Manipulation of currency values is considered an act of (economic) war by some - vital for economic growth and a tool to raise people out of poverty by others. Read this - a proclamation of unity of purpose among the world's largest economies and a good primer on currency markets.
G-20 Leaders Pledge to Avoid Currency War - NYTimes.com
Sunday, October 24, 2010
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This G-20 and IMF both have no authority, but that their oponions carry a lot of weight is an awesome statement. Are they meeting in different countries now every month? It seems they go around re-hashing, peddling around, then back peddling around all the real stingy issues we desparately face in our economies. No one is being definite except on one point to say, 'we're working on it'
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