Will the Real Secretary Geithner Please Stand Up?
Does Treasury Secretary Timothy Geithner favor replacing the U.S. dollar with a global currency, or doesn’t he? Or, as Rep. Michele Bachmann (R-MN) pointedly asked on Sean Hannity’s program, “Which Tim Geithner do we believe?”
It hit me like a ton of bricks last night, trying to figure out why the American establishment wants a global currency. It would eliminate the need for currency conversions and exchange rates between existing national currencies, thereby making it easier in a bureaucratic sense and in the realm of the language of business to outsource jobs to Bangalore or China. Similarly, American big business is all for America switching to the metric system, because it would make global business easier for them.
