Yuan Moves Toward Becoming A World Currency

The dollar and Euro are moving in the other direction:

He (Matthew Bishop, U.S. Editor of The Economist) says that he has become an agnostic or an atheist with regard to his belief in government-backed money as he fears that governments are in a position whereby they are going to debase currencies such as the “paper dollar and “paper euro” “in a big way.” Gold becomes one of the “alternative religions” in that environment.

http://www.prisonplanet.com/us-editor-of-the-economist-%E2%80%9Cpaper-dollar%E2%80%9D-and-%E2%80%9Cpaper-euro%E2%80%9D-will-%E2%80%9Cdebase%E2%80%9D-in-a-%E2%80%9Cbig-way%E2%80%9D.html