Skip to comments.
Geithner vows U.S. will not devalue dollar
reuters ^
| 10/18/10
| Jim Christie and David Lawder
Posted on 10/18/2010 7:19:19 PM PDT by Nachum
(Reuters) - 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."
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: devalue; dollar; geithner; vows
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-47 next last
1
posted on
10/18/2010 7:19:22 PM PDT
by
Nachum
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
2
posted on
10/18/2010 7:20:14 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Nachum
Looks like I have to protect my assets against a severe devaluation of the dollar. If the Obama Regime is denying it, that means it’s imminent.
3
posted on
10/18/2010 7:23:12 PM PDT
by
Pollster1
(Natural born citizen of the USA, with the birth certificate to prove it)
To: Nachum
...saying no country could weaken its currency to gain economic health. Fool
To: Nachum
The printing presses will do that.
5
posted on
10/18/2010 7:24:06 PM PDT
by
GeronL
(http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
To: Nachum
This is the same as when a Pro Football Team owner says this about a 1-5 Team Coach: “I’m behind him 100%!”
Next week he gets the hook!
6
posted on
10/18/2010 7:24:26 PM PDT
by
TaMoDee
To: Nachum
He does not have to devalue the $. The rest of the world is doing it for him.
7
posted on
10/18/2010 7:25:19 PM PDT
by
Truth is a Weapon
(If I weren't afraid of the feds, I would refer to Obama as our "undocumented POTUS")
To: Nachum
OOOOOO-GAAAAAAAAHHHHHHH!!!! OOOOOO-GAAAAAAAAHHHHHHH!!!! OOOOOO-GAAAAAAAAHHHHHHH!!!!
RED ALERT!!!
MONETARY DEVALUATION DEAD AHEAD!!!
8
posted on
10/18/2010 7:25:27 PM PDT
by
E. Pluribus Unum
("The only stable state is one in which all men are equal before the law." -- Aristotle)
To: Pollster1
Uhmmm, er, ah, ummm... what the heck does he think QE2 is?
9
posted on
10/18/2010 7:25:32 PM PDT
by
patton
(Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
To: Nachum
What’s left of the dollar to devalue. Barack has already taken care of that.
10
posted on
10/18/2010 7:25:39 PM PDT
by
JimmyMc
To: Nachum
IS THIS A JOKE???!!!!! They have done EVERYTHING in their power to flush the $$$$$ down the toilet.
To: Nachum
That horse has left the barn and can be found somewhere in a pasture in Sechuan Province.
12
posted on
10/18/2010 7:28:31 PM PDT
by
jwalsh07
To: Nachum
Ben, put your helicopter back in the hangar.
13
posted on
10/18/2010 7:29:03 PM PDT
by
devere
To: Nachum
We hear ya Timmy
14
posted on
10/18/2010 7:29:33 PM PDT
by
ChildOfThe60s
( If you can remember the 60s....you weren't really there)
To: Nachum
George Soros is doing it for them.
15
posted on
10/18/2010 7:29:42 PM PDT
by
DTogo
(High time to bring back the Sons of Liberty !!)
To: Nachum
Are they gonna stop printing money or something?
16
posted on
10/18/2010 7:31:04 PM PDT
by
MissyMack66
(Obama is a nut job.)
To: Nachum
Treasury Secretary Timothy Geithner... My dog is smarter than this IQ challenged POS.
17
posted on
10/18/2010 7:32:16 PM PDT
by
LasVegasMac
(Islam is a disease.)
To: Nachum
Geithner lies. The US is already devaluing the dollar. Increasing the money supply for the expressed purpose of funding deficit spending has a tendency of devaluing currency.
18
posted on
10/18/2010 7:32:20 PM PDT
by
Hoodat
( .For the weapons of our warfare are mighty in God for pulling down strongholds.)
To: barbarianbabs
“IS THIS A JOKE???!!!!! They have done EVERYTHING in their power to flush the $$$$$ down the toilet.”
We’re zig-zagging our way to zero. I guess that right now golden sacks wants to make some trading profits long the dollar and short gold.
19
posted on
10/18/2010 7:33:02 PM PDT
by
devere
To: E. Pluribus Unum
MONETARY DEVALUATION DEAD AHEAD!!!
Whenever Washington District of Corruption says they will not do something you can be assured the plan is already in place, just waiting to pull the trigger.
20
posted on
10/18/2010 7:33:33 PM PDT
by
Cheerio
(Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-47 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson