2009-03-26 — financialsense.com
In a bold plan, the Chinese Govt has announced the yuan currency will soon replace the USDollar as the new Asian regional reserve currency. The stage is set for Asia to install the Chinese yuan for broad usage across Asia, with possible massive dump of USTreasury Bonds. Look for other new global reserve currency to spring up in the next year, especially after the Chinese run interference on the financial, geopolitical, and diplomatic fronts. The impact alone from the Chinese plans presents a dire prospect for the Untied States, with dangerous economic and credit impacts.
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