Reply #10: Actually it's news and breaking.

[caseymoz]

It means our largest currency-holder and creditor has now formally agreed with other nations that they should be holding-- something else. Even a brand new currency, which they say despite the risk and trouble it might entail, it might be worth it.

This is different, but very much related, to the story on Thursday.

What it means is that we are now a hair-trigger away from unmitigated economic catastrophe. If they try it, the dollar is going to sink. If they succeed, expect hyperinflation for at least a year or two as the Chinese dump dollars and the Fed has to reverse and vacuum dollars out of circulation.