Greenspan: US pursuing a dollar weakening policy like China

[redrumloa]

http://seerpress.com/greenspan-u-s-is-p ... ina/13565/

While the U.S. government criticize China for its weakening currency policy, the recent moves of the government is more or less doing the same thing: U.S. is pursuing dollar weakening policy like China, former Federal Reserve Chairman Alan Greenspan wrote in the column in the Financial Times.

“America is also pursuing a policy of currency weakening. The suppression of the renminbi and the recent weakening of the dollar are, of necessity, producing firming exchange rates in the rest of the world,”

“Something has to give in this arena of zero-consolidated current account balances.”Greenspan wrote in the column.

How dare he! Greenspan must be a racist and speaking negatively because Obama is black! Is he a birther?? :roll: