Sunday, October 24, 2010

Germany Calls Out Geithner's Hypocrisy

We can always count on ZeroHedge to give us the no nonsense version of key events like this weekend's G20. Here is a tidbit ..... After months of US bitching and moaning about China's so called unfair exchange policies, when it is the US Fed which is the biggest currency manipulator in the world by orders of magnitude, one country finally had the guts to stand up and call out Tim Geithner on his endless bullshit. At the G-20 meeting, per Bloomberg, German Economic Minister Rainer Bruederle said that the Fed's "push toward easier monetary policy is the “wrong way” to stimulate growth and may amount to a manipulation of the dollar. Read the rest here.

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