CNBC! Demand for the USD as a reserve has been slowly tapering off over the last decade. What's going to happen when the USD is no longer dominant and just another reserve currency inline with the Euro, Sterling or possibly the Yuan? From all that I've been reading lately, would have thought it would be happening sooner than 2015.
No, it's Dick Bove. Just me being puerile China and Brazil have recently signed a currency swap worth $30bn on top of recent deals with Aus, the UAE, Turkey and Russia. Japan seems to be next on their list as bilaterla trade betwen the two was almost $300bn in 2010. Internationalizing the Yuan and buying huge amounts of gold... what could they possibly be up to?!