Timothy Geithner Wants the International Monetary Fund (IMF) to Have More Power

[FrankRep]

Treasury Sec. Timothy Geithner Urges Greater IMF Role in Currencies


Associated Press
Oct 9, 2010


Treasury Secretary Timothy Geithner is urging the International Monetary Fund to play a bigger role in monitoring how countries manage their currencies.

Geithner told the IMF's top policy committee on Saturday that the 187-nation lending institution must speak more forcefully about exchange rate policies.

Geithner's remarks are the latest effort by the United States to bring more pressure on China to allow its currency to rise in value against the dollar. American manufacturers believe China is unfairly manipulating its currency to gain trade advantages.


SOURCE:
http://apnews.myway.com/article/20101009/D9IO7D300.html

 

[FrankRep]

Background:




The Emerging Global Federal Reserve

As powerful as the Federal Reserve is, just imagine how much more powerful a global Fed would be in terms of its ability to control the global economy and an emerging world currency. By Alex Newman​

Waking up to a World Currency

If global financial elites have their way, America will move quickly toward accepting a planetary fiat currency (a currency not backed by a precious commodity like gold) issued by a world central bank. by Alex Newman​

IMF Report Promotes Global Fiat Currency, World Central Bank

An April report from the International Monetary Fund promoting a world central bank and a global fiat currency went totally undetected by the global press for months, but after a blog post earlier this month, it is now in the media spotlight. By Alex Newman​

IMF as the Global Federal Reserve: G20's Agenda Behind the Agenda

A main component of the G20 Summit in Toronto was the continuing push to promote the International Monetary Fund (IMF) and the new Financial Stability Board (FSB)as the global regulators and the global Federal Reserve in the new economic order. by William F. Jasper​

Interesting:

Leader of the International Monetary Fund (IMF) is a Socialist
http://www.ronpaulforums.com/showthread.php?t=253012

 

[pmbug]

The IMF doesn't have the power to stop a currency war.

 

[FrankRep]

The IMF doesn't have the power to stop a currency war.

Not yet, but Timothy Geithner wants the IMF to have more power.

 

[FrankRep]

The IMF doesn't have the power to stop a currency war.

Thankfully China rejected the IMF. However, Dominique Strauss-Kahn (Socialist) isn't going to back down, he wants more Power.



IMF Meeting Fails to Resolve Conflict Over Currencies

Wall Street Journal
Oct. 10, 2010

Chinese central bank officials rejected calls for an international or regional currency accord, and the World Trade Organization's chief said his institution didn't want to get involved in exchange-rate fights.
...

With the two sides at loggerheads, IMF Managing Director Dominique Strauss-Kahn said the IMF will take a bigger role in currency issues. On Friday, he suggested a "systemic stability initiative," in which the IMF would work on a number of fronts to ease currency battles. But by the end of the IMF meeting on Saturday, he described a narrower effort where the IMF would focus its reviews of country policies more heavily on currency issues. He said he also will attend the country-review sessions on China, as he already does with those on the U.S. and the euro zone.

Some European officials backed a broader role for the IMF, but the IMF's ability to act is limited because it can't enforce its judgments. The U.S. official said the IMF should continue to play an advisory role to the G-20.​

 

[ctiger2]

Of course he does. The IMF is issuing SDR's which will be the One World Currency controlled by the Federal Reserve Banking Cartel. They will back it with a percentage of Gold to fake people out too.

 

[pmbug]

... but the IMF's ability to act is limited because it can't enforce its judgments. ...

Therein lies the key. As long as a country isn't hooked on the dealer's crack, they aren't beholden to slob his knob.

 

[jkr]

...and power moves further elswhere...

 

[HOLLYWOOD]

G8 cut deals, then the G20 get deals cut, then onto the poorer nations. It's only a matter of time.

Bit by bit, the dominoes will fall and submit... debt is slavery and control. Another path to new world order by the Money Masters.

 

[FrankRep]

420 Largest Banks Demand Global Currency, World Federal Reserve
International finance group seeks remedy to looming exchange wars


World Net Daily
October 10, 2010

 

[DFF]

Noooo....no more private banking cartels being given more power to issue money. We're still traveling down the road to hell these international bankers have paved with their insatiable greed. The only entity that should be given additional power regarding a national currency is a national government - period. Not some XYZ Rothschild/Warburg/Rockefeller created and controlled scam-a-lot private bank.

 

[RonPaulGetsIt]

Ever since someone pointed out the resemblance all I can think of is Beavis when I see Geithner.

 

[Stary Hickory]

If a real currency crisis hits the IMF is statists last hope of retaining power. Without a fiat backed currency the current stranglehold over the economy and the people is not possible.

IMF over my dead body.