London to become major offshore trading center for Chinese Yuan.

The significance of this otherwise ordinary press release is far-reaching--especially as it relates to the USDollar as a global reserve currency.  This sets the stage for a dump of the USDollar and US Treasury bonds at any point in time.

http://www.chinasourceandsupply.com/News/china-source-supply-news-item.aspx?id=35042246-d98a-41ee-8cf2-026cef7e21a9

"The fact that China will open its third yuan offshore market in London is a strategic decision for the world's second-largest economy to increase the convertibility of the yuan and evolve the yuan into a reserve currency globally," said David Wang, executive director of the Royal Bank of Scotland (China) Co Ltd.