All the same, that the dollar's reign as the world's dominant currency is drawing to a close is no longer in doubt.It's not that bad.
- Jeremy Warner, The Telegraph, The dollar is dead, long live the renminbi
The Yuan is heavily tied to China's ownership of America's debt.
Still, our doubling of the money supply will (must) eventually have an effect, and it won't be good. And it makes me wonder how much longer oil will be valued in dollars versus another currency, such as the Euro.