Sunday, October 18, 2009

Timmy Geithner on the ravaged dollar

Maria Bartiroma: “So what have you done specifically to safeguard the dollar’s decline?

Secretary Geithner: "Well, I think, Maria, if you look generally, you know, I don’t — I don’t talk about developments in the exchange markets, but — I generally don’t do that, but I think if you look at what’s happened over the last year, you’ve seen really a lot of confidence in the U.S. finance, a lot of confidence in the U.S. economy."

A different take here.

And Soros' take, in words.

1 comment:

Anonymous said...

Yeah, Timmy, whatever you say don't utter the words stronger dollar. The markets are banking on the obvious policy of dollar destruction.