2014-08-08 Cold War 2.0 is a currency war

===2014-08-08 Cold War 2.0 is a currency war===
The recent dramatic inflammation in hostility between US and Russia is in fact a fight for survival of the US Dollar... Russia, China, and other BRICS nations are effectively working to undermine the position of the US Dollar as an international trade and reserves currency. Absent such status, the US Dollar is doomed...

Russia, China agree more trade currency swaps to bypass dollar

rt.com

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US...