Geithner... goes on record supporting a new reserve currency

[kiryan]

http://www.telegraph.co.uk/finance/econ ... rkets.html

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
..
The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.

holy fuk, maybe I have it all wrong about Obama. He's not a crazy liberal, he just doesn't have any control over the crazy liberals he employs.