In a post on the People's Bank of China web site, China proposed dumping the U.S. dollar in favor of an enhanced SDR (special drawing right) using a basket of 20 or so currencies instead of the 4 that now make up the SDR.
http://www.pbc.gov.cn/english/detail.asp?col=6500&id=168
Down we go, further down the dollar death spiral.
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