The Chinese are seen and heard talking and writing about a new world reserve currency to be used as store of value and money for commodity exchange. They hold $1T of USD. It is a bit of a war declaration. They didn't like QE it seems. It hurt them on 1/ the holdings 2/ the exchange rate. It also marks a new assertiveness in economic affair. How practical a new currency is, I have no idea. Europe prepared for it and it can be done. This is an interesting development.