Recently the Japanese government stated; Japan and China will promote direct trade without using dollars and instead will use the Yen and Yuan. Japan has also stated it will also apply to buy Chinese bonds next year instead of U.S. bonds.

As a part of a plan outlined in October to promote use of the Yuan within the Association of Southeast Asian Nations and establish free trade zones, China will complete a 70 billion ($11 billion US) currency swap with Thailand.

If our government continues failing to take action concerning debt and deficit issues, if it continues to only print more money based on nothing the rest of the world will have no alternative but to find an alternative to using US Dollars as a world reserve currency. A point made clear by Russia and supported by France.

This recent action and it continuance will be and is a significant blow to the US Dollar. Diminishing the strength of the dollar and reduced purchase of US bonds will not help the US economy. These countries, China and Japan, represent two of the world’s largest economies and largest purchaser and holder of US bonds.

As the world’s largest debtor nation, moving the US Dollar from the principal world reserve currency and reduced purchase of US bonds will affect our economy significantly. China is in direct economic competition with the US and China, the world’s largest creditor nation, is not the China of history.

A change of this magnitude will affect growth and recovery of our economy and each of us dramatically as taxpayers and consumers. As we move to 2012, the one thing we can expect is change. I we do not take note and continue to do what we have always done what will be the outcome. Now is the time to consider having an in-depth conversation about your wealth accumulation and optimization plans with us.