[DeaconBenjamin]

Or, as Speigel describes it: China and South Korea forge alliance against the dollar

[HiTech RedNeck]

It’s hard to blame either one for not wanting to use a currency medium which at any moment could melt away in their pocket. Of course then the games between the two begin directly (Korea will begin to care about devalued yuans).

[Cringing Negativism Network]

The problem is, we are helping by buying so much from both countries.

BRING BACK US JOBS!

[MNGal]

I keep wondering how long China is willing to idly stand by and watch the United States devalue their currency with the printing presses.

Question: How would China be affected if the dollar was no longer the world’s reserve currency?

I have seen comments on FR that seem to indicate that China would be just as economically as the United States would be if this were to happen. Is that correct?

[Wuli]

we can thank Ben Bernanke and his printing presses for this; through trade we export the inflation he is creating

this causes domestic financial imbalances in the nations where our inflated dollars are being dumped;

with a broader basket of currencies on which South Korean trade occurs it will lesson the ill effects that may occur from any one nation’s currency South Korean trade is denominated in

it’s true, China and South Korea may benefit from this at our expense, but they are not the culprits, Ben Bernanke is