Lord help us… Senators Chuck Schumer and Lindsey Graham are at it again, this time pushing a monumentally bad idea, called the Currency Exchange Rate Oversight Reform Act through the Senate: The world has done surprisingly well since the Great Recession began at not making things worse with trade protectionism. But that may soon change [...]
Sarah Palin: Dollar’s Troubles Show Need for Energy Independence
October 7, 2009 By Leave a Comment
Two days ago the British newspaper The Independent published a rather dubious report by Robert Fisk claiming that oil-producing Arab states along with China, Russia, Japan and France were conspiring on a plan to dump the dollar for oil trading, a move which would seriously weaken our currency and influence abroad. The Arab states named [...]
Tim Geithner is a Laughingstock in China, Too
June 1, 2009 By Leave a Comment
Ouch, Treasury Secretary Tim Geithner who has become pretty much a permanent punch line here is apparently a laughingstock in China too (emphasis mine): U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. A major [...]
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