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 ...
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.
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.
Sure!
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.