Now to papering (money) over the cracks. It is a bit rich for the U.S to be complaining about tightly managed currencies being a 'flaw' in the global economy.
About as much a 'flaw' in the global system as U.S. virtual printing presses cranking out the never-ending 'coffee-pot' of Greenbacks 24x7 for the Saudi's to soak up with their oil sales.
The U.S. issue with Iran is not some humanitarian concern with nuclear energy -- it is the oil exports that the Iranian banks are transacting without using the $US. That is the strategic risk -- i.e. the crash of the printing press game!
"The United States treasury secretary has told a G20 meeting that countries should have flexible exchange rates in a thinly veiled attack on China which Washington says is using tight currency controls to gain an economic advantage.
Addressing finance ministers and central bankers in the Chinese city of Nanjing, Timothy Geithner said controlled exchange rate regimes were the flaw of international monetary system."
http://english.aljazeera.net/news/asia-pacific/2011/03/201133173522802893.html
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