Currency War Accelerates as Russia and China Sign Death of U.S. Dollar!

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De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement
The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong.
Russian companies ‘de-dollarize’ and switch to yuan, other Asian currencies
Russia’s VTB and Bank of China agree on domestic currency settlements

Sources:
http://www.zerohedge.com/news/....2014-08-09/de-dollar
http://rt.com/business/179032-....currency-swap-russia
http://rt.com/business/164752-....russiia-de-dollarize
http://rt.com/business/160124-....vtb-bank-china-curre