“The Chinese have already forged agreements amongst the BRICS and the ASEAN nations to use the yuan as the currency of trade, with countries such as Australia, New Zealand, and the UK agreeing to trade in the yuan in future. It may well be that China intends to sew up the world with yuan agreements, with the US as the last man standing, then pull the plug by simply by refusing outright to accept any further US debt of any kind. At that point, the US would be isolated and, in order to trade, would be forced to cave to the yuan as the currency of world trade. If this were to take place, the remaining question would be whether the dollar would remain as the US currency.”
http://www.internationalman.com/articles/the-next-best-thing
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