The end is neigh: BRIC to start dealing in their own currencies

While the Kiwi’s are told by Reserve Bank of New Zealand Governor Alan Bollard that our economic recovery the rest of the world is slowly waking up to the fact that all major countries are beginning to dump the dollar as the words currency.

In Yekaterinburg the BRIC (Brazil, Russia, India and China) and SCO countries discussed the move away from the dollar as the reserve currency and the use of their own bonds as a replacement if the US bonds. The US was not invited and today China announced it would sell of some of its US bonds to show its concern for the staggering US debt.

I dare say that this means we are gong to see the collapse of the US empire with devastating consequences for the people of the US and their economy.

And the dollar is already falling as a result of the meetings.

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