Video - Tim Geithner at the Council on Foreign Relations answers a question about a new global reserve currency - Mar. 25, 2009
After news of last week's IMF proposal, we went digging and found this Geithner clip in the wayback machine. This made a brief splash back in early 2009 and was popular among conspiracy theorists, but it has largely been forgotten up to now, and we suspect that many observers simply dismissed it as a meaningless gaffe. However, in light of IMF head Dominique Strauss-Kahn's formal proposal to consider replacing dollars with SDR's (Special Drawing Rights), Geithner's comments look less like a gaffe (in the sense of a mistake), and more like a gaffe as defined by Michael Kinsley: "A 'gaffe' is the opposite of a 'lie.' It's when a politician [accidentally] tells the truth."
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