Downfall Of The Dollar

There are numerous worldwide efforts to dislodge the American dollar as the reserve currency of ‘choice’;

Tyler Durden writing for Zero Hedge examines how the “BRICs” (Brazil, Russia, India, China and South Africa) are uniting into an anti-dollar alliance.

Qu Hongbin writing for HSBC Global Connections discusses the Renminbi (official currency of the People’s Republic of China) as the world’s next reserve currency.

Sources: (1) Zero Hedge - The BRICs Are Morphing Into An Anti-Dollar Alliance., (2) HSBC Global Connections - Renminbi: the world’s next reserve currency