Blogman's comments: First it was Russia and China, now Japan and China! The next two largest economies in the world after the US have agreed to conduct trade in their own currencies. It seems that outside of the Wall Street BANK-O-RATS that make enormous profits from the US dollar trade, most of the world has come to the realization that it is not in their interest to hold US dollars and are now openly beginning to dump the greenback, which in fact is backed by NOTHING. And that is the problem! At any given moment the Dollar can go into a death slide and the trillions held by China and other nations will buy NOTHING. Since they are far too entangled in the Dollar snare to cut themselves loose suddenly, they are doing it slowly but even so the disentanglement is gathering pace. Watch for the sudden and catastrophic devaluation of the US dollar plunging the whole world into Deep DEPRESSION and plunging the developed world into 3rd world status overnight. Actually it will be worse than 3rd world status because unlike the 3rd world denizens that are used to surviving on next to nothing, developed world citizens are far too much in love with their Big Macs and fries, and their iPods and Starbucks lattes to withdraw from such a lifestyle without going through severs withdrawals, fatal in many cases!