Why did Timothy Geithner PROPOSE REPLACING the US DOLLAR w/ an international reserve currency?

The average life expectancy for a fiat currency is about 27 years. The US Dollar is pushing 40 years, it is going to die, just a matter of time. China is looking ahead realizing this.

Too bad the US Government does not have such foresight!

Japan has twice as much debt as we do, a tsunami, and a nuclear melt down hampering industry, and a AAA credit rating because they do not have the TEA party. We just had an argument in front of our banker about whether or not we are going to pay our bills next week with the TEA party showing that they haven't the slightest capability of understanding debt or arithmetic. We were not downgraded for our inability to pay.

We were downgraded because we meaning you have not decided if we will pay. We owe all of our debt in U.S. Dollars that we can print any time we want. We can tax to pay our bills or we can borrow to pay our bills but the TEA party was pretty certain they did not want to do any of the three.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.