathetic trolls. Glen Beck is getting crazier everyday. And the sad thing is, my father watches this guy. But after Becks blubbering, he might not want to admit it.
March 25th, 2009 at 12:40 pmCageyCretin @21
March 25th, 2009 at 12:43 pmLiberals?
Bachmann also noted last night on the House floor that ‘Progressives’ are actually the ‘far left wing’ of politics.
Did you know that’s what ‘we’ are?
March 25th, 2009 at 12:44 pmCageyCretin @21
March 25th, 2009 at 12:45 pmGawd, I forgot to mention about the Demoocrats, too.
hussein toasterhead Says:
Thank you. I will consider the thought (I really have no thoughts one way or the other on the issue, and have never given it any thought, so…. I appreciate data to process an opinion).
Have a cookie. :)
March 25th, 2009 at 12:46 pmI wonder if that festering, feculent skank Bachmann remembers when the dollar was the de facto “world currency”…
One-World government0–AND a ‘world currency’– is inevitable, if the planet’s nations and people manage to survive long enough to establish it…
If they don’t it will in large measure be because of reeking, suppurating slags like Bachmann…
March 25th, 2009 at 12:47 pmAre Beck and Bachmann having some kind of competition to see who can end up in a straight jacket first?
March 25th, 2009 at 12:48 pmSo the rightwing machine now gets it’s marching orders from Communist China? So when they call President Obama a “socialist”, they’re really calling him a “piker”? Sheesh.
That drug addict Limbaugh will really be popping the oxycontins when he hears this.
March 25th, 2009 at 12:49 pm“The Road to Socialism” — I wish. (Pedigree: Great-great grandfather Russian anarchist, Great Grandfather ILGWU organizer/SP, Grandfather Union Organizer IWW, Father Cultural Worker CPUSA)
March 25th, 2009 at 12:38 pm
great bloodplines…
et, tu, dude?
March 25th, 2009 at 12:50 pmHere’s where we stand so far:
Progressive communist left wing socialist liberal marxist fascist secular democrat nazi unarmed vegan homosexual islamic extremists.
Ummmm.. Will that fit on a bumper sticker?
Any more? What are we forgetting?
March 25th, 2009 at 12:50 pmatheist
March 25th, 2009 at 12:52 pmThis is a story, however major or minor.
U.N. panel says world should ditch dollar
Wed Mar 18, 2009 11:16am EDT
A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.
Currency specialist Avinash Persaud, a member of the panel of experts
http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318
Beck, O’Reilly and company don’t approach them from a journalist standpoint, but as a gig.
March 25th, 2009 at 12:52 pmWe are tree huggers
March 25th, 2009 at 12:53 pmWe respect all forms of life
Don’t forget logic
I finally figured out what Beck (crazy nut case) reminds me of -
One of those Professional Wrestlers, all mouth and no substance.
So now it makes sense how he is popular to the Faux Noise crowd…
…professional wrestling, monster trucks, Hooters, NASCAR…
…that crowd.
March 25th, 2009 at 12:54 pmShayne Says:
Are Beck and Bachmann having some kind of competition to see who can end up in a straight jacket first?
One has to wonder why the Republicant’s are throwing Bachman out there to show the world how crazy she is? Could it be that they know she’s toast in 2010 so they are allowing her to be the “crazy aunt”, hoping that some of her hyperbole and hate talk sticks? Then if President Obama is assassinated because of her encouraging her followers to be “armed and dangerous”, they can just say “it’s not our fault, that woman is crazy”.
March 25th, 2009 at 12:55 pmThe circle-jerk is the preferred method for the dissemination of lies, distortions, half-truths and conspiracy theories.
March 25th, 2009 at 12:56 pmActually the world ditching the dollar would be bad news for an already reeling United States. On the other hand we have no one to blame but ourselves. The story doesn’t state anything about a New World Currency, but instead refers to using several currencies. I would imagine Euro’s and if the Chinese ever unhooked their money from the dollar whatever they use.
