I'm not familiar with Rep. Bachmann (R) from MN, but I sat up and took notice the other day for how she was grilling Bernake & Geither. She even asked them point blank if they would replace the dollar with a global currency. They both said no, but you should have seen the expression on Bernake's face! Priceless! It was so obvious he was lying!

Congresswoman Bachmann Questions Geithner & Bernanke About A Global Currency:

http://www.youtube.com/watch?v=E9DgMG-_6Ls

The Hill
March 26, 2009

http://briefingroom.thehill.com/2009...obal-currency/

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Bachmann Demands Truth: Will Obama Administration Abandon Dollar for a Multi-National Currency?

In response to suggestions by China, Russia, and other countries around the world calling on the International Monetary Fund to explore a multi-national currency, U.S. Representative Michele Bachmann (MN-6) has introduced a resolution that would bar the dollar from being replaced by any foreign currency.

“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."

Asked today about a currency proposal from China at a Council on Foreign Relations* event, Secretary Geithner stated he was open to supporting it. Despite attempts to clarify his remarks later in the day, the unguarded initial response calls into question his true intentions.

Although Title 31, Sec. 5103 USC prohibits foreign currency from being recognized in the U.S., the President has the power to engage foreign governments in treaties, and the President is principally responsible for the interpretations and implementation of those treaties according to the Constitution. As a result, legislation prohibiting the President and Treasury from issuing or agreeing that the U.S. will adopt an international currency would need to come in the form of a Constitutional Amendment differentiating a treaty used to implement an international currency in the U.S. from other types of treaty agreements.


SOURCE:
http://bachmann.house.gov/News/Docum...umentID=116036



H.J.RES.41 : Proposing an amendment to the Constitution of the United States to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States.

Sponsor: Rep Bachmann, Michele [MN-6] (introduced 3/25/2009) Cosponsors (29)
Committees: House Judiciary
Latest Major Action: 3/25/2009 Referred to House committee. Status: Referred to the House Committee on the Judiciary.

http://thomas.loc.gov/cgi-bin/thomas

COSPONSORS(29), ALPHABETICAL [followed by Cosponsors withdrawn]:Â*Â*Â*Â*Â*(Sort: by date)

H.J.RES.41: - No Global Currency Bill

Rep Akin, W. Todd [MO-2] - 3/25/2009
Rep Bartlett, Roscoe G. [MD-6] - 3/25/2009
Rep Biggert, Judy [IL-13] - 3/25/2009
Rep Blackburn, Marsha [TN-7] - 3/25/2009
Rep Broun, Paul C. [GA-10] - 3/25/2009
Rep Brown, Henry E., Jr. [SC-1] - 3/25/2009
Rep Burton, Dan [IN-5] - 3/25/2009
Rep Conaway, K. Michael [TX-11] - 3/25/2009
Rep Culberson, John Abney [TX-7] - 3/25/2009
Rep Fallin, Mary [OK-5] - 3/25/2009
Rep Fleming, John [LA-4] - 3/25/2009
Rep Foxx, Virginia [NC-5] - 3/25/2009
Rep Gingrey, Phil [GA-11] - 3/25/2009
Rep Gohmert, Louie [TX-1] - 3/25/2009
Rep Hensarling, Jeb [TX-5] - 3/25/2009
Rep Issa, Darrell E. [CA-49] - 3/25/2009
Rep Jones, Walter B., Jr. [NC-3] - 3/25/2009
Rep King, Steve [IA-5] - 3/25/2009
Rep Kirk, Mark Steven [IL-10] - 3/25/2009
Rep Lamborn, Doug [CO-5] - 3/25/2009
Rep McClintock, Tom [CA-4] - 3/25/2009
Rep Paul, Ron [TX-14] - 3/25/2009
Rep Pitts, Joseph R. [PA-16] - 3/25/2009
Rep Posey, Bill [FL-15] - 3/25/2009
Rep Price, Tom [GA-6] - 3/25/2009
Rep Roe, David P. [TN-1] - 3/25/2009
Rep Shadegg, John B. [AZ-3] - 3/25/2009
Rep Thompson, Glenn [PA-5] - 3/25/2009
Rep Wamp, Zach [TN-3] - 3/25/2009


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