By the end of the week, Bachmann had introduced H.J. Res. 41, proposing an amendment to the U.S. Constitution 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 a currency issued by any entity other than the United States. She had no trouble attracting co-sponsors.
On the eve of the opening of the G20 Summit in London on April 2, Geithner expanded on his views for "new rules of the game." He said, "Our hope is that we can work with Europe on a global framework, a global infrastructure which has appropriate global oversight, so we don't have a Balkanized system at the global level, like we had at the national level."
It's no wonder that commentators are starting to refer to a possible world currency as the "globo."
Were Geithner's contradictory remarks a gaffe or a political trial balloon? Surely the Obama administration must know that loose talk about a global currency is not acceptable to the American people.
Ever since President George W. Bush went to Waco in 2005 to meet with Vicente Fox and announced the Security and Prosperity Partnership, the Internet and the blogs have been buzzing with speculation about a plan to put the United States into a North American Union along with a common currency already labeled the amero. Government officials and various elites have been issuing impassioned denials that any such plan exists.
But now we have it from our highest financial authority, Geithner, that a world currency is on the table of international discussions. And he implies that we shouldn't be surprised because it is "evolutionary" in our existing financial "architecture."
That is how the Europeans were tricked into the European Union by their governments, mostly without any vote by the people. The EU started out as just a trade agreement, but it evolved into a political union that ultimately replaced national currencies with a common currency called the euro.
Wasn't one of Obama's strong selling points in winning the presidency that he would restore foreign friendship for the United States in the post-George W. Bush era? Now, as Obama plans his first presidential trip overseas, he faces world antagonism not only to America and our foreign policy, but especially to our economic system and to Obama's grand design to use trillion-dollar government spending to promote U.S. recovery.
Phyllis Schlafly is a national leader of the pro-family movement, a nationally syndicated columnist and author of Feminist Fantasies.
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