It's a 3-minute clip...Rick begins at the 1:30 mark. Do not miss it.
- "If you were in the role of having to use a currency that wasn't yours, that was a reserve currency, that had all of the dynamics of the dollar, how many secret meetings would you have on your schedule?"
- "We went through an entire credit crisis where everybody ignored the Roubinis, ignored all the handwriting on the wall for years, are we going to do the same thing with our currency?"
- "Being a reserve status, having our chips good in every casino around the world is a process that took generations to establish. Why should we let it fall by the wayside without a fight?"
Let it not be said of this time in history, as we witness the destruction of the currency that our forebears fought to establish, that no one cared. Or that no one spoke up.
Richard Santelli for Treasury Secretary
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