-—Asian bloc to dump dollar-—: This very morning the TV bizness guys were explaining that Brazil and china were going to trade in chicom money. Much of the canned beef we get here is from Brazil. Gonna be fun to watch how much fun the gay caballeros enjoy spending their yens on stuff they won’t be able to buy from the chicoms-—or anywhere else. But that part works for me. If the chicoms enjoy eating that chewyass range beef it’s OK with me. And if it helps support our own beef growers by keeping brazillian stuff out of our market, that’s fine too.
Sounds like BRICS... those countries agree to accept each others' currency - although the yuan is likely central to the strength of the deal.