Who are these guys? Is this spring training for Obamanoids?

After China's demands, and Obama's rejection of a world currency last night one would have thought an administration policy EXISTED, and to our benefit.

But, WHO ARE THESE PEOPLE?

Geithner Remarks on IMF Roil Foreign-Exchange Market

March 25 (Bloomberg) -- Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China's ideas for overhauling the global monetary system, only to drive it back up by affirming that it should remain the world's reserve currency.

Geithner was initially asked at a Council on Foreign Relations event in New York about proposals from People's Bank of China Governor Zhou Xiaochuan for a new international reserve currency. He said "as I understand his proposal, it's a proposal designed to increase the use of the IMF's special drawing rights. And we're actually quite open to that."

The dollar slid as much as 1.3 percent against the euro within 10 minutes of news accounts of Geithner's remarks. The U.S. currency was down 0.6 percent at $1.3553 as of 12:31 p.m. in New York.

CHAOS

RAGNAROK

And the world sees, hears, and recognizes

This guy took office amid the hopes of both those who voted for and those who didn't.

He is proving incompetent at those tasks compulsory for a president to be successful in, and a genius at undermining, avoiding, and violating the oath he took under the guise of this 'emergency'... THE ONE TO UPHOLD AND DEFEND THE CONSTITUTION amid the plans for wrecking his political opposition ANYWHERE to his right.

UPDATE: Why would anyone BUY US Bonds if they have been signaled by the Treasury secretary as maybe being inflated via metric against a 'gold std' world currency as they are repaid?

IT
IS
ALL
RIDICULOUS

Stocks lost ground after a weak auction of U.S. government debt stirred worries about how easily Washington will be able to raise money to fund its economic rescue program.

Investors gave an unexpectedly cool response to a $24 billion auction of 5-year Treasury notes Wednesday, which also sent prices for Treasurys lower.

The government is running up record deficits in order to fund an array of plans to provide stimulus to the economy and support to the ailing financial system.

The market had been higher earlier in the day on enthusiasm over economic reports showing increased demand for big-ticket manufactured goods and higher sales of new homes. Both readings came in better than forecast.