Very true. The Chinese and others have been rumbling about the dollar for a few years now. The way the US has been printing money to finance social agendas causes loss of faith in the dollar.
And who could blame them for wanting to get away from the dollar? Quantitative easing may fool a lot of the clowns that put Obama in office but it doesn’t fool people with common-sense.
US dollars are made in Italy by fiat.
Maybe if the ‘stimulus’ had been spent on public works like city to city maglevs, a robust continental electrical grid, mission to moon, mars, and beyond, etcetera we’d still be fostering our industries. The problem was with the feminists, too many jobs for burly men because, speaking for the women, the did not want to be pushing shovels for the money, just the checks please.