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FT: IMF warns on exchange rate wars
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Topic: FT: IMF warns on exchange rate wars (Read 1330 times)
jgarzik
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FT: IMF warns on exchange rate wars
October 05, 2010, 11:15:15 PM
#1
URL:
http://www.ft.com/cms/s/0/304e7430-d0c1-11df-8667-00144feabdc0.html
Quote
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, Bloq CEO, former bitcoin core dev team; opinions are my own.
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grondilu
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Re: FT: IMF warns on exchange rate wars
October 06, 2010, 04:13:28 AM
#2
Quote from: jgarzik on October 05, 2010, 11:15:15 PM
“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 ?
Check out my
bitcoin bash library
hugolp
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Radix-The Decentralized Finance Protocol
Re: FT: IMF warns on exchange rate wars
October 06, 2010, 06:33:24 AM
#3
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.
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The Madhatter
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Re: FT: IMF warns on exchange rate wars
October 06, 2010, 06:50:37 AM
#4
"Give me control of a nation's money and I care not who makes her laws." - Mayer Amschel Rothschild
Anonymous
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Re: FT: IMF warns on exchange rate wars
October 06, 2010, 07:44:23 AM
#5
Quote from: The MadHatter on October 06, 2010, 06:50:37 AM
"Give me control of a nation's money and I care not who makes her laws." - Mayer Amschel Rothschild
In b4 new world order
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