Snow: 'Strong Dollar Policy' Stands Firm (Huh?)

[54anickel]

What are they up to now? Or his John just smokin' somthing?

http://www.guardian.co.uk/uslatest/story/0,1282,-3463780,00.html


WASHINGTON (AP) - Treasury Secretary John Snow reiterated America's strong dollar policy on Thursday, staying silent on whether the U.S. government planned to intervene in response to the euro hitting another record high against the dollar.

``We have a strong dollar policy. I think the dollar - as other currencies' value - is best set in open, competitive currency markets,'' Snow said outside the White House after attending a bill-signing ceremony.

Asked whether the U.S. government planned to intervene, Snow replied: ``I've told you what I can say about the dollar.''

[Beetwasher]

1. Typical Orwellian Doublespeak

Nothing new. Say you're pursuing a policy that's directly opposite of the reality. Clean Air Initiative, Healthy Forests, Strong Dollar, Leave No Child Behind etc.

[htuttle]

2. In summary, his answer is "Yes, no."

His statement is contradictory in itself:

``We have a strong dollar policy. I think the dollar - as other currencies' value - is best set in open, competitive currency markets,'' Snow said outside the White House after attending a bill-signing ceremony.

He says, "Strong dollar policy", but then elaborates about how they intend to let the dollar sink.

Fact is, they're (we're) fucked. They don't have the resources left to strengthen the dollar even if they wanted to -- they can't even sell all the bonds at the Treasury bond sales nowdays.

[Fovea]

3. If we have a 'strong dollar' policy

it sucks rocks.

If we have a 'strong' dollar policy, it is to drive the dollar down to the point where China is buying our tennis shoes.

[UpInArms]

9. we got your "strong dollar" policy right here

http://www.worldnewsstand.net/2002/special/7-4.htm

The Bush Administration will make no effort to pay down the national debt and will make no effort to refund Social Security despite its pledges to do so, and it will make no effort to explain $10 trillion of missing money. The only thing the Bush Administration will do from now until the time it leaves office (whether it has one term or two terms) is continuously seek to expand defense spending with all of its rich revenues going to Republican interests, through contract skimming and offshore shadowy research groups controlled by Republican interests.

In other words, the Bush Administration will act with reckless abandon to complete the final phase of their agenda, which, according to George Bush Sr., is "the continuous consolidation of money and power into higher, tighter and righter hands."

As of right now, the top 1% of the population controls 63% of the nation's wealth. That top 1% is 78.3% Republican. If Bush serves two terms in office, the top 1% will control two-thirds of the nation's wealth and the Bushonian Agenda would have been effectively completed in terms of creating a New Ruling Elite.

It should be noted that the majority of the money that the 1% controls has been earned by some fraudulent activity.

[54anickel]

10. Whoa! That is some article, a must read! Thanks UIA!

[joeybee12]

4. He is either so damn stupid, it hurts

or he's just another liar in an administration of filthy liars.

Take your pick!

[CaptainClark23]

5. ineptitude

"Snow replied: ``I've told you what I can say about the dollar."

Cuz he don't know squat about the dollar.

He got the job cuz BFEE needed someone in tresury who would play the game their way. So he sold the largest container transportation group in the world (CSX, of which he was head) to BFEE slush fund and operations front Carlyle Group, and is rewarded with this plumb position.

The man hasn't a clue. Economists the world over just blinked upon hearing his being named SecTreas.

Smile for the cameras John, thats a boy....here, you get to put your signature on the dollar bill! isn't that nifty?! um, sign it quick, Johnny boy, its nosediving fast...

another fecking BFEE quisling.

[cosmicdot]

8. yes yes yes CSX-Carlyle deal

Snow jobs all over the place

and Congress and regulatory agencies act as though only Santa Claus moves in the depths of night

not only sold down the proverbial river ... but heading toward the cliff ... with blinders and our hands tied ... full speed ahead ...

[cosmicdot]

6. ever feel you've been sold down the proverbial river

... I'm sure Snow ...harharhar... thinks he is fooling the Europeans and others who are likely not just looking after corporate masters ... what a joke

next up ... Lot 666 ... Statues of various historical figures and a few bridges ... America holds a yard sale ...

wonder if Poppy can get Barrick to sell us back the gold mines he enabled Barrick to be given on the cheap ... we may need any and all resources possible to prop us up ...

that blind eye is coming home to roost

[hatrack]

7. Is he having trouble with his ISP?

Or did he let his subscriptions to the WSJ and Financial Times lapse?

What planet is he calling in from?

Read the news much, John?

[junker]

11. Strong dollar....how do you think they implemented that?

Starting with Rubin....don't want to piss off any people who are personality-cultists about the clinton era, BUT R. Rubin implemented the 'strong dollar' policy in 1995 with collusion from the Fed through the illegal use of assets belonging to the USofA.

NOW PAY ATTENTION PEOPLE.....

when Snow says he is 'continuing the strong dollar policy' what do you think that means and why is he saying that?

He is saying that because he needs to signal the Bush Buddies at WallStreet and the Fed that the ESF/PPT and the Presidential Working Group on Markets are STILL behind a commodities control policy....which means that they attempt to make the dollar appear to be 'strong' by crushing the prices of those real assets that one might use to measure the dollar....ie the POG/POS (price of gold/price of silver).....


This has been going on since 1995 in ernest and the abilty to actually implement this has now failed (as of Sept when net foreign inflows into US dollar denominated assets fell).. we are now on borrowed time.

Snow is merely saying that they will continue the failed policies of the past at the expense of the american citizen for the benefit of the cronys in WallStreet until the whole flucking thing crashes in a giant fire as the dollar burns down to worthless.

Pay attention. Snow don't say things to you and me, he is speaking to his constituents in the fincial biz....basically saying that they will not let the dollar die without a fight...

problem is the bushies have alreadly lost and the dollar will die and the american middle class will be wiped out in one fell swoop as ALL the 401Ks go bad over night....and the value of everyone's house drops due to dollar failure.....


gotta love them politics....

[54anickel]

12. Hi Junker. So you think they are up to something fishy too?

You don't think they can manipulate PM and other commodities again? It has worked in the past, as you have pointed out, of course we've not been in quite the pickle that we are today.