Michele Bachmann

Story here (includes video).

Bachmann Talks Up Anti-Global Money Amendment, Gets 30 Cosponsors

Rep. Michele Bachmann (R-MN) appeared on Glenn Beck's TV show yesterday, to talk up her proposed constitutional amendment to stop the Obama administration from replacing the dollar with a global currency . . . .

Bachmann boasted that she's picked up 30 cosponsors so far, to which Beck replied: "I can't believe that you've only got 30 cosponsors. I mean -- how is it you could walk around going, "I just -- this is just, hey, save the dollar.' And only 30 people are willing to say, 'Eh that sounds like a good thing, let's give that a shot.'"

Bachmann's proposed constitutional amendment states: "The President may not enter 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."

Again, there is no such proposal on the table, to replace the dollar as legal tender in the United States. The proposal going around has to do with the creation of a new unit of exchange and reserves for international trade.

Bachmann seemed to understand part of this distinction during the Glenn Beck appearance, and was warning that the replacement of the dollar as the international standard would by itself seriously devalue the dollar. But she also gave a whole lot of dire warnings about the threat of international institutions subverting the constitution and American authority, so she definitely covered all the bases. . . .