[ExSoldier]

To me this is scary stuff, beyond the impact for our own economy at the practical level of commerce and business. I was thinking more of the angle of Christianity and the shape that is forming that will become the Earthly domain of the Anti Christ and the End of Days. Little indicators are literally all around us. I was just surfing a current event article and saw this link and a lightbulb popped on above my head. Whenever I think about this I think: RAPTURE READY?

[Alberta's Child]

This is a lot of nonsense. The Chinese are doing exactly what many leaders in the U.S. -- and many folks right here on FreeRepublic -- were calling for them to do years ago. Their currency will no longer be linked to the U.S. dollar, which means their currency now has to stand on its own.

Ironically, I've said for years that the Chinese yuan was a worthless currency as long as it was pegged to the dollar. That may now be changing.

Something else to consider here is that China really couldn't continue with their policy of linking the yuan to the dollar. With the currencies linked, the price of imported commodities (into China) jumped through the roof as the U.S. dollar lost its value. Do you think the Chinese were happy trading partners with the U.S. when oil was trading at $140/barrel?

[rbg81]

I think this is a reaction to other countries being fed out with the continual printing of the West (US, EU, UK, and Japan). Anyone outside of these countries holding these currencies is taking it in the shorts. As are savers IN these countries.

In a way, this is a GOOD thing, as it will force our Government to deal with entitlements when they can no longer print an infinite amount of $$ without consequences..

[campaignPete R-CT]

Breaking News:

China is Big!

(Therefore, their currency will now get some use internationally.)

[ckilmer]

Actually the largest number of conversions to christianity in the world is taking place in China.