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Geithner vows to defend strong US dollar policy
Breitbart ^ | Apr 26 2011 - 09:45 AM | AFP

Posted on 04/26/2011 9:30:05 AM PDT by Hoodat

US Treasury Secretary Timothy Geithner vowed Tuesday that the United States would never follow a strategy to weaken the US dollar.

"Our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country," Geithner said at a New York conference organized by the Council of Foreign Relations.

"We will never embrace a strategy to weaken the dollar."

It was the first time this year that Geithner had publicly proclaimed a US strong-dollar policy, a mantra of treasury secretaries for more than a decade.

In the year to date, the dollar has lost 6.5 percent of its value compared with a basket of currencies held by its major trade partners.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Extended News; Front Page News; Government; News/Current Events
KEYWORDS: federalreserve; geithner; liar; taxcheat
Truth does not exist in these people. This Administration has weakened the dollar to the point of double-digit inflation, yet they have the effrontery to suggest that they have continually supported a strong dollar?

WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
DEMOCRATS ARE PATRIOTS

1 posted on 04/26/2011 9:30:11 AM PDT by Hoodat
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To: Hoodat
Geithner vows to defend strong US dollar policy

Too late.

2 posted on 04/26/2011 9:32:10 AM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: Hoodat
Wow.

Just Wow.

3 posted on 04/26/2011 9:32:11 AM PDT by ClearCase_guy
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To: Hoodat

Well said and unfortunately true.


4 posted on 04/26/2011 9:32:11 AM PDT by Sprite518
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To: Hoodat
"Geithner vows to defend defund strong US dollar policy"
5 posted on 04/26/2011 9:33:29 AM PDT by avacado
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To: Hoodat

” Look at which company stands to get the most out of this and buy buy buy. “

A year, or even six months ago, I would have suggested that you re-check the source - perhaps you meant to type “ONION”, and “BREITBART” came out....

Now, it’s become commonplace for so much that the Obama Regime says or does to far outstrip anything a satirist, in his most nihilistic moment, could come up with....


6 posted on 04/26/2011 9:34:28 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Hoodat
The barn door is wide open.
The horse is long gone.
Closing the door now is a little late.
7 posted on 04/26/2011 9:34:44 AM PDT by DeaconRed (Have you ever seen Dallas from a DC-9 At night? Joe Ely has)
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To: Hoodat

“”We will never embrace a strategy to weaken the dollar.””

Then what have they been doing for the past 2 years? This Ivy Leaguer is either a moron for letting the dollar weaken over the last two years or he is brilliant in his Marxist strategy of weakening the dollar.


8 posted on 04/26/2011 9:35:04 AM PDT by EQAndyBuzz (Who is John Galt?)
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To: Hoodat

REAL PATRIOTISM IS TREASON


9 posted on 04/26/2011 9:36:00 AM PDT by SteamShovel (The RADIATION PIMPS...are RATS)
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To: Hoodat

He’s right. They are not following a strategy to weaken the dollar, they are blazing a trail.


10 posted on 04/26/2011 9:36:10 AM PDT by Michael Barnes
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To: Hoodat
Good job, Little Timmy Tax Cheat:


11 posted on 04/26/2011 9:37:08 AM PDT by Uncle Miltie (0bamanomics: Trickle Up Poverty.)
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To: Hoodat
Well Timmy (or maybe more aptly, Timmah! from South Park), how do you explain the fact the US dollar has been taking it on the cheek for the last several years??? $1 USD is now worth $.95 CDN. 20 years ago, $1 USD was worth $1.25 CDN.

Globally, the US is getting our ass handed to us on a silver platter when it comes to the strength of our currency.
12 posted on 04/26/2011 9:38:19 AM PDT by NWFLConservative
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To: Hoodat

Timmy’s pants must be smokin’.


13 posted on 04/26/2011 9:39:40 AM PDT by Paladin2
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To: Hoodat

>> “We will never embrace a strategy to weaken the dollar.”

Well, I’ll be. I never figured I’d laugh so hard I’d pee from something *Geithner* said.

These Obama people occupy a surreal world that’s quite removed from my own. How do they do it? Drugs?


14 posted on 04/26/2011 9:40:43 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Paladin2

http://www.youtube.com/watch?v=S8rCy173y7Y


15 posted on 04/26/2011 9:41:47 AM PDT by Paladin2
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To: Hoodat
"We will never embrace a strategy to weaken the dollar."

Hey Tiny Tim, explain this: In what ways would a strategy to weaken the dollar differ from the policies you currently have in place?

16 posted on 04/26/2011 9:43:15 AM PDT by Paine in the Neck (Napolean fries the idea powder.)
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To: Hoodat
"We will never embrace a strategy to weaken the dollar."

