China Begins To Reset The World’s Reserve Currency System

Our own fault... the US$ has been the primary currency of exchange because it has been stable (WRT other currencies) and we had an intelligent monetary policy.

Now it's bread & circuses time...

Confidence in the $ is degrading as we continue to print more money to pay for the social programs that keep the congressional clown show going...

Basic economics, scarcity of a commodity drives it's perceived and real value up. Glut of a commodity drives it's value down. We have not only created a glut of $... but we are borrowing to keep the clown show going.

Government bonds pay off in $ that are increasingly worth less... soon they'll be worthless and you won't be able to GIVE government bonds away.

So, it makes sense that the unstable, worthless $ should be abandoned as the medium of exchange. Certainly NOT the Yuan.

Might i suggest BITCOIN? A relatively stable currency controlled by the market, not a government.

SSgt Ray Stone another effect of printing massive numbers of dollars.