From a reader of Jim Sinclair's:
"...Australia just signed up with China for direct trade excluding the US Dollar. China is now our largest trading partner. Also one to watch is the progress of the Asian Bank which will be our IMF in this region of 4 billion people, run by us not Europeans." -Barry
Now that is very interesting news, or at least it is to me. It means the currency wars are heating up. Jim Rickards was on the money.