According to Think Progress, GOP Rep. Michele Bachmann went on Glenn Beck’s radio show today and peddled the conspiracy theory that that the world is moving towards a global currency. Interestingly, Bachmann defended herself by saying, “This isn’t Michele Bachmann being a kook.” Is this in comparison to the other times when she was being a kook?
Here is the audio:
Here is whatBachmann said, “What that means is all of the countries in the world would have a single currency. We would give up the dollar as our currency and we would just go with a One World currency. … If we give up the dollar as our standard, and co-mingle the value of the dollar with the value of coinage in Zimbabwe, that dilutes our money supply. We lose control over our economy. And economic liberty is inextricably entwined with political liberty. Once you lose your economic freedom, you lose your political freedom. And then we are no more, as an exceptional nation, as we always have been. So this is imperative.”
Of course, none of this is true. Obama was asked about unified global currency at his press conference, and he said, “I don’t believe that there’s a need for a global currency.”
Ah, but the conspiracy theorists believe that Tim Geithner is open to the idea, but Geithner was asked by Bachmann at a hearing this week, “Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested this morning by China and also by Russia, Mr. Secretary?” Geithner replied, “I would, yes.”
Although it is impossible to convince conspiracy theorists otherwise, there is no truth to this far right imaginary threat. I don’t even know what else can be said, the Obama administration doesn’t support it. It never was going to happen. It was a figment of the far right’s imagination. Bachmann is crazy. Glenn Beck could possibly be crazier than she is, and these two are becoming the faces of the right. Bachmann makes her entire party look like lunatics. She is a black eye to the GOP. Every time she speaks, she makes people feel better about voting Democrat.
Mr. Easley is the founder/managing editor and Senior White House and Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association