What this means is..well,,, all the cheap stuff we have been enjoying..won't be cheap anymore.
And because they have been locking in all the international energy and metals and minerals contracts, on huge scales..we won't be able to recover, we just don't have the "stuff" needed to go back to larger scale manufacturing. They got it.
This is rather large and pitifully underreported economic news.
http://www.ibtimes.com/articles/117991/20110302/china-yuan-trade-reserve-currency.htm
This also will mean a restructuring of how and when and why or why not they purchase US "debt instruments". Of course the Fed will just buy them..but without being able to use them for settling foreign trade, it will be akin to taking from one pocket, putting it another and claiming you are gaining wealth by the transaction. Just ain't so....
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