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Geithner is a car wreck
Case in point:
http://www.iht.com/articles/2009/03/25/business/dollar.php
I was reading my flist; it had been reported the Geithner was open to minimizing the dollar as the reserve currency of the IMF.
Glad he's retracted. The dollar is the last piece of leverage the US has in the global economy.
I can't help but think of Paul Simon's American Tune:
With a global economy comes a normalization of standards of living. I guess this is the only way Americans will stop buying cheap plastic crap.
end rant
http://www.iht.com/articles/2009/03/25/business/dollar.php
I was reading my flist; it had been reported the Geithner was open to minimizing the dollar as the reserve currency of the IMF.
Glad he's retracted. The dollar is the last piece of leverage the US has in the global economy.
I can't help but think of Paul Simon's American Tune:
And I don't know a soul who's not been battered
I don't have a friend who feels at ease
I don't know a dream that's not been shattered
or driven to its knees
But it's all right, it's all right
We've lived so well so long
Still, when I think of the road
we're traveling on
I wonder what went wrong
I can't help it, I wonder what went wrong
With a global economy comes a normalization of standards of living. I guess this is the only way Americans will stop buying cheap plastic crap.
end rant