Yes the Chinese yuan is stable and trades within a range currently but only because it's manipulated by the government for years to peg it to USD. Is that the ideal? Ofc when you change the way it's been and float it there's intially going to be alot of volatility, but it should settle at a much higher level relative to the USD.

And currency strength is important especially if the currency is fully exposed to market forces as its an indication of people's confidence in your economy and demand for your country's products. This is what supports a fully floating currency and China has both of those. The fact that it has huge savings ($2T worth) of foreign currency only increases confidence in the country's ability to handle economic problems and keep its budget funded without resorting to printing if it can't finance through debt issue...etc etc.

Aussie dollar is a long way from par with U.S and yea it is a good currency along with Canadian to invest as both these country's economies are heavily in commodities which will prolly recover once everyone realises we're at the doorstep of heightened inflation. U.S dollar holders might like gold but you'd be paying a premium relative to alot of other commodities and where it's been and there are many examples in history when gold has been confiscated by the govt so it isn't exactly an ironclad solution against LT inflation.

Euro is a flawed concept, I somehow feel they'll tweak it eventually. Pound is overvalued in the med-longterm.

Between yuan and Aussie yes I would go with Aussie as it's dropped alot from where it was just 1.5 years ago and I believe in the future for commodities but my post was abt your depiction of Chinese yuan.

And yes Hillary was there to talk to the Chinese about buying the U.S treasury bonds that are going to be issued like a tsunami. Who else has the hard dough to take up the slack? The other alternative is to print and buy but the inflation would be -grossly- ridiculous (see Zimbabwe).