Dumping the Dollar

First Saddam Hussein declared, just before the invasion of Iraq, that he was going to sell oil in a currency other than the dollar. We all know what happened next. Then Iran opened an oil bourse, to sell their oil in a currency other than the dollar. You've seen the ramping up of the rhetoric there too.

This week's news is that Russia and China are now going to trade with each other......in a currency other than the dollar.

Interesting times, indeed.