Mr. Geithner's Comments

This article just published on the digital edition, is on topic to my former post, Soros.

Talley, Ian, 2010. Geithner takes aim at china currency. The Wall Street Journal, Oct. 6.

"'China's undervalued currency is triggering an international currency war that risks undermining the global economic recovery,' U.S. Treasury Secretary Timothy Geithner said Wednesday."

And,

"'When large economies with undervalued exchange rates act to keep the currency from appreciating, that encourages other countries to do the same, and this sets off a dangerous dynamic,' Mr. Geithner said."

For my early comments on the matter of pegging, see the following post from March 15, 2010:

Currency Valuation and the Economic Policy of China

This is a major international issue affecting future growth of the global economy.