G-7 Abandons The Dollar

The heated climate before the Istanbul meeting led some to expect global policymakers to take a stand, but despite the strong tone, Andrew Wilkinson, senior market analyst at Interactive Brokers, said it was short on action. "It invites investors to test the dollar's lines of resistance in order to see what response, if any, might be forthcoming in the event of a further fall in the value of the dollar," Wilkinson said.

The dollar's loss of value over the past six months has been a cause for concern for the world's financial chief's, Wilkinson said, and reasonably so because the greenback's instability threatens financial markets and economies.

"Many currency traders were braced for some hint of intervention to prevail from this meeting," Wilkinson said, "especially given several verbal warnings or complaints from central bankers and politicians who had warned against dollar weakness."

The problem with intervention is that it would only be partially effective, especially if the U.S. isn't on board. The Treasury Department would never admit this, but for the time being it's in the country's interest to keep its currency low because it stimulates exports for the economy's manufacturing base and lowers the value of the debt that the Treasury is piling up.

The Australian dollar saw gains as the global economic outlook warms and speculation mounts that its central bank will raise rates this week. (See "Aussie ETF Spread Tastier Than Vegemite.") The Aussie wasn't alone though. As Wilkinson pointed out, the G-7 stance appeared to provide a green light for investors waiting to buy the dip in on commodity currencies.

Now...as for your assertion that Palin is pro-amnesty...

You suggested a goggle search...

what is at the top of the list?

a leftwing site crooks and liars(how apporiate)

http://crooksandliars.com/cernig/palin-betrays-base-immigration-amnesty

Based upon what?

quote:

Interviewer: To clarify, so you support a path to citizenship for undocumented immigrants?

Palin: I do because I understand why people would want to be in America. To seek the safety and prosperity, the opportunities, the health that is here. It is so important that yes, people follow the rules so that people can be treated equally and fairly in this country.

Ah...but they cropped her answer...

Here’s the full three questions...and the full answers:

As governor, how do you deal with them? Do you think they all should be deported?

There is no way that in the US we would roundup every illegal immigrant -there are about 12 million of the illegal immigrants - not only economically is that just an impossibility but that’s not a humane way anyway to deal with the issue that we face with illegal immigration.

Do you then favor an amnesty for the 12 or 13 million undocumented immigrants?

No, I do not. I do not. Not total amnesty. You know, people have got to follow the rules. They’ve got to follow the bar, and we have got to make sure that there is equal opportunity and those who are here legally should be first in line for services being provided and those opportunities that this great country provides.

To clarify, so you support a path to citizenship for undocumented immigrants?

I do because I understand why people would want to be in America. To seek the safety and prosperity, the opportunities, the health that is here. It is so important that yes, people follow the rules so that people can be treated equally and fairly in this.

Now this interview was 12 days before the elction...on a spanish speaking netwrok..speaking to potential hispanic voters.....gee...you think she was maybe stumping for some latino votes?

nah...

as to your assertion that merely becuase she was McCain’s running mate...she therfor also supports amnesty is laughable...

This was debunked almost a year ago to the day in fact:

http://rightwingnews.com/mt331/2008/10/sarah_palin_and_illegal_immigr.php

Quote:

....So, back to the Veepstakes. Sarah Palin: I like her. (Producer: “Babe”) Well, she is. She’s a beautiful woman, but she’s also a conservative. Her husband, I think is a shrimper? (pause) He’s a fisherman. I’m not kidding you, and they go out and fish on the weekends. He’s a commercial fisherman. I’m telling you, I think that sells. That sells a lot more than “my friends” and comprehensive immigration reform. And she’s not for comprehensive reform, I can tell you that right now. She’s sick to death of this immigration nonsense in the United States.”

Face it...it’s a psy-op from the left prior to the election....and you are trying to perpetuate that same psy-op here and now...

It’s bunk...and you are zotbait.

Illegal war my ass....

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