Wednesday, March 25, 2009

Will The Dollar Remain Reserve Currency?

Treasury Secretary and tax cheat, Timothy "Turbo Tax" Geithner said today that the U.S. dollar is still the world's reserve currency, though he also expressed openness to exand the use of an IMF currency basket.

Turbo Tax, when asked during an audience question and answer period following a speech in New York, whether he foresaw a change in the dollar's global role said, "No, I do not.  The dollar remains the world's dominant reserve currency and I think that's likely to continue for a long period of time."

The fact that the question was even brought up is cause for concern, as well as his less-than-certain response.  Other world economic and banking leaders have been recently suggesting a change.


Anonymous,  March 25, 2009 at 4:39 PM  

He went both ways on this topic and is caught in a lie. This will be a big deal.

Chuck March 25, 2009 at 10:05 PM  

There's an awful lot of "we won't do this, but..." going on here

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