After Brazil's Finance Minister declared a foreign currency war was underway, US Treasury Secretary Tim Geithner immediately denied the existence of a trade war of competitive currency devaluation.
It appears the IMF and G20 disagree with Geithner. Gee, leading US government officials are in denial on our faltering economy and the USDollar--what a surprise.
http://www.reuters.com/article/idUSTRE69520P20101006
http://www.reuters.com/article/idUSTRE6950OE20101006
Wednesday, October 6, 2010
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