Euro to replace dollar?

S.A.M.

S.A.M.

uniquely dreadful
Valued Senior Member
Report: Greenspan says euro could replace U.S. dollar as reserve currency

1 day ago

FRANKFURT, Germany (AP) — Former U.S. Federal Reserve chairman Alan Greenspan says it's possible that the euro could replace the U.S. dollar as the reserve currency of choice.

According to an advance copy of an interview to be published in Thursday's edition of the German magazine Stern, Greenspan said the dollar is still slightly ahead in its use as a reserve currency, but added that "it doesn't have all that much of an advantage" anymore

Greenspan said that at the end of 2006, some 25 per cent of all currency reserves held by central banks were held in euros, compared to 66 per cent for the U.S. dollar.

http://canadianpress.google.com/article/ALeqM5g-NQk5vkp5I5zS3Gj7DI362VEhAQ

So how long do you think?
 
Personally I wish my savings were in Euros. And the Canadian dollar is now almost even with the US dollar.
 
draqon said:
Canadian Press...heh...so thats how the neighbor Canada is thinking of US now...

I say NEVER.
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Don't you read?

According to an advance copy of an interview to be published in Thursday's edition of the German magazine Stern Greenspan said the dollar is still slightly ahead in its use as a reserve currency, but added that "it doesn't have all that much of an advantage" anymore. ...
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Yup 97.somethingsomthing cents to one canadian dollar. Yet prices are not coming down, cars cost the same. If I order shit online it sure helps though.

Anyway that's why the capitalists are going to ram the Amero down our throats just to help stop the slide of the U.S economy. Hey if they(U.S) goes down so does Canada right? Fucking pricks.
 
nietzschefan said:
Yup 97.somethingsomthing cents to one canadian dollar. Yet prices are not coming down, cars cost the same. If I order shit online it sure helps though.

Anyway that's why the capitalists are going to ram the Amero down our throats just to help stop the slide of the U.S economy. Hey if they(U.S) goes down so does Canada right? Fucking pricks.
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Doubt it will happen; Americans are too foolish to see beyond the obvious. They've stopped the Mexican trucks from using the highway according to NAFTA; so I doubt they will be ready to give up the US dollar.
On September 11th, the U.S. Senate voted 75-to-23 to prohibit the Transportation Department from spending funds on a NAFTA pilot program allowing Mexican trucks unlimited access to U.S. highways.
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http://www.nytimes.com/2007/09/12/us/12brfs-VOTETOBLOCKM_BRF.html?_r=2&oref=slogin&oref=slogin
 
The Euro is better looking money anyway.. :p
euro-1.JPG

Large image of a fiver: http://www.lavigerie.org/~cvismans/npics/euro5.jpg
 
Ok..so the dollar has many cool nicknames..."dead presidents" "greenbacks" "bucks"...so what nicknames does the Euro have?
 
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