Uh-oh--this isn't going anywhere good

It seems leaders in China just keep pushing and pushing for change when it comes to the monetary system of the world, specifically as the US' dollar is the basis for the rest of the world:

China economist blasts dollar dominance on eve of G20

BEIJING (Reuters) – Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.

Let there be no doubt, if this goes their way, the Chinese' way, it won't be pretty for us, ladies and gentlemen.


And after that last financial/economic debacle we caused that went global, what with the creation and then selling of what were supposed to be AAA grade securities that ended up being junk and then, on top of that, not punishing anyone for it or fundamentally changing virtually anything in our system so we're sure it never happens again, you can't too much blame 'em, can you?


I hope this party doesn't end while I'm at it.

Link to original story:  http://news.yahoo.com/s/nm/us_china_g20_dollar