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WSJ's Digg interview of Treasury Secretary Timothy Geithner PDF Print E-mail
Written by Bill Hahn   
Wednesday, 26 August 2009 11:37

http://online.wsj.com/video/digg-dialogg-with-timothy-geithner/A0A13568-043B-468A-A8A9-0D5426057FEF.html

Geithner @ about 9:48: "The American people need to have people here who understand and can negotiate effectively and can be on the other side of things to make sure we're protecting the financial interests of the American people."

Does that mean engineering booms and busts through the artificial means of adjusting interest rates and through the inflationary measure of printing more money? As JBS President John McManus has stated several times in his Dollars & $ense speeches, currency should be a hard-backed money commodity, and commodities are not managed.  The free market will set the value of the dollar as well as the interest rates.

The Fed has done a terrible job of "protecting the financial interests pf the American people" as the value of the dollar has dropped more than 90% since 1913. Hows' that for a track record Mr. Geithner?

Last Updated on Wednesday, 26 August 2009 02:24