This article tells us that "This change is nothing to fear… merely something to accept, embrace, and prepare for" over a shift in economic power to the east. It implies that the rise of the Renminbi as a reserve currency won't completely destroy the US economy.
Once a major proportion of world trade is carried out in another currency the US government won't be able to print all the dollars it wants without a complete collapse in its value and purchasing power. The US relies on a controlled devaluation of the dollar to write down its debts but an uncontrolled devaluation would cripple the country.
The article also doesn't take into account the cost of oil purchases to western countries and the US in particular. OK the US is increasing it's home produced oil but it is more expensive than they are used to and it is already having a deleterious effect on the economy.
Not a very well researched article or one trying to lull people into a false sense of security.
Four Signs Of Asia’s Rise Over The West
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kenneal - lagger
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Four Signs Of Asia’s Rise Over The West
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raspberry-blower
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The quality of the guest commentators' writing over at Zero Hedge is variable, to say the least. Ken's linked article should be under the "must try harder" category, or, preferably, "don't bother us with this load of piffle" 
One of the better essayists, whose work is frequently published there, is Charles Hugh Smith
One of the better essayists, whose work is frequently published there, is Charles Hugh Smith
A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools - Douglas Adams.