[null and void]

Uh oh...

[taxcontrol]

If China severs the peg to the US Dollar, that will be one of the key road blocks to the US moving to a policy of printing it’s way out of it’s debt. Look for inflation to rise if this happens.

[2banana]

So let them.

If the yaun goes up, less Chinese exports and more American imports

But I think the Yuan collapses. China is a basket case right now (one example - their “stimulus” package is about an order of magnitude higher than ours and run much less efficiently). A free floating currency might crash the yuan.

[Last Dakotan]

The dollar peg serves two purposes. It employs the riotous hoards which are they only thing the Chicoms fear, and it destroys the US's own industrial base.

The peg will stay in place until both are fully accomplished. The US debtor nation will do nothing in the meantime.