Here's a classic textbook case of Liberalism 101. Liberals are moral relativists, and as such, truth and lies are whatever they make it to be as it best serves their purpose at that time. If it's to their advantage, then whatever they say, they will strongly defend it to be the absolute truth (at that time). They have no remorse in looking you square in the eye and without blinking tell you that they mean you no harm, while at the same time be slipping a dagger deep into your back.

17 posted on 04/26/2011 9:44:01 AM PDT by OB1kNOb (Enough with the tornadoes already!)
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18 posted on 04/26/2011 9:47:16 AM PDT by TheOldLady
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To: Hoodat
That confirms it, Tim is Baghdad bobs son.
19 posted on 04/26/2011 9:53:00 AM PDT by org.whodat
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To: Hoodat

The idiot vowed to raise the debt ceiling the other day so this is all he means really.


20 posted on 04/26/2011 9:54:30 AM PDT by Dubya-M-DeesWent2SyriaStupid! (If Obama announced his resignation that would probably bring gas to $2.30 within an hour.)
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To: Hoodat

That may be his goal however he is clueless as to how to do it.


21 posted on 04/26/2011 9:54:52 AM PDT by edcoil (Democrats doing to America what Reagan did to russia. Driving it to bankrupcy.)
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To: Hoodat
We will not weaken the dollar. We will simply cause it to fall in value compared to other currencies.

It's like I used to say to my cubicle co-workers: "Oh sorry, I wasn't eavesdropping ... I was just listening to your conversation."

22 posted on 04/26/2011 9:57:20 AM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: Hoodat

Helicopter Ben must have told him to slow down the metals bull market with rumors of a strong dollar. I guess they’ll pursue a strong dollar policy after they shore up the $1.6 trillion budget deficit.


23 posted on 04/26/2011 9:57:34 AM PDT by RC one (Donald Trump-I'm listening.)
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To: Hoodat

-—”Our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country,”-—

Yes it is in our best interest. Problem is you and your ilk don’t give a rat’s @$$ about what’s good for the country.


24 posted on 04/26/2011 9:58:25 AM PDT by MichaelCorleone (Sarah Palin is America's Margaret Thatcher)
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To: EQAndyBuzz

What do you mean past 2 years? How about the 8 years during Baby Bush’s administration trying to deflate the dollar to spur exports. Greenscam spewed the same words all during Bush’s tenure all the while the dollar continued to sink against the Euro. I went to Paris in 2000 and back then the dollar was at par with the Euro. When Bush left office, the dollar was about $1.50/Euro.

No, dollar devaluation has been going on a long time. The only difference is that Greenscam wanted mild devaluation to spur exports. BurnYankee wants strong devaluation to spur a few years of double-digit inflation to reflate house values and to prop up the national debt against devalued dollars.

If they could magically double the price of all wages and assets by depreciating dollars 50%, that would double GDP in nominal terms while the debt stays the same in absolute terms, halving the national debt against the now “doubled” GDP.

This is the plan, but it is not as if Baby Bush wanted a strong dollar, he just didn’t devalue it as rapidly.


25 posted on 04/26/2011 10:25:47 AM PDT by Freedom_Is_Not_Free (Don't confuse Obama's evil for incompetence.)
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To: Hoodat

He can really lie like it’s nothing. The level of moral turpitude required to be that destructive, in plain sight, and lie to everybody your screwing, in front of them, while you are screwing them. He would be fascinating to study in a cage.


26 posted on 04/26/2011 10:29:27 AM PDT by allmost
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To: Hoodat
Timmy, I told you that sniffing the printer's ink at the Bureau of Engraving and Printing would kill your brain cell.

And, no, I don't think your crayon colored version of the 100 trillion dollar bill is a good idea.

27 posted on 04/26/2011 10:33:31 AM PDT by KarlInOhio (Extremism in the defense of liberty is no vice! Tea Party extremism is a badge of honor.)
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To: Hoodat
"We will never embrace a strategy to weaken the dollar."

LOL. The dollar's been nosediving ever since W went on a spending spree, demonstrated that he was economic idiot, and stated that he supported a strong dollar. Obama's been following in his footsteps.

The weak dollar is a consequence of their America destroying polices to help the elites, and screw everybody else. They don't need to embrace a separate strategy.

28 posted on 04/26/2011 10:35:01 AM PDT by Moonman62 (If gullible, uneducated and uncivilized people didn't exist, politicians would create them.)
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To: Hoodat
I promise to defend strong US dollar policy ...

... by bailing out banks and labor unions, helping to pass pork spending bills, handing out money to special interests, taking care of my colleagues at Goldman, supporting the unlimited printing of money, and not paying my taxes.

