Michelle Malkin talks about Geithner’s most recent comments on China’s talk about overhauling the global monetary system.

snip….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.â€?

There’s more with the original story from Bloomberg.

It’s interesting because this morning I got Bobbie Patray’s daily email and her question was “Who is Timothy Geithner?” Bobbie refers us to a January 19th column by Cliff Kincaid.

The Big Money Behind Geithner

snip….Who is behind Geithner and why? And why does Obama want him? This is where the media fear to tread. As we have pointed out, major media companies such as GE (parent of NBC News) and the Washington Post Company have their own connections to Geithner through their own officials and board members. They have a conflict of interest that will never be reported by the news organizations themselves.

snip….The President of the New York Federal Reserve Bank, the Chinese-speaking Geithner is an associate of Henry Kissinger who can be counted on to convince the Chinese Communists to continue to buy U.S. debt and finance Obama’s massive expansion of federal government power. That is why Obama and his fellow Democrats are putting so much faith in him.

As Henry Kissinger recently put it, when he was celebrating U.S.-China relations on the floor of the New York Stock Exchange, Obama’s mission is to usher in a “New World Order.� He forgot to mention, of course, that it is a China-dominated New World Order in which the U.S. has become a subsidiary of China Inc.

Kissinger did comment that Obama had “appointed an extraordinarily able group of people in both the international and financial fields.� He didn’t name names, but that obviously includes Geithner, who used to work for Kissinger Associates.

It also turns out that Geithner’s father, Peter F. Geithner, serves on the board with Kissinger of the National Committee on U.S.-China Relations. This is the group that rang the opening bell at the New York Stock Exchange, celebrating Chinese investments in the U.S. economy. In another interesting connection, it turns out that Peter F. Geithner was with the Ford Foundation and oversaw the work of Obama’s mother, Ann Dunham, developing what are called microfinance programs in Indonesia.

snip….Geithner is a wheeler-dealer for powerful special interests.

If you examine the nature of the “Group of Thirty,� an affiliation which appears at the bottom of his biography, right after his Council on Foreign Relations membership, you will quickly learn that the President of the New York Federal Reserve Bank is an associate of the governor of the Chinese central bank through this mysterious organization of bankers and other top current and former officials from various countries. You will notice that other Obama nominees and associates are members, including Paul Volcker and Lawrence Summers.

You will also learn that this organization has been funded by―surprise―some of the same financial institutions getting federal bailout money. These include American International Group, Goldman Sachs and Citi, among others. Because it has a website and publishes an annual report, all of this seems open and above board. But the fine print reveals that some of the meetings are by “invitation only.�

The entire list of “contributors and supporters� of the “Group of Thirty� is quite impressive. You will find not only U.S. financial institutions getting bailout money, but central banks around the world and Arab financial interests. In addition, you also find private financial interests, including the hedge fund operated by billionaire and Obama contributor George Soros.

None of this was talked about at the time of Geithner’s nomination by any of the drive bys. So now we have a Chinese sympathizer with close association with the governor of the Chinese central bank!

You ever wonder if maybe this drive to devalue the dollar by the Obama administration is deliberate?

Barack Hussein Obama, China, Timothy Giethner, Secr of Treasury, Group of Thirty, Henry Kissinger, devaluation of dollar

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