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| 11:36 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 | |
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| 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. |
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TheWatcher  User ID: 997697 United States10/19/2010 11:04 AM Report Abusive Post Report Copyright Violation | |
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| 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 |
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| 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? |
