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| 12:35 PM | ||
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| 12:35 PM | ||
Geithner vows U.S. will not devalue dollar | |
| Anonymous Coward User ID: 862727  United States10/19/2010 10:51 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1135108 United States10/19/2010 10:53 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1044765 United States10/19/2010 10:54 AM Report Abusive Post Report Copyright Violation | Geithner vows U.S. will not devalue dollar Quoting: Anonymous Coward 862727By Jim Christie and David Lawder Tue Oct 19, 12:41 am ET PALO ALTO, Calif./WASHINGTON – Treasury Secretary Timothy Geithner vowed on Monday that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health. "It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar. Geithner broke his silence on the dollar's protracted slide ahead of this weekend's meeting of finance leaders from the Group of 20 wealthy and emerging nations in South Korea, where rising tensions over Chinese and U.S. currency valuations are expected to take center stage. "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive," Geithner added. "It is not a viable, feasible strategy and we will not engage in it." cont'd: [link to news.yahoo.com] Damn lawyer speak. Of course it won't be the united states. They don't issue FRN (dollars). It will be the fed that devalues. |
| Anonymous Coward User ID: 1117600 United States10/19/2010 11:03 AM Report Abusive Post Report Copyright Violation | |
TheWatcher User ID: 997697 United States10/19/2010 11:04 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1135110 United States10/19/2010 11:14 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 704847 United States10/19/2010 11:17 AM Report Abusive Post Report Copyright Violation | Geithner vows U.S. will not devalue dollar Quoting: Anonymous Coward 862727PALO ALTO, Calif./WASHINGTON – Treasury Secretary Timothy Geithner vowed on Monday that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health. "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive," Geithner added. "It is not a viable, feasible strategy and we will not engage in it." cont'd: [link to news.yahoo.com] I speak 'weasel-ese' - let me help. "the United States would not devalue the dollar for export advantage" from weaselese - with the Chinese currancy linked the US wont get an export advantage. United States of America and no country around the world can devalue its way to prosperity, to (be) competitive from weasel-ese - duh - devaluation destroys prosperity -expecially those on fixed incomes or with IRAs |
| Anonymous Coward User ID: 1135181 United States10/19/2010 11:18 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 931087 United States10/19/2010 11:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 767699 United States10/19/2010 11:51 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 781636 United States10/19/2010 11:52 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 554016 United States10/19/2010 11:54 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 69144 United States10/19/2010 11:56 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1134364 United States10/19/2010 11:57 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1134883  Canada10/19/2010 11:58 AM Report Abusive Post Report Copyright Violation | |
| TheWatcher User ID: 997697 United States10/19/2010 12:00 PM Report Abusive Post Report Copyright Violation | A month ago Barnanke states the stimulus/economy is failing because people are not spending, now he comes out and states they have to inflate because people are spending too much, lmao, get you're story straight. And in this corner we have an ex GS employee named Timmy! |
| Anonymous Coward User ID: 659511 United States10/19/2010 12:02 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1135138 United States10/19/2010 12:05 PM Report Abusive Post Report Copyright Violation | Geithner vows U.S. will not devalue dollar Quoting: Anonymous Coward 862727By Jim Christie and David Lawder Tue Oct 19, 12:41 am ET PALO ALTO, Calif./WASHINGTON – Treasury Secretary Timothy Geithner vowed on Monday that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health. "It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar. Geithner broke his silence on the dollar's protracted slide ahead of this weekend's meeting of finance leaders from the Group of 20 wealthy and emerging nations in South Korea, where rising tensions over Chinese and U.S. currency valuations are expected to take center stage. "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive," Geithner added. "It is not a viable, feasible strategy and we will not engage in it." cont'd: [link to news.yahoo.com] Of course not, the rest of the world may? |
