Obama: No need for a "Global Currency"
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Uploaded by RMARTIN1111 on Mar 25, 2009
During a live, prime-time press conference at which reporters focused almost exclusively on economic matters, President Barack Obama gave his first public opposition to Russia and China's proposal of a world currency to supplant the dollar.
Mere hours earlier, both Federal Reserve chief Ben Bernanke and Treasury Secretary Timothy Geithner said that they would not allow the dollar to be stripped of the premier status, as suggested by the head of China's central bank.
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