“I believe deeply that it’s very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar. We bear special responsibility for trying to make sure that we are implementing policy in the U.S. that will sustain confidence not just among American investors and savers but investors around the world that the U.S. will fix its budgetary problems as its economy improves.” – Tim Geithner
Uh, huh. He is either lying his teeth off or stupid as hell, I would put my money on the first. No conspiracy, no theory, the empirical evidence is there for all to see, clear as day. This is not only bad news for anyone holding dollars who is getting poorer by the day, but also for all of the countries who export to America.