This may be the beginning of the end of the petro-dollarinstituted by Tricky Dick and Kissinger in 1973 when Nixon took the US off the International Gold Standard.

The BRICs Are Morphing Into An Anti-Dollar Alliance
Submitted by Tyler Durden on 07/02/2014 22:29 -0400

While numerous massively indebted administrations around the world hope to divert the attention of what's left of their struggling middle class away from its daily impoverished existence and distract it with flashing lights and glitzy animations showing another all time market high on a daily basis, a significantly more important shift taking place behind the scenes is appreciated by very few: the ongoing de-dollarization of the world. For the latest example of how increasingly more countries are setting the stage for the final currency war, we go again to Russia where VOR's Valentin Mândr??escu explains that slowly but surely the BRICS - that proud Goldman acronym which was conceived to perpetuate the great American way of life by releasing trillions in US-denominated debt in heretofore untapped markets - are morphing into an anti-dollar alliance.

BRICS is morphing into an anti-dollar alliance, From VOR

Before the crucial visit to Beijing next week, the governor of the Russian Central Bank, Elvira Nabiullina met Vladimir Putin to report on the progress of the upcoming ruble-yuan swap deal with the People's Bank of China and Kremlin used the meeting to let the world know about the technical details of its international anti-dollar alliance.

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More:
http://www.zerohedge.com/news/2014-07-02...dollar-alliance

BRICS = Brazil, Russia, India, China, South Africa