29 posted on 04/26/2011 10:51:45 AM PDT by Zakeet (I know Obama is level headed because he drools out of both sides of his mouth at the same time)
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To: Hoodat
What strong dollar policy? Geitner is a joke. He may be the worst Treasury Secretary in history...

Mike

30 posted on 04/26/2011 10:54:32 AM PDT by MichaelP (The ultimate result of shielding men from the effects of folly is to fill the world with fools ~HS)
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To: Zakeet
I just realized that Timmy looks like Gilbert Gotfried...

Mike

31 posted on 04/26/2011 10:56:41 AM PDT by MichaelP (The ultimate result of shielding men from the effects of folly is to fill the world with fools ~HS)
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To: Hoodat

I think Geithner, Napalitano, and Obama are using the same “Life Coach”.


32 posted on 04/26/2011 11:06:01 AM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: allmost

These people are all in serious peril if they ever plan on using their law degrees. Fraudulent statements can get you disbarred.


33 posted on 04/26/2011 11:08:20 AM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: Hoodat

Oceania is at war with Eastasia. Oceania has always been at war with Eastasia.


34 posted on 04/26/2011 11:14:14 AM PDT by Deo volente (God willing, America will survive this Obamination.)
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To: Hoodat
"Geithner vows to defend strong US dollar policy"

Uhhh, when?

35 posted on 04/26/2011 11:17:17 AM PDT by A Texan (Oderint dum metuant)
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To: blackdog

Billions ‘reallocated’. They are set. Greed for the sake greed is only international monetary momentum.


36 posted on 04/26/2011 11:23:18 AM PDT by allmost
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To: Uncle Miltie
Great chart! Really puts things into perspective.

There are some things that Timmy and O can put into place to strengthen the dollar.

1) Tighten credit by 6+ basis points. Credit is too cheap.

2) Make it the govt's mission to INsource the jobs that American's have lost to outsourcing in the last 2 decades. And stop insourcing foreigners on various H1B programs to STEAL American jobs! (of course that would probably stop companies from bribing congressmen through campaign contributions!)

3) Close the borderS so that American's can do the jobs that American's won't do.

4) Repeal the Community Reinvestment Act so we don't have another explosion in the mortgage markets.

5) If banks are in too deep with derivatives, then let them deal with them themselves. NO MORE BAILOUTS!!!

6) Identify banks that are 'too big to fail' and break them up as monopolies.

7) Don't appoint anyone else from Goldman Sacs as Treasury Secretary.

8) Stop the Fed from printing money that doesn't have some basis in reality.

9) Stop with the borrowing to get out of debt idiocy already!

And finally #10) BALANCE THE FRICKIN BUDGET ALREADY! DON'T RAISE THE DEBT CEILING AGAIN!!

Not that it'll do any good. I just wasted a few breaths I guess.

37 posted on 04/26/2011 11:25:47 AM PDT by HeartlandOfAmerica (Insane, Corrupt Democrats or Stupid, Spineless Republicans - Pick America's poison.)
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To: EQAndyBuzz
This Ivy Leaguer is either a moron for letting the dollar weaken over the last two years or he is brilliant in his Marxist strategy of weakening the dollar.

He is also a brilliant swindler who says one thing and does another, after his insider buddies have placed their bets accordingly.

38 posted on 04/26/2011 11:31:56 AM PDT by mas cerveza por favor
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To: HeartlandOfAmerica

Because your plan is largely logical, it has no chance of actually being implemented.


39 posted on 04/26/2011 11:32:11 AM PDT by Uncle Miltie (0bamanomics: Trickle Up Poverty.)
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To: Zakeet

” ... by bailing out banks and labor unions, helping to pass pork spending bills, handing out money to special interests, taking care of my colleagues at Goldman, supporting the unlimited printing of money, and not paying my taxes. “

Good job

A


40 posted on 04/26/2011 11:34:34 AM PDT by stephenjohnbanker
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To: Uncle Miltie
YEah, I suspect you're right.

We need a new law. All politians need to have at least 20 years experience working in a real world job outside of politics or law before they can be placed on a ballot anywhere in the Union.

lol. Another fat chance.

41 posted on 04/26/2011 11:43:54 AM PDT by HeartlandOfAmerica (Insane, Corrupt Democrats or Stupid, Spineless Republicans - Pick America's poison.)
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To: Hoodat

Giethner needs to take a urine test for illegal drugs.This guy,Obama and the Federal Reserve destroyed the U.S.Dollar already and he claims he’s going to protect it.

A day late and Eighty trillion dollars short.


42 posted on 04/26/2011 12:32:21 PM PDT by puppypusher (The World is going to the dogs.)
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To: Hoodat

Sure!


43 posted on 04/26/2011 1:48:06 PM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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