Yahoo! News has reports Treasury Secretary Timothy Geithner said on Friday, “the United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar’s status.” (emphasis mine)
“Once the economy recovers”?!?!? Imagine if the people and the government had been “living wihin its means” all along, the economic meltdown would have never happened, because there wouldn’t have been an artificial expansion of false wealth.
This on the heels of news that the Euro & Yen are now becoming the preferred international reserve currency (Dollar loses reserve status to yen & euro).
With Geithner and Bernanke at the helm of the sinking ship known as the US Economy, the dream to “End The Fed!” may be closer than it appears.