March 25th, 2009 at 12:56 pmBolt-on and Becka are in serious need of a global enema. Their $hit for brains are running out their mouths.
March 25th, 2009 at 12:58 pmIt’s amazing how stories are manufactured, regardless of the facts. Amanda got gigged for offending the Alexa Foundation, which never indicated their concern.
Now we have the “global currency”, which wasn’t suggested. The UN panel and Russia suggested moving away from sole reliance on the dollar to a basket of currencies, not a new global currency.
With the U.S. having veto rights a member of the UN Security Council, I find it hard to believe a change is coming soon. The dollar would have to become a world embarrasment for Uncle Sam to acquiesce. However all this money printing could lead problems down the road.
March 25th, 2009 at 12:58 pmBilbo Hussein Baggins Says:
Then if President Obama is assassinated because of her encouraging her followers to be “armed and dangerous”, they can just say “it’s not our fault, that woman is crazy”.
But she is not alone. So, are they hoping for that scenerio and then to say that since some dozen or so of them made similar comments that none of them are responsible? Spread the blame so that it is “thinned” enough to be meaningless? Is that their thinking?
Or is it that they are all really that F#cked in the head?
March 25th, 2009 at 12:59 pmBuckie Boy Says:
I finally figured out what Beck (crazy nut case) reminds me of -
One of those Professional Wrestlers, all mouth and no substance.
Buckie, m’boy, I’d ask John Stossel about that. This is the only piece of ‘real’ journalism the pencil-necked prick ever did.
March 25th, 2009 at 12:59 pmHow many understand that the US depends on China and other countries to fill the defficit it has every monday. In other words, if the US does not fall in live with what the rest of the world wants in terms of regulations….China and other countries can bring the US TO IT’S DOWNFALL. Completely caving in the US economy. Just one no show(treasury window)and the cards come falling down.
Please feel free to view this artical written a month ago.
You can find it at http://www.silverbearcafe.com and search putin platform.
See what is happening in the news and tell me what part of the plan is already in effect. Heres one example….
The platform states that EU will not support stimulus package for eastern europe which in turn will collapse part of eastern europe….Yesterday the EU economic councle stated that they WILL NOT be spending any money to stimulate the economy. NOW REMEMBER THIS ARTICAL WAS WRITTEN AT THE BEGINING OF FEB/09.
The EU, China, Russia, and parts of the Middle East want a basket of currency for which the US does not want. Who will win….guess who has the money??? that’s who.
We have no more say…The US is a superpower in name only. At any moment, if the treasury doesn’t sell it’s bonds (or no one showing up to buy bonds)the United States Collapses….no if ands or buts. It’s that simple.
George Bush….this is what your tax cuts did…while spending on a war like a drunken sailor. Third from the botten is not good enough for you is it?
March 25th, 2009 at 1:00 pmThey’re gambling that “the rabble” is big enough to put the kibosh on Team O’s plans and/or put them back in power, so they’re allowing their best “rabble rousers” to move to the foreground.
They are Very Afraid that Obama’s going to strike on a truly populist chord that puts money in the pockets of “the rabble”, thus wooing them away from the R sphere of influence.
If the “New Deal-ier” parts of Obama’s plans succeed that’s exactly what will happen, and they’ll spend a literal 40 years in the wilderness trying to reclaim a foothold.
March 25th, 2009 at 1:00 pmU.N. panel says world should ditch dollar
Wed Mar 18, 2009 11:16am EDT
A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.
Currency specialist Avinash Persaud, a member of the panel of experts
From a purely practical point of view, that’s right.
It will sound the death knell of AMurkin IMPAHR! though.
But the dollar is a joke. The full credit yadda yadda yadda
Gotta get ‘em from Citi and Lehman, and AIG…
A sound world economy depends, eventually, on an agreed-upon, common currency.
It’s just that the present system probably won’t endure long enough to get it started. Catastrophe and chaos seem far more likely to me than community and cooperation to ensue from these crises….
March 25th, 2009 at 1:04 pmCageyCretin Says:
Wouldn’t a global currency mean a very stable currency?
March 25th, 2009 at 12:26 pm
____________
Not necessarily – especially if it’s backed by a natural resource subject to ebbs and flows of demand.
The thing that concerns me is purchasing-power parity, perhaps most easily described by the Big Mac Index.
In the United States, a Big Mac sold for an average price of $3.54 in January 2009. In Indonesia, a Big Mac sold for 19,800 rupiah, which converts to $1.74. Salaries in Indonesia are much lower than salaries in the United States, but then so are costs of living.
What happens, then, when a universal currency is declared? How do we determine who gets how much? Either the WC is going to be worth different amounts of goods and services in different countries, or it’ll lead to very costly goods and services in some countries and very cheap goods and services in others.
March 25th, 2009 at 1:08 pmYou left out abortionist and possibly ‘druggie’ (I don’t know if the right has officially claimed that as their own yet)
March 25th, 2009 at 1:12 pmCageyCretin Says:
Here’s where we stand so far:
Progressive communist left wing socialist liberal marxist fascist secular democrat nazi unarmed vegan homosexual islamic extremists.
Ummmm.. Will that fit on a bumper sticker?
The bumper sticker that both sides might agree on:
Progressives: Not Right.
March 25th, 2009 at 1:16 pm“Bachmann also noted last night on the House floor that ‘Progressives’ are actually the ‘far left wing’ of politics.
Did you know that’s what ‘we’ are?”
See, that’s the thing: They don’t get to tell us what we are. I consider myself Progressive but I’m relatively moderate and I’m sure there are many people who feel the same way.
On the other hand, Bachmann, being a member of the far, far “right” wing can safely be labeled “lunatic fringe” at this point (see, I’m a Theodore Roosevelt progressive, even).
March 25th, 2009 at 1:20 pmThere is a reason they’re called wing nuts.
March 25th, 2009 at 1:23 pmThis is one of the millions of reasons, but a good, very illustrative one.
pot smoking, tree hugging, baby killing, all come to mind.
March 25th, 2009 at 1:23 pmBachmann and company are living proof that rabies vaccinations shouldn’t just be for pets.
And just what is so bloody wrong with being a Progressive, as in one who believes in Progress?
March 25th, 2009 at 1:27 pmThey dont know a reserve currency from a global currency?
Im pretty sure most of these pundits knew but are playing on their constituents ignorance of what a reserve currency is.
March 25th, 2009 at 1:29 pmSciFi writers have been writing about the future of currency for years. Some call it eft, others just call it creds. With cash slowly going the way of the dodo bird, Electronic Fund Transfers are becoming more and more the way business is done.
It lends itself to a tidy decimal system. A pack of gum costs .25 cred. A BMW 40,000 credits. Adjust the level for the local standard of living and do away with exchange rates.
March 25th, 2009 at 1:32 pmAnd right now the US dollar is the global reserve currency…are the wingnuts saying they dont want the US dollar as the global reserve currency?
March 25th, 2009 at 1:33 pmWhat the Chinese are proposing is that Special Drawing Rights be used as the reserve currency. (SDR’s are basically a weighted basket of currencies. They’re already used for valuation in some circumstances.) Reserve currency is used for international settlements; it has nothing to do with sovereign currency. If SDR’s are used the US$ will still comprise ~63% of foreign reserves, down from ~70% in the last Clinton year (Thanks, Georgie). All using them does is diversify risk for foreign creditors.
The rightie-tightie cretins understand neither the concept of reserve currency nor this particular proposal. Typical.
March 25th, 2009 at 1:36 pmMore evidence that these wingnutopians don’t have brains, just plugs…specially designed only to fit into other wingnutopian outlets.
March 25th, 2009 at 1:37 pmThe Right seems to be grasping at straws and when there are no straws they imagine them. Their desperation has them completely unhinged as illustrated by Bachmann, Beck, Bolton, Rush etc.
