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Geithner vows U.S. will not devalue dollar

 
Anonymous Coward
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10/19/2010 10:51 AM
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Geithner vows U.S. will not devalue dollar
Geithner vows U.S. will not devalue dollar

By 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]
Anonymous Coward
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10/19/2010 10:53 AM
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Re: Geithner vows U.S. will not devalue dollar
So arbitrary "control" or "manipulation" has been admitted.
Anonymous Coward
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10/19/2010 10:54 AM
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Re: Geithner vows U.S. will not devalue dollar
Geithner vows U.S. will not devalue dollar

By 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]
 Quoting: Anonymous Coward 862727



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
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10/19/2010 11:03 AM
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Re: Geithner vows U.S. will not devalue dollar
it's never official until it's officially denied!!
TheWatcher

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10/19/2010 11:04 AM
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Re: Geithner vows U.S. will not devalue dollar
Of course it won't be the united states.
They don't issue FRN (dollars).

It will be the fed that devalues.

Good guy/bad guy routine
But both working towards the same ends. Keeps people off balance.
Anonymous Coward
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10/19/2010 11:14 AM
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Re: Geithner vows U.S. will not devalue dollar
He is a lying Jew trying to keep people in the Jew controlled Stock Market. It is all a sham/scam.
Anonymous Coward
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10/19/2010 11:17 AM
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Re: Geithner vows U.S. will not devalue dollar
Geithner vows U.S. will not devalue dollar


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 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]
 Quoting: Anonymous Coward 862727



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
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10/19/2010 11:18 AM
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Re: Geithner vows U.S. will not devalue dollar
Does timmy look more like beavis or butthead?

I am torn with this decision.
Anonymous Coward
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10/19/2010 11:20 AM
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Re: Geithner vows U.S. will not devalue dollar
It's been devalued since 1913 Timmy! Have you looked at the USD index lately mate?
Anonymous Coward
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10/19/2010 11:51 AM
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Re: Geithner vows U.S. will not devalue dollar
"It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar.


Which of course means they are doing just that, and will continue to do so
Anonymous Coward
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10/19/2010 11:52 AM
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Re: Geithner vows U.S. will not devalue dollar
"It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar.


Which of course means they are doing just that, and will continue to do so
 Quoting: Anonymous Coward 767699

exactly
Anonymous Coward
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10/19/2010 11:54 AM
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Re: Geithner vows U.S. will not devalue dollar
It is the policy of the fed res to maintain a comfortable amount of inflation.
Anonymous Coward
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10/19/2010 11:56 AM
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Re: Geithner vows U.S. will not devalue dollar
All lies from Geithner, wouldn't expect anything else from that liar.
Anonymous Coward
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10/19/2010 11:57 AM
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Re: Geithner vows U.S. will not devalue dollar
I believe I smell fear.
Anonymous Coward
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10/19/2010 11:58 AM
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Re: Geithner vows U.S. will not devalue dollar
He's a stinking liar.
TheWatcher

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10/19/2010 12:00 PM
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Re: Geithner vows U.S. will not devalue dollar
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
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10/19/2010 12:02 PM
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Re: Geithner vows U.S. will not devalue dollar
Timmy has been eating too much Cock
Anonymous Coward
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10/19/2010 12:05 PM
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Re: Geithner vows U.S. will not devalue dollar
Geithner vows U.S. will not devalue dollar

By 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]
 Quoting: Anonymous Coward 862727



Of course not, the rest of the world may?

News