China, Germany plan to settle more trade in yuan, euros

With China possessing the second largest economy in the world and forming bilateral trade agreements with the 3rd largest (Japan) and 4th largest (Germany), as well with all their other trading partners, the role of the USDollar as the global reserve currency is further eroded.  The unintended consequences are a weakening USDollar and higher domestic inflation for US citizens, both detrimental to their standard of living.

Proponents will defend a weakening dollar as positive for exports, but the insidious effects on the purchasing power of its citizens is undeniable.  Nobody likes rising consumer prices.

http://www.reuters.com/article/2012/08/30/germany-china-yuan-idUSB4E7JG00D20120830