News Analysis: A goal of omnipresent use of the Chinese Yuan [Renminbi] , throughout the international banking community, will be facilitated by such bank openings. An increase in Yuan bank deposits in a multitude of countries will assist this process.
Present U.S. Dollar denominated banking will subside over the years as the profligate spending by U.S. Government leaders remains unabated. The current, for the moment, $17,000,000,000,000.00 deficit cannot logically be expected to be paid off in the foreseeable future [especially with the present-day thinking in Washington]. As a result of the financial debacle in America, being maintained by “U.S. Financial Masters of the Universe”, ‘Print More Money’ has been, is, and will be, their clarion call. Due to the fact that there is ‘little to back the Dollar up’, Arbitrageurs will look to other currencies for strength.
Reference: http://tinyurl.com/mteyzfy