One More Coffin Nail in the Economy:
"This week, Russia and China signed an important treaty, which looks to be one more coffin nail for the American Dollar.
While not the first of its kind, this agreement means that international business between two of the world’s largest countries, both of whom are historic rivals of the United States, will no longer be carried out in U.S. Dollars, but in their own currency.
China already has such an agreement with Japan and the Euro can be seen as accomplishing the same thing for the nations who are using it.
Nevertheless, this is just one more indication of what the world thinks of the U.S. Dollar."