This comes after Bachmann questioned Tim Geithner over China’s proposal to adopt a global currency — more accurately, an exchange unit made up of a basket of individual countries’ currencies — rather than relying on the dollar as a reserve currency. You might recall that Bachmann interpreted this to mean the United states could abandon the dollar.
So is Bachmann trying to legislate against other countries and the global economy adopting different exchange mechanisms or reserve currencies? The answer is no. “She’s talking about the United States,” Bachmann spokesperson Debbee Keller told Greg Sargent. “This legislation would ensure that the U.S. dollar remain the currency of the United States.”
Of course, nobody was even remotely pitching the idea of replacing the U.S. dollar here in the United States.