Thursday, February 12, 2009

Obama Economics or World Financial Plan?

Who is Pulling Geithner’s Strings?

AIM Column | By Cliff Kincaid | February 11, 2009

Geithner may not have all the answers because he has not gotten his marching orders. Those orders come from China, the global elite and the international bankers. After giving non-answers to Congress, Geithner is preparing to take off for a G-7 Meeting of Finance Ministers and Central Bank Governors in Rome, Italy. These foreign finance officials may determine the nature and fate of Geithner’s “stability and recovery” plan.

These top finance officials include central bank governors, who play a role in what press reports described as “economic coordination among the top industrialized nations.”

One key global player is China. “Geithner spoke late on Sunday evening with Chinese Vice Premier Wang Qishan,” Reuters reported. Hence, Geithner was talking to a Chinese official even before he outlined his “plan” to the American people and the Senate. This was the second such conversation in a week.

In a statement, the Treasury Department said that Wang and Geithner “agreed that strong cooperation on macroeconomic financial and regulatory matters was an essential part of the U.S. relationship with China and that it was important to sustain close dialogue, particularly at this time of global financial turmoil.”

If you're going to Trust the Libs, then at least maybe you'll do some Verification.

No comments: