Did a Chinese banker just announce the biggest event in human history?
Last week Zhou Xiaochuan, the head of China’s central bank, announced, in a jargon-filled technical interview, that China would no longer be pegging its currency to the US dollar. Instead, the Chinese yuan will be linked to a broad basket of currencies, Zhou said. http://english.caixin.com/2016-02-15/100909181.html This seemingly arcane shift could trigger a collapse in the…