Geithner must feign inexistent value of dollar
Posted by Ivo Cerckel on July 13th, 2009
“Gulf looking for reassurance from Geithner”
Excellent title.
The US dollar is a worthless piece of paper and Geithner must push it.
Geithner will say that the dollar has much value, but will nevertheless ask for stability in the dollar-denominated oil price.
This blogger submits that perhaps if oil were priced in Honest Money …
Gulf looking for reassurance from Geithner
Jul 13, 2009 at 07:57
http://business.maktoob.com/20090000007567/Gulf_looking_for_reassurance_from_Geithner_/Article.htm?utm_campaign=Night-Newsletter&utm_medium=Main-News4&utm_source=Night-Newsletter&utm_content=
Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/
July 13th, 2009 at 18:22
Associated Press says that Geithner will say the dollar is good but will nevertheless ask for stability in the dollar-denominated oil price
Geithner to focus on investment, recovery
Web posted at: 7/13/2009 1:55:35
Source ::: AP
http://thepeninsulaqatar.com/Display_news.asp?section=Business%5FNews&subsection=market+news&month=July2009&file=Business_News2009071315535.xml
SNIPS
Geithner is expected to repeat assurances that the government’s soaring budget deficits will not trigger a devastating bout of inflation that sinks the value of the dollar and foreigners’ holdings.
+
Another key topic for Geithner will be oil-price stability — or lack thereof — and its impact on the global economy.
UNSNIP
Ivo: perhaps if oil were priced in Honest Money …