U.S. Treasury Secretary Tim Geithner, whose duty it is to be the chief financial officer of the United States, sure has his mind on other things.  Geithner has been carrying the water of the International Monetary Fund (IMF), demanding that as the United States faces its most severe budget deficits in history that we inject $100 billion more in funding to this international banking group.  Instead of seeking ways to balance our own budget, Geithner is interested in assisting the IMF in it's desire to begin issuing bonds, which will compete with U.S. Treasury bonds in the world debt markets.  Think of this... we are in a situation of massive debt issuance in order to pay for the increased spending and bailouts to Wall Street banks (which need bailouts due to paper losses sustained as they all stopped selling mortgage bonds to each other).  And against this backdrop, with a duty to the fiscal security of the United States, Geithner proposes $100 billion in funding to IMF as they seek to compete with the United States in world debt markets, making our borrowing more expensive or impossible.  Understand further that even right now, before the IMF begins its program of becoming the world's lender, the Federal Reserve Bank is already monatizing our debt; buying treasury securities because the rest of the world is not absorbing the massive thurst for debt financing of the Obama administration.  We have already reported that Geithner is "open to the idea" of China transferring its reserves into SDR's instead of United States Dollars, which would place their $2 trillion on the auction block, eroding their value against the yen and euro to be sure.  On April 26, Geithner addressed the IMF and World Bank Development Committee and made some stunning remarks that you need to be aware of, but likely will never see any place else.  Geithner's concerns seem to lie in transferring resources and wealth to everyone except the United States.  His address is about Multilateral Development Banks, and his desire to expand and empower them.  Translation: take the Federal Reserve model and make it global: give the banks control of the entire world financial system, and transfer national control to international organizations.  As is always the case with globalists, he maintains unfettered support of free trade and raises "cooperation during crisis" and "global climate change" as reasons to empower international organizations.   A few highlights:

"The drop in trade flows is leading to precipitous declines in export revenues in developing countries, and maintaining access to international markets will be key to a balanced, sustainable global recovery". 

"A top priority must also be support for the poorest countries, including fragile and post-conflict countries that will disproportionately feel the effects of the crisis."

"Second, we should examine the relative roles of the international financial institutions, both in more normal economic circumstances and in times of crisis.  We need a clear division of labor that reflects the comparative strengths of each institution, both in the low income countries, and in those countries with strong external reserves and more developed financial systems.  This will include assessing how well the MDBs coordinate with each other to address major development priorities, such as the environment.  The World Bank Group is already making an exceptional contribution by leading a coordinated effort through mitigation and adaptation activities to combat the affects of climate change.  We applaud the World Bank Group and our international partners for working together to launch the Climate Investment Funds, which will make an immediate impact in addressing climate change."

"Finally, I want to affirm that the United States is on track to meet its Gleneagles Commitments to double Overseas Development Assistance (ODA) to Sub-Saharan Africa by 2010.  U.S. ODA was $7.6 billion in 2008, putting us close to our goal of $8.7 billion by 2010"