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Author Topic: FT: IMF warns on exchange rate wars  (Read 1053 times)
jgarzik
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October 05, 2010, 11:15:15 PM
 #1

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

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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.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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grondilu
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October 06, 2010, 04:13:28 AM
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“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
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October 06, 2010, 06:33:24 AM
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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
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October 06, 2010, 06:50:37 AM
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"Give me control of a nation's money and I care not who makes her laws." - Mayer Amschel Rothschild
Anonymous
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October 06, 2010, 07:44:23 AM
 #5

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

In b4 new world order  Cheesy
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