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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.
(Article continues below)
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.
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54 Responses to “Congresswoman Introduces Bill To Ban Global Currency”
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March 27th, 2009 at 11:31 am
listening to Alex at 2:15 pm eastern, and I get the James Bond Theme for a minute and no acknowlegment from Jones. Anybody else get this? Its not the first time. It was not a scheduled brake because it just cut him off during an interview.
John Reply:
March 27th, 2009 at 7:31 pm
I get it sometimes too…
eric Reply:
March 28th, 2009 at 9:29 am
There is a global currency, or there was- the US dollar.
LipMcNip Reply:
March 28th, 2009 at 9:19 pm
Yeah, I once had the James Bond song go on for at least an hour waiting for the show to come back. I couldn’t take it any longer and reloaded the show.
Not sure why that happens.
March 27th, 2009 at 11:31 am
having a law isnt going to stop the world from dumping dollars!!
you cant force countries to buy green worthless paper.
have as many laws as you like but in the real world it is simply ignored
your country will always be a powerhouse but you wont be THE powerhouse anymore
Jackson Reply:
March 27th, 2009 at 12:27 pm
You are absolutely correct! A new law is just something else the elitists will circumvent like they have been doing to the constitution. The US dollar is doomed anyway because of all the fiat money the FED has been printing. I’m not supporting a global currency,because we could have a new national currency with national monetary reform, money that is actually backed by something real, because facts are facts, the dollar is doomed and worthless due to overprinting and loss of confidence. This bill is a joke and congress will see it that way as well.
Won't be a Slave Reply:
March 28th, 2009 at 10:53 am
Its exactly like Alex has said, “they are pirates” and they have no claim to this once great country. They have never shed there families blood for the survival of this country and what they have because there families have been the ones causing the wars and unrest for generations. Look at the bushs. They are the biggest family of scum bags to ever curse this country and should all be arrested for treason and sentenced like the predatory animals they are.
The country will have to go down befor the people can raise it back up. We will be nation of small towns and villages when they get done.
But remember, although this is much bigger, even the Nazi Party was stopped.
March 27th, 2009 at 11:34 am
Like it would do any good. We are destroying our republic. Shut the UN down and ship those loons back home. Use the building for the homeless.
Malachi4 Reply:
March 27th, 2009 at 5:37 pm
@ Dry Creek,
“We are destroying our Republic”. WRONG. It is the Barbarians who have crept into positions of power that are responsible for this in their secretive and undeclared war on the American people.
March 27th, 2009 at 11:56 am
This is a good idea, even if it doesn’t go far. What the bill would do is bring the issue into focus and give politicians, including Obama, something to either be for or against, thus showing where they lean. If they say no they don’t support it then they have to explain why. According to Obama’s press conference he’s against the idea of a global currency (wink-wink) so supporting such legislation should be a no brainer, right, Mr. President? (;
Guy Fawkes Reply:
March 27th, 2009 at 12:37 pm
I agree with America 20xy. This is a good bill to actually get a vote on. Those who vote in favor of a global currency should be considred enemies of America and placed on a list to be arrested for treason.
March 27th, 2009 at 12:24 pm
so I didn.t spell break right. If I don’t get an answer soon, I will start talking religion.
March 27th, 2009 at 12:33 pm
Okay Michele Bachmann,
prove you are NOT just one more Neocon Glenn Beck:
End the Criminal FED Reserve.
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March 29th, 2009 at 7:48 am
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March 27th, 2009 at 12:53 pm
Barter town comming soon the only way to win. If we don’t play along they can’t win Because we aren’t using there paper.
Chris Diminie Reply:
March 29th, 2009 at 9:50 am
That’s a good idea. Barter and “county dollars”, small local economies.
March 27th, 2009 at 1:29 pm
Now there is no turning back, moreso when congress has taken up the issue, in that the Wolrd Currency is just a matter of time now.
March 27th, 2009 at 1:49 pm
When some thing is too good to believe, that is time one should be most scared about. Now that Congress has taken an active part in killing the World Currency, it is going to happen and happen it will very soon.
A smart way of getting things done via the so called back door and yet every one will be made to beleive that it happened despite the supprot of Congress. To make to look koshar the proposal has been initiated by of all the country – China. The fact is we will never know the truth.
March 27th, 2009 at 2:42 pm
Any effort from the mainstream to oppose NWO plans like the global currency is a good effort.
March 27th, 2009 at 2:48 pm
Alot of people predicted 911. Lyndon Larouche. Bill Cooper.
March 27th, 2009 at 2:57 pm
Yea those “truthers” are real bad ’cause they demand the truth.
March 27th, 2009 at 5:16 pm
Bachmann is a looney tune,what a great spokesperson -not!
She is a weirdo that tried to kiss Bush during one of his bogus state of the union addresses as he walked down the aisle like a teenager.
So she is a set back for any truth to issue.