March 25th, 2009 at 1:39 pmThis story has already been taken up by 9/11 “inside job” theorists, who are always eager to help spread Republican talking points.
March 25th, 2009 at 1:51 pmThey’re crazy about this because it’s part f the End Times. The Antichrist unites all nations, and creates one currency.
March 25th, 2009 at 2:01 pmThe next part is the UPC code Mark Of The Beast, which will be required to Buy or Sell.
(Oh, don’t bother looking for this in the actual Bible. This is the Gospel according to Hal Lindsay.)
And how this idiotic Teleprompter obsession travels from Drudge to FOX to Breitbart TV to the AP:
http://jackrabbitcafe.blogspot.com/2009/03/f-it-well-do-it-live.html
March 25th, 2009 at 2:02 pmBefore I laugh my ass off.
Doesn’t Global currency means that paper money must be backed more by actual gold/silver/diamond etc and not the cheap three card monte, fish paper the repugs are conning the public with?
March 25th, 2009 at 2:04 pmPolitico & Drudge are running this today.
They are calling a proposed change to the “reserve currency” a “new global currency”.
Are they being intentionally coy and misleading or are they really paranoid? Or does it not really matter which it is?
March 25th, 2009 at 2:22 pmThere’s a very old political tactic of accusing your opposition of doing exactly what you’re doing. This diversion works to disarm your accusations against them. Sometimes the best way to see what the enemy is doing is to hear what they’re accusing you of.
Fox News, Republicans, and crackpot Zionists have become masters of this deception technique. Glenn Beck’s list of what the “socialists” want strikes me as exactly what the right-wing, American and Israeli Zionists Nazis want. Here’s the list:
!. Have a global currency.
2. Have “one big government.” (What’s the United Nations all about, anyway?)
3. They want to take away “our guns, our soverenity, our currency, and our money.”
Those ideas sound more like Baron Rothschild speaking. Benjamin Netanyahu. Avigdor Lieberman. Leo Strauss. The clowns who wrote the “Protocols of the Elders of Zionist.” Drivel you find in the Talmud. It’s George Bush, Sr. who talked about a “New World Order.” What’s that all about? I think it means that democracy is dead and that the rich and superior will start running things now.
I don’t think there’s anything wrong with a world government as long as it’s run by the people and not rich thugs. Beware of Republicans and Zionists telling you what socialists want.
March 25th, 2009 at 2:35 pmThe one world government is a strange fear. Clearly, some people will fear any concept without bothering to ask themselves if what they fear is the slightest bit feasible or if what they fear is something akin to Pinky and The Brain.
The most formidable power appears to me to be banks. And the Republicans treat them like victims.
Go figure.
March 25th, 2009 at 2:52 pmWhen is John Bolton going to stop wearing that awful wig?
March 25th, 2009 at 3:06 pmDon’t you idiots get it? Or are you that blatantlly biased that you can’t see.
Its all incremental steps.
One move ultimately leads to a prefered outcome.
The traditionalist conservative fascist (mostly in the south) has always displayed his ignorance and fear of change.
This goes back to the abolition of slavery to the civil rights movement.
So globalist, corporatist banksters are not just gonna announce that they want to annex Mexico and Canada.
They’re not gonna just announce that they want a world government modeled after the U.S. And Europe.
They’re not gonna say that the reason why we’re in constant wars is because of the U.S. World domination schemes led by our banksters ,multi national corporations ánd military.
They’re gonna create a crisis and then implement the plan, while the frightened, ignorant masses accepts it.
Or they’re just gonna slowly put it into policy until there’s no denying it.
March 25th, 2009 at 3:10 pmWhat a bunch of Left Wing Circle Jerks.
March 25th, 2009 at 3:14 pmAnd then they are going to police the world? Yeah.
