FT: IMF warns on exchange rate wars

[jgarzik]

URL: http://www.ft.com/cms/s/0/304e7430-d0c1-11df-8667-00144feabdc0.html

Governments are risking a currency war if they try to use exchange rates to solve domestic problems, the head of the International Monetary Fund has warned.

The comments by Dominique Strauss-Kahn came before the yen fell as a result of the Bank of Japan shifting towards quantitative monetary easing, cutting its key interest rate and proposing a new fund to buy government bonds and other assets.

“There is clearly the idea beginning to circulate that currencies can be used as a policy weapon,” Mr Strauss-Kahn told the Financial Times on Monday.

[grondilu]

“There is clearly the idea beginning to circulate that currencies can be used as a policy weapon,” Mr Strauss-Kahn told the Financial Times on Monday.

OMG.  He just discovered the moon.

How much is he paid to say such obvious statements ?

[hugolp]

The IMF is not worried about currency being used for political purposes. They are just worried if currencies are not used for their political purposes.

[The Madhatter]

"Give me control of a nation's money and I care not who makes her laws." - Mayer Amschel Rothschild

[Anonymous]

"Give me control of a nation's money and I care not who makes her laws." - Mayer Amschel Rothschild

In b4 new world order