re: Argentina Shuns U.S. Dollar: Will Pay for China Imports in Yuan

This is actually quite bad for the US because it solidifies that the MERCSUR is migrating from the US Dollar to the Yuan. Brazil and Argentia just told the EU that if they approve their new trade deal they will only trade in Yuan dollars. This means all of South American will drop the US dollar and only use the Yuan for exports and imports.

The US is royally fricked.