March 25th, 2009 at 3:17 pmthis story did not start with drudge and it certainly doesn’t end with obama (much like our economy might if we keep printing up trillions of dollars to sink into pork-stuffed stimulus packages and endless bailouts for the investment class).
http://www.reuters.com/article/americasDealsNews/idUSTRE49F4AG20081016
http://www.bloomberg.com/apps/news?pid=20601087&sid=apjqJKKQvfDc&refer=home
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article5821821.ece
krugman suggests that the current plan will destroy the economy. even if krugman is wrong, the obama administration is implementing policies that will unarguably result in runaway hyper-inflation… why?
March 25th, 2009 at 3:33 pmit is the ruling elite who have used this “new world order” catch phrase, so be careful who you accuse of slinging conspiracy theories.
i refer you to the complete idiot’s guide to the new world order… have a good laugh at your own expense, people.
March 25th, 2009 at 3:51 pmThat’s funny, none of you conspiratorial types had anything to say about the “New World Order” when neocons were at the helm.
March 25th, 2009 at 4:37 pmif you’re trying to be facetious you failed at the funny part.
so are you high?
or did you just come out from under a rock?
how do you become so entrenched in this false left/right bullshit and still make sense of the world? neocons/neolibs – who cares? the economy is BLEEDING dollars right now and neither side has helped anything but facilitate more payouts for the investment class.
get effn’ real.
March 25th, 2009 at 4:58 pmJoe, you are exactly right. The RepubliCons have been using this tactic and others for a long time. Look at the variation of this tactic by the Criminal Bush, cause the problem, then blame everyone else.
March 25th, 2009 at 7:54 pmOnce again…CHECK YOUR FACTS! Try going to an exactual source, not some agenda driven blogs that makes things up as they go along. A good example of facts is the AP QUOTING what the individual said. Here is the real story…something I know you are not very familiar with:
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.”
March 25th, 2009 at 9:50 pmCageyCretin Says:
Here’s where we stand so far:
Progressive communist left wing socialist liberal marxist fascist secular democrat nazi unarmed vegan homosexual islamic extremists.
old favorite: far left
new favorite: leftist
Both still relied upon heavily.
March 28th, 2009 at 2:49 amPlease allow me to tell the story of GW Bush and his ride through Texas and the globe.
March 30th, 2009 at 11:03 amThis carpetbagger came to Texas with an agenda. He married a Texas girl and aquired the fakest accent of anyone I know.
His daddy set-up several oil companies for him to start/run/bankrupt to keep his drunk butt away from him.
His political career had to involve a military stint, so one was created and deleted.
He couldn’t have been a dog-catcher in this little county where I live but he made it to Governor through connections.
In the first state elections involving GWB, his Rove machine was well organized and ground the local parties into dust.
For example, our local precinct elections (Rep and Dem) were taken over by zealots arriving in church vans by the dozens. This went on at every precinct in the state.
These new precinct chairpersons set the agenda for state political officials from road commissioners and school boards to state legislators.
GWB had the state by the balls and he led this state into the worst financial condition imaginable. We are near last or at last in every indicator of success: health care for citizens, unemployment assistance, schools, etc.
Meanwhile, a blind eye was turned to allow every sector of our work force to be manipulated by the use of imported slave labor. This has everyone working six days a week for near minimum wage.
Meanwhile, the rich became ultra rich. McMansions were the rage. Three story 50,000 sf homes with bowling alleys in the basement popped up everywhere. Not surprising, the neighborhood where GWB just moved into had one of the biggest influxes of this money.
This GWB section of Dallas has the highest ratio of private schools in the state. People around here call it “little Europe” because there are Mercedez, Porche, Bentleys, Rolls, etc, at every intersection and fancy store.
The public schools flounder because there is no tax money having it all diverted to private and charter schools. As a matter of fact, the public school across from GWB’s house is attended only by the children of maids, servants, drivers, and landscapers from this neighborhood.
You don’t have to ponder global currencies to see where the Bush politics have taken us. If there’s a plan for bankrupting our economy, it’s well underway and led by the GOP. The haves and have-nots are divided by quantum ratios.
GWB once stated that he was okay with this country having a king; as long as HE was the king. Welcome the New World Order of King George.