No one will really go to the yuan. China is in worse shape than the US.
Yes, I agree with that. But they are looking for a new reserve currency to jump on, and that’s only intensified since 2008.
Of course, there are still those that think that Obama’s fiscal non-policies have not jeopardized the dollar to the point that it’s fatal. Before WWII, nobody thought that the British pound sterling would ever stop being the world’s primary reserve currency, too.