News Update: China Favors Euro Over Dollar as Bernanke Alters Path August 16, 2010

[Dragonmantis36]

I don't think the EU is working hard enough to encourage the Chinese to put their hands in their pocket to save the EU. U.K is basically stand still or maybe even going backward. so much unemployment in EU. some 16+ millions people got no Jobs. Why is European bargaining so hard with China. When they know perfectly China is the Keys to recover in EU. China is ready, we know that and they wanted to if we promise them a better attractive deal. i mean 2.45 trillions, doing nothing.

[ListWritingMachine]

The European crisis is still to big of an issue and to me (BTW this might be biased,) the USD will always be ahead of the Euro. Japan needs to fix it's almost 20 year stagnant economy. China, India, Brazil, Russia, and Mexico need to make their currencies worth something first. The Canadian and Australian dollars are just clones of the US one which can't replace it. The US needs to demand gold from countries (lol) and then go back to the gold standard.

[badsign1980]

and worse is that usa is arrogant wages war for money in every poor country with resources, makes world buy dollars to have almost free oil gold and free everything and even so usa is still with huge debt that they dont pay, shit nobody cares if they loose bussyness with usa cause the dollars that they pay us with are worthless anyway, so its in evertyones best interest except usa and maybe canada that usa looses its title was world currency holder, they live off other peoples backs-wall street

[badsign1980]

the usa is or better wall street and usa gov is controlling and making the price gold virtually low so the dollar is virtually high in order to flood the world with worthless dollars and basically make everyone sell their labour and resources for america for nothing is actually stealing and destroying the rest of the planet so usa can live like kings and the gig is up SUB PRIME CRAP WAS LAST STRAW, usa tried to destroy the euro and now nobody wants trade worthless dollars for valueable goods

[aaen]

Should be favouring the Pound Sterling tbh. Best currency.

[BenTennison16]

@aaen you have to be kidding me ! our pound will gradually disappear mate, yes there are some problems in eurozone atm but the EU will get over it soon. Euro, in the long term, is by far the best bet !

[twebb63]

BTW...we should just stop buying Chinese and Jap made products...JUST STOP BUYING THEM....

Then we will see who has the strongest currency....DUMB ASSES!

Go ahead....stop using the US dollar...we will stop buying your products...and you will basically CUT your own THROAT!

[aaen]

@twebb63 Raged much? haha

[importedinventions]

@twebb63 you know nothing about the complexity of economy topics, yelling not to buy foreign products have been around since the Japan vs American automotive industry wars... and we all know how much Flag waving mattered to Americans in general. Toyota still won. Unfortunately, we already owe too much debt especially to China for the USA to have any say in what the Chinese does.

[twebb63]

Euro is safer than the dollar ? ? ?

bha hah ahahahahaha!

Very funny...they have about 3 countries ready to declare bankruptcy...and if it wasn't for Germany...the EURO would tank down the drain.

[wollin20]

@twebb63 Hum: The USA as a whole is bankrupt...It's just that the rest of the World has too many dollars to let this economy fall down, just to preserve their reserves and export outlets. How do you think a nation can consume 105 to 108 dollars each time it produces 100 dollars on the long run?

[lucabrasiguy]

Everytime I come around bling bling!