Fact Check

Obama Orders Fed to Adopt Euro Currency

Has President Obama ordered the Federal Reserve to adopt the Euro?

Published Nov 27, 2014

Claim:   President Obama has ordered the Federal Reserve to adopt the Euro.


Example:   [Collected via e-mail, November 2014]

Is this a legitimate story? Obama Orders Fed To Adopt Euro


Origins:   On 20 November 2014, the National Report published an article claiming President Obama was changing the currency of the United States from dollars to euros:

In the boldest takeover of Presidential authority in history, Barack Obama ordered the Federal Reserve to adopt the euro beginning October 1, 2015, the start of the next fiscal year. The US will soon share the single monetary system used by 18 European Union member states, including Greece, France, Germany, and Slovakia.

The surprise announcement resulted from secret overseas deals between Obama, foreign finance ministers and the Federal Reserve System. "This step forward," announced Obama, "will make it easier for Americans and Wall Street to compare prices, stabilize the economy, and set us up to again become leaders on the world economic stage."
- See more at: https://nationalreport.net/obama-orders-fed-adopt-euro-currency/#sthash.jttBKsQw.dpuf

Soon afterwards links and excerpts referencing this article were being circulated via social media, with many of those who encountered such references mistaking them for genuine news reports. However, the article was just the latest bit of fiction from the National Report, a web site that publishes outrageous fake news stories such as "IRS Plans to Target Leprechauns Next," "Boy Scouts Announce Boobs Merit Badge," and "New CDC Study Indicates Pets of Gay Couples Worse at Sports, Better at Fashion Than Pets of Straight Couples."

The National Report's (since removed) disclaimer page notes that:

National Report is a news and political satire web publication, which may or may not use real names, often in semi-real or mostly fictitious ways. All news articles contained within National Report are fiction, and presumably fake news. Any resemblance to the truth is purely coincidental.

National Report publisher Allen Montgomery has also stated to the legitimate press that in no way should anyone construe the National Report as real news:

"It is our opinion that if a person is too lazy to check for multiple references [or at least one other source] ... and they spread misinformation around as fact, then they are to blame for their own stupidity, not us," he said.

Last updated:   27 November 2014

David Mikkelson founded the site now known as snopes.com back in 1994.

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