Once Russia and China become partners, there is really no need for the US Dollar to be pegged to oil. That would signal the end to the US dominance. The central bankers (IMF/World Bank) would shift their support to the new profit market. If you think I’m crazy, just know that the shift doesn’t end here. Russia has improved its relationship with India. India is the world’s 1# arms buyer. Purchases mostly coming from Russia. China and India are moving closer together while China begins to assert its dominance over its southern neighbors. China is also becoming Saudia Arabia’s number one buddy in the oil market. And Iran (another oil producer with access to the sea) is close with Russia.
So you have half the world working together, with the US nowhere in sight. This is “blowback” of an arrogant empire ran by un-checked bureaucrats and unelected interests spending a century trying to “spread democracy” around the world.
ZeroHedge: “To summarize: while the biggest geopolitical tectonic shift since the cold war accelerates with the inevitable firming of the “Asian axis”, the west monetizes its debt, revels in the paper wealth created from an all-time high manipulated stock market while at the same time trying to explain why 6.5% unemployment is really indicative of a weak economy, blames the weather for every disappointing economic data point, and every single person is transfixed with finding a missing airplane.”