Timothy Geithner, Treasury Secretary, opened the door with his statement on Wednesday when he said he was “quite open” to considering a global currency standard which would, in effect, eliminate the U.S. dollar. In response to this statement, which, incidentally, represents a totally reversal of Geithner’s opinion on this topic as stated in direct response to her public question to him on Tuesday, Senator Michelle Bachmann (R-MN) has offered Congressional legislation in the form of an Amendment to the Constitution which would limit the powers of the President and his Administration from unilaterally entering into any agreement that would supplant the United States dollar with some other international currency.
The amendment as stated: “The president may not enter 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.”
Here’s the entire Newsmax story…
http://www.newsmax.com/insidecover/bachmann_global_currency/2009/03/26/196596.html?s=al&promo_code=7D0B-1
