The BIRC's (Brazil,India,Russia,China) are all leaveing the dollar as world reserve. More countries will follow.
This could cause another great depression and\or WWIII.
An update from Durban. The BRIC’s (Brazil, Russia, India, China) finance ministers have failed to reach an agreement on the proposed development bank. Citing budgetary constraint in an unstable economic environment. Makes one wonder where the hell have they been hiding, LMAO.
Anyway the matter is postponed indefinitely. Stay tuned.