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Page added on February 16, 2013
G20 has agreed to avoid currency war
French Finance Minister Pierre Moscovici said on Saturday that the Group of 20 had agreed to avoid a currency war, affirming a shared view that exchange rates should reflect market fundamentals.
“We all agreed on the fact that we refuse to enter any currency war,” Moscovici told reporters after G20 policy makers worked late on Friday night in Moscow to hammer out a common position to put in a joint communique.
“But we also want to have on an international level a cooperative approach … excluding aggressive strategies for devaluation,” he said. “This is why we all agreed that the levels of currencies have to be determined by the markets.”
3 Comments on "G20 has agreed to avoid currency war"
BillT on Sun, 17th Feb 2013 3:21 am
What a F—ing lie! The war rages as we read. The US is printing money by the billions and trillions. The EU has their presses warming up for a big print, and Japan is also getting ready for the big dump. China, Russia and Iran are preparing to kill the dollar, and other countries are all deflating to keep up with the Us. If that is not war, what is?
GregT on Sun, 17th Feb 2013 9:40 am
BillT,
It is a race to the bottom. Except for the “axis of evil” that are refusing to play by the banking cartels rules. There will be war.
Arthur on Sun, 17th Feb 2013 10:52 am
http://lewrockwell.com/north/north1264.html
“The US… It will default. It is $222 trillion in the hole. That’s the present value of its future obligations. Of course it’s going to default. Would that be bad? Not for taxpayers. Would it be bad for the Powers That Be who run this country? Yes. Devastating.”
This french-romanian jew Moscovici can be counted to the core of the “Powers That Be” in the West. His fear is that the rulers of the West are going to lose control. And he would be correct in that assessment. The globalist USSR was the first big tent to bite dust, the West is going to be next.