Friday, October 22, 2010

G20 Pledges Not To Devalue Currencies, i.e, Not To Print Any More Money!

"Oct. 23 (Bloomberg) -- Group of 20 finance chiefs will pledge today to avoid competitive devaluations and endorse market-based exchange rates in a fresh effort to defuse mounting trade tensions before they hurt the world economy"
Then it must mean that the U.S. won't print any more money!

And no QE2 too!!

"The G-20’s finance ministers and central bankers will make the commitments in a statement to be released after talks end today in Gyeongju, South Korea, a G-20 official said on condition of anonymity."

Who believes any such statements?

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