WILL G20 DO THE RIGHT THING?

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At the G20 November 2010 meeting; the agenda will include a disscussion concerning what to do about the large fluctuations of the world currencies. Those of us who live in foreign countries and on income from our mother country have had to live with these wild fluctionuations of our income for years.

If the leaders of the world's nations are serious about stabilizing

world financial markets, they should stop treating currencies as if they

were commodities. When you allow speculators to trade currencies as if

it were corn or oil, you create confusion that harms trade and travel. I

believe that all currencies should be traded at parity. One dollar for

one euro or peso. The cost of goods and services would reflect the

economic wealth of the country where the currency is spent, not on the

manipulation of a currency specular.