
look up "Dollar Hegemony"
en.wikipedia.org/wiki/Dollar_hegemony
and
en.wikipedia.org/wiki/File:Global_Reserve_Currencies.png
( , Wed 22 Aug 2012, 17:35, Reply)

Russia is more likely to switch to the Euro as its reserve currency and do trade directly in Euros. They've already negotiated an agreement with China that means they no longer have to trade with each other in dollars. It might save the Euro. The Dollar is in the shit though, if there is a run on it at this sensitive point in time.
( , Wed 22 Aug 2012, 17:50, Reply)

www.ft.com/cms/s/0/00da6b1a-80a6-11e0-85a4-00144feabdc0.html#axzz24IV792K1
( , Wed 22 Aug 2012, 18:36, Reply)