In response to:

Geithner: We Shouldn't Have a Debt Limit, Eliminate It

jimmylynn Wrote: Nov 19, 2012 4:37 PM
Katie, "It would have been time a long time ago to eliminate it,” Geithner said. “The sooner the better.” I don't think it's time for our debt ceiling to go, but it is time for Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke to go. Obama won't even propose a budget that can get a majority vote, even from his own party. And he has a Treasury Secretary in Tim Geithner making an absurd statement like that? Geithner and Bernanke are our Laural & Hardie of the finance world. We are hitting those debt ceilings because Geithner is the bailout King and Bernanke can't stop printing money. They should both be canned. This is not the first stupid thing Geithner has said.
jimmylynn Wrote: Nov 19, 2012 4:41 PM
Monday 19 November 2012
A world currency moves nearer after Tim Geithner's slip
US Treasury Secretary Tim Geithner confessed on Wednesday that he had not read the plans by China's central bank governor for a "super-sovereign reserve currency" run by the International Monetary Fund, but nevertheless let slip that Washington was "open" to the idea. Whoops.

China's suggestion – backed by Russia, Brazil, and India, and clearly aimed at breaking US dollar hegemony – is making its way onto the agenda of the G20 Summit next week.....
If the G20 opens the door wide enough next week, a world currency may yet come into being.
jimmylynn Wrote: Nov 19, 2012 4:52 PM

"....Bernanke doesn't understand currency and will continue to print money in an effort to help the economy.

It is absolutely the wrong thing to do, but that’s all Bernanke knows,” he said. “He has spent his whole intellectual career studying the printing of money and now America has now given him the printing presses. ...He’s going to run (the presses) just as fast as he can.”

"....Geithner, in his previous position as president of the Federal Reserve Bank of New York, was in charge of overseeing those that the government ended up bailing out, adding, “everything he’s ever done has been wrong."

The United States is scheduled to hit the debt ceiling again as early as December, setting up a showdown between House Republicans and the White House about not only raising the debt ceiling, but by how much. Last summer Congress and the White House faced the same issue and gave it a temporary resolution by slapping a bandaid on it. Now, Treasury Secretary Tim Geithner is already weighing in on this round of debt limit talks, saying the United States should eliminate the debt ceiling altogether.

On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if...