Saturday, November 6, 2010

Geithner Tells the Big One

As expected, Treasury Secretary told finance ministers and the media that the U.S. isn't attempting to lower the value of the dollar (Despite the fact that Bernanke is pumping $600 billion in high powered money into the system.)

Geithner said the U.S. is committed to a “strong” dollar and won’t use its currency to gain a competitive advantage, amid concern the Fed’s easing will drive down its value, according to Bloomberg. “We will never use our currency as a tool to gain competitive advantage,” Geithner told reporters.


  1. Maybe Treasury Tim thinks a $54 USDX is a strong Dollar.

  2. "When the lie's so big" FZ RIP

    They got lies so big
    They don't make a noise
    They tell 'em so well
    Like a secret disease
    That makes you go numb
    People, please tell me when
    We'll be rid of these men!
    Just who do they really
    Suppose that they are?
    And how did they manage to travel as far
    As they seem to have come?
    Were we really that dumb?