Gold spikes after Geithner speaks on dollar
Wed Mar 25, 2009 3:15pm EDT
NEW YORK/LONDON (Reuters) - Gold prices rose sharply on Wednesday as the dollar weakened after U.S. Treasury Secretary Timothy Geithner talked about a system put forward by China that would replace the dollar as the world's reserve currency.
Geithner said he was "quite open" to China's suggestion of moving toward a currency system linked to the International Monetary Fund's Special Drawing Rights (SDRs), a basket of dollars, euros, sterling and yen, as a super-sovereign reserve currency.
http://www.govtrack.us/congress/bill.xpd?bill=hj111-41 Proposing an amendment to the Constitution of the United States to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States.
Interesting... And it didn't even have any scary music... 
I just took a look at the cosponsors They seem to have something in common.
Rep. Tom Price [R-GA]
Rep. Mary Fallin [R-OK]
Rep. Michael Conaway [R-TX]
Rep. Mark Kirk [R-IL]
Rep. John Fleming [R-LA]
Rep. Walter Jones [R-NC]
Rep. Roscoe Bartlett [R-MD]
Rep. John Culberson [R-TX]
Rep. Zach Wamp [R-TN]
Rep. Dan Burton [R-IN]
Rep. Todd Akin [R-MO]
Rep. Tom McClintock [R-CA]
Rep. Joseph Pitts [R-PA]
Rep. Darrell Issa [R-CA]
Rep. Jeb Hensarling [R-TX]
Rep. John Shadegg [R-AZ]
Rep. Bill Posey [R-FL]
Rep. Ronald Paul [R-TX]
Rep. David Roe [R-TN]
Rep. John Gingrey [R-GA]
Rep. Steve King [R-IA]
Rep. Paul Broun [R-GA]
Rep. Henry Brown [R-SC]
Rep. Doug Lamborn [R-CO]
Rep. Virginia Foxx [R-NC]
Rep. Marsha Blackburn [R-TN]
Rep. Judy Biggert [R-IL]
Rep. Glenn Thompson [R-PA]
Rep. Louis Gohmert [R-TX]