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The USD isn't the fiat currency of the world anymore. China and New Zealand have allready been trading without the USD. It looks like Europe is joining them.
http://finance.yahoo.com/news/china-...--finance.html
In the past if this kind of move were taken the US military would open a can of whoop ass to the countries that try to break away from the USD. Im just speculating here but could it be that ISIS will actually be the force that opens the can on Russia, China and Iran ?
http://finance.yahoo.com/news/china-...--finance.html
China will begin direct trading between its yuan currency and the euro starting on Tuesday, the national foreign exchange market's operator said, as Beijing seeks to broaden the unit's global usage.
The China Foreign Exchange Trade System already offers a platform for yuan-euro transactions but direct trading means the US dollar will not be used as an intermediary currency to calculate rates, according to a statement released Monday.
The China Foreign Exchange Trade System already offers a platform for yuan-euro transactions but direct trading means the US dollar will not be used as an intermediary currency to calculate rates, according to a statement released Monday.