There's A Currency Manipulator That's Bigger Than China: Israel

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Mitt Romney has loudly promised to label China a "currency manipulator" on his first day in office, but China's hardly alone in keeping its money cheap to goose exports. Another country has done so even more egregiously, and you won't hear either candidate criticize it: Israel, Matthew Boesler of Business Insider points out. Since 2008, Israel's central bank has aggressively been buying dollars and selling shekels, hoping to keep its currency low and its products cheap.

Nor is Israel really trying to hide its work; in an interview last year, the central bank's governor said that if the shekel kept rising, "we will have to intervene." The shekel has fallen significantly since. "Of course, the Israeli economy is so small, nobody thinks it's a serious threat to big US industries," Boesler writes. "But the point remains that China is far from unique in its efforts to control its currency." Click for his full piece.

Article Source:
Guess Who Manipulates Currency More Than China - Matthew Boesler points out that Israel won't draw flack from either campaign

The economic data:
Bank of Israel Foreign Currency Reserves - Business Insider

 

[zerozero]

I think everyone should weaken their currency against the dollar
then these paranoid goldbugs with their savings in yellow metal waiting for USD hyperinflation will be like

 

[Domingo Halliburton]

what is ben bernanke then?

 

[thekingsmen]

what is ben bernanke then?

A consultant for Israel.

 

[88m3]

what is ben bernanke then?

Der Juden

 

[OsO]

I think everyone should weaken their currency against the dollar

lol are you asking for mercy?

or are you implying the US economy is "too big to fail" and thus needs a "bailout?"

 

[zerozero]

lol are you asking for mercy?

or are you implying the US economy is "too big to fail" and thus needs a "bailout?"

I was suggesting that gold prices are irrationally jacked up by people worrying about US currency weakening when all China, Israel and other countries want to do is strengthen the USD