‘Strong Dollar’ Is Lie Told in New Currency War


English: President Barack Obama meets with U.S...

English: President Barack Obama meets with U.S. Treasury Secretary Timothy Geithner aboard Air Force One March 31, 2009, on their way to attend the G-20 Summit in London. Français : Dans son bureau à bord d’Air Force One, le président Barack Obama discute avec le secrétaire au Trésor Timothy Geithner le 31 mars 2009 en route pour assister au sommet du G20 à Londres. Sur les fauteuils, les blousons présidentiels “Air Force One” et accroché à coté du hublot le Sceau du Président des États-Unis.
(Photo credit: Wikipedia)

By William Pesek – Jack Lew’s first act once he becomes U.S. Treasury secretary will be to tell a lie.

On Day One as Timothy Geithner’s successor, Lew is bound to say “I support a strong dollar” to reassure markets that there will be no change in long-standing U.S. policy. Nothing could be further from the truth, though, as the yen trades at 2 1/2-year lows and the world considers a response to Japan’s blitz on money markets. more> http://tinyurl.com/adzqpno

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