China’s Plan to Dethrone the U.S. Dollar as Worlds Reserve Currency

"..."China's currency is likely to be granted a global status on par with the current major currency trading pairs for purposes of settling international transactions, whether the West wants that to happen or not," Fitz-Gerald wrote in a May 2009 article. "In fact, I'd even go so far as to say the dollar's days of dominance are numbered and with each new round of bailout chicanery, the clock is winding down ever faster."