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Updated: June 18, 2025


We've begun coordinating economic and monetary policy among our major trading partners. But there's more to do, and tonight I am directing Treasury Secretary Jim Baker to determine if the nations of the world should convene to discuss the role and relationship of our currencies. Confident in our future and secure in our values, Americans are striving forward to embrace the future.

I believe that most thinking men would prefer infinitely some sober and sensible form of a republic, in which there was no mention at all of a king, but which held out some reasonable security to property, life, and personal freedom, to a scheme of tilings like this Démocratie Royale, founded on impiety, immorality, fraudulent currencies, the confiscation of innocent individuals, and the pretended rights of man, and which, in effect, excluding the whole body of the nobility, clergy, and landed property of a great nation, threw everything into the hands of a desperate set of obscure adventurers, who led to every mischief a blind and bloody band of sans-culottes.

So far, however, as I could collect anything certain, I gathered that they have two distinct currencies, each under the control of its own banks and mercantile codes.

We've begun coordinating economic and monetary policy among our major trading partners. But there's more to do, and tonight I am directing Treasury Secretary Jim Baker to determine if the nations of the world should convene to discuss the role and relationship of our currencies. Confident in our future and secure in our values, Americans are striving forward to embrace the future.

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