again. You gotta post the site where you got it from.
- Post details: Fed Bank Of New York Admission To Devaluing The Dollar By Design
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The orthodox solution provided by the G7 is for the US to reduce spending and increase savings
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Which hasn't really happened.
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By most accounts, the US dollar is overvalued against many Asian currencies
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This mean anything to you?
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for fans of the federal reserve
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The US Treasury doesn't get any of your blame?
Plus. It's not really the Fed. It's more the deficit, the constant spending, and the borrowing from China. That's not really on the Fed, imo. Bush shares most of theresponsibility for the weak dollar.
NPR: Is a Weak Dollar Really So Terrible?
The dollar | The panic about the dollar | Economist.com
The idea that the existence of the Fed is to blame, is silly. Or some kind of "elite" strategy or something.