How she get re-elected is a mystery, Jesse Ventura’s pick was a better choice then her
tcindie Reply:
March 27th, 2009 at 6:26 pm
Bachmann is the best representative we’ve had from Minnesota in a LONG time. is she perfect? No, nobody is. Is she fighting the good fight? Yes, absolutely.
Additionally, I overheard her at a convention last year say that she was a Ron Paul supporter.
Read The Constitution Reply:
March 27th, 2009 at 11:04 pm
Bachmann is a brave soul that has endured many character assasinations from the MSM which is why uniformed people who opinions from the MSM call her names, she seems to get better the longer she is in office. I wish Amy Klobuchar were like Bachmann, Klobuchar votes wrong on every issue.
Jedi1 Reply:
March 28th, 2009 at 12:12 pm
why is it that when a woman stand up for something that is right and gains or garners attention for it, it is anpother woman that tries to put her down?? You woman are controlling little wenches! Rock on Bachman as Im not a womans liber by any means of the modern movement but ya got more balls than most of the men who are sitting in our sentate today! Dianne, go bake a cake! …lol, Im a woman and im not a lesbian either!
March 27th, 2009 at 6:56 pm
It’s a nice gesture,
but NO LAW will protect us.
It’s time to freakin hunker down and band together with your neighbors,
as that’s all we can do…
Pray you don’t lose your job,
which would put you in a tent somewhere,
then moved into a camp somewhere else,
then into one of those ‘fresh’ new gravesites in AZ…
THAT IS the plan that is now taking place.
These clowns are going to put forth this agenda whether we like it or not.
It’s not called the ‘100 Year War’ for nothing…
It’s been written about for too long and now they are in full throttle mode with their agenda.
17 Executive Orders in 2 months.
That is a record that NO OTHER President has touched in the History of the U.S.A…
And the MIAC report is the icing on the proverbial cake.
WE ARE the REBELLION.
J.R.R. Tolkien and George Lucas know/knew EXACTLY what they were writing about.
Time to take their stories to heart.
March 27th, 2009 at 7:39 pm
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March 27th, 2009 at 8:52 pm
Guys. I just was sent a video where a guy in a Police Dept found FEMA training the Police Dept. for a complete takeover in Sept./Aug. They claim that will be a bank holiday, hospitals and police stations will all be federalized in MAJOR CITYs. They say rurual areas will be spared! Watch it
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March 27th, 2009 at 9:22 pm
The U.S. Dollar is scrip, NOT currency. Why any fool would want to hold a depreciating piece of scrip is ridiculous.
The Chinese military is in a strong position to make that determination.
When Governments don’t support their own middle class, then it’s time to overthrow
the Gov. by cheering for the opposition.
March 27th, 2009 at 11:09 pm
You can almost smell it, the world wants a world currency and they are going to get it. Most are too stupid of course to realise this is the NWO being issued in but I think it is mere months away, not years. California will have it’s homeless in the FEMA camps in about the same amount of time. It is scary just how fast this is going, it’s now like a snow ball rolling down hill gathering speed.
March 28th, 2009 at 8:06 am
what is this? fear among our criminal leaders !!! whats the matter bitch afraid of loosing all you criminal riches ?
March 28th, 2009 at 8:27 am
Instead of making bills to ban a global currency, she should push to a legalization for people to use whatever exchange medium they want. Let people use the Fed fiat currency, any foreign currency, gold or silver, certificates backed by something else (eg: gold or silver), packs of smokes, whatever. Let them all compete in the market place.
March 28th, 2009 at 8:33 am
The other guy is right, its about establishing a new world reserve currency. This new currency should be backed by gold. Its insane to have the US dollar as the reserve currency given that Obama Bush has driving it to worthless paper. As someone who lives outside the US, I support dumping the US dollar if they’re replacing it with something backed by real assets.
March 28th, 2009 at 8:44 am
The Federal Reserve has taken care of that by printing trillions of dollars which is destroying the value of the US dollar quicker than anything else.
March 28th, 2009 at 8:49 am
Why would Russia and China want the IMF to create a new global reserve currency when the IMF is as bad as the Fed.Reserve?Any global reserve should only have gold as it s backing and nothing else.
March 28th, 2009 at 11:22 am
If you think its just about the NWO, your mistaken. The planet is a battleground for resources by intra dimensional beings and ETs! Jones is not telling you the whole story! See it here at http://www.thegrandawakening.com
March 28th, 2009 at 8:18 pm
Michelle Bachman is of borderline intellectual functioning and is seriously emotinally disturbed. She is well known for making unsubstantiated outlandish remarks, that she then lies about having made. I can’t believe anyone at this website posted anything she has put forth.
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March 30th, 2009 at 6:26 pm
The dollar as a reserve currency is in question because the dollar itself is in question. The dollar itself is in question because it’s about to be replaced with the Amero (in exactly the same way that western European currencies were replaced by the Euro). The merges of currencies and hostile takeovers of countries, economies, and currencies will continue unabated until there are only those controlled by the One World Government, with its One World Currency. We’ve witness mergers and hostile takeovers of companies for so long now, it should be obvious where all this is heading.
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