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United States Steel Corp. Message Board

  • Low_Mac Low_Mac Oct 9, 2010 7:54 PM Flag

    Finance leaders fail to resolve currency dispute ***

    Global finance leaders failed Saturday to resolve deep differences that threaten the outbreak of a full-blown currency war.

    Various nations are seeking to devalue their currencies as a way to boost exports and jobs during hard economic times. The concern is that such efforts could trigger a repeat of the trade wars that contributed to the Great Depression of the 1930s as country after country raises projectionist barriers to imported goods.

    The Obama administration is heading the US into the Great Depression, and what we just went though is nothing compared to what we are headed for. The US manipulation of the dollar lower and lower just makes the market and commodities higher and higher.

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