A bill preventing the introduction of foriegn currency

Brava, Michele! This is the sort of representative the people need in Washington, the kind that can see beyond their noses and the next election and do something that is important.

The US is moving closer and closer to socialism while Obama considers embracing a global currency. I saw a debate the other day, the question was "Will America exist as a country in 100 years?". I fear that the answer to that question is "no". I fear that the answer may be that America as we have known it may never exist again, in as little as 4 years, much of our cherished ideals and liberty will have been eradicated.

With China making a move on creating a global monetary unit to at least peg to in international trade relations instead of the dollar this is exactly the kind of signal we have to set. Once you have a global monetary unit, the next step is to eventually have it to be the only monetary unit. Happened to the EU. Yes, it makes things easier, but you also use part of your national identity. It also makes you more dependent on the economic stability of other countries.

But really the wording of this bill does not really stop the President from signing a treaty that would force the US to peg the dollar to a global monetary unit in international trade relations. In fact, we could eventually still get such a global monetary unit as only legal tender as long as the US does the issuing of said legal tender, too. The wording is too broad.

Xfahctor,

Hallelujah and amen!!! Finally, someone with a little sense! I wonder if the administration will take this as a personal afront?

Who do I need to call to tell them to pass it? Should I call my senators (I'm in NY so I am stuck with Chucky Schumer, koolaid drinker extraordinaire who was once quoted publicly advocating the assassination of GWB while he was still in office!), my congressperson, or both?

We could do with this in the U.K. to stop our pound being replaced by Micky Mouse coins (euro)which is not wanted over here but some in the U.K. government seem to want to force it on us.

It would appear that some of recent financial decisions are designed to force the value of the pound to that of the euro in the hope that nobody would be bothered moving to the euro

The US dollar for the most part is the unofficial global currency. Virtually every nation, with the exception of some South East Asia nations, holds billions of US dollars in cash reserves at their central banks. In my view this is not going to change. The Chinese tried to make a play for their own currency to become the world's monetary unit, but it lacks the stability of the dollar. Besides, the Chinese have a habit of manipulating their currency, which the World Trade Organization, finds already unacceptable.

I think the President and Mr. Geithner have said that they're open to the suggestion, but I don't think they really mean it. If we weren't in the middle of a global financial crisis, they would've never mentioned it. I think they're just trying to throw a bone to the Europeans, the Chinese, and the Japanese who are struggling with their own financial problems, as a way to get them to think we might consider it as a possible option. The reality is it wouldn't be a viable option for us, even under the best of circumstances.

I do hope that this makes it out of committee and actually is ratified as an Ammendment to the Constitution. This along with an Ammendment making English the official language of the United States would be wonderful. I should live so long.

Shalom~Adoniah

Is she going to concentrate on passing this waste of time before or after she tries to start a rerun of the McCarthy Hearings? I really hope there aren't many people who take anything Michelle Bachmann says or does too seriously! Look out, Al Franken, Minnesota already has a comedian in Congress. She be da woman...lol!
Annie