China Yuan Rise

There is not much peace enjoyed in China lately because of massive inflation attack and basic human right issues hit China.  On the other hand, the other parts of the world launch currency war against China and US.

Watch this video on Liu Xiao Bo's case,
http://www.guardian.co.uk/world/video/2010/oct/08/liu-xiaobo-nobel-peace-prize-china-video

Physical war is almost gone now in most parts of the world.  However the world turns to Bipolar currency warfare. 

Case #1
Group 1 consists of USD, CAD, EUR, GBP, JPY, SGD, HKD etc. seems to support higher  USD value by reserving the currency to buy cheaper oil.
Group 2 consists of RMB, AUD, NZD, MYR, RUB etc. seems to trade against USD and sell the currency, in order to buy cheaper oil.

Case #2
Group 1 exerts pressure on RMB to float the currency, so that RMB is traded higher against them and causing China's exporting market deteriorates.  As the result, the biggest oil & energy demand nation status is not longer China but US again, therefore Group 1 enjoys having cheaper oil again.

Case #3
Few days ago, Japan launched a multi billion dollar stimulus package to buy & reserve USD and in order to boost Japanese export market.

Case #4
Jewish currency speculators like George Soros shorted GBP by 7% lower earlier this year.  Other billionaires such as Jim Rogers converts his money to RMB and invests in commodities and stock market.  George Soros also shifted his money to HK after seeing bubble in Gold by selling his gold reserve.

China & Russia quit Dollar [26 Nov 2010]

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.
"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.
The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.
The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said.