"There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization.
The United States, which asked to attend, was denied admittance.
Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, 'the most important meeting of the 21st century so far.'
This means the end of the dollar. It means China, Russia, India, Pakistan, and Iran are forming an official financial and military area to get America out of Eurasia.
China has already struck bilateral trade deals with Brazil and Malaysia to denominate their trade in China’s yuan rather than the dollar, pound or euro.
Russia promises to begin trading in the ruble and local currencies.
The governor of China’s central bank has openly called for the abandonment of the dollar as reserve currency, suggesting in its place the use of the International Monetary Fund’s Special Drawing Rights.
What the new system will be remains unclear, but the flight from the dollar has clearly begun.
The goal, in the words of the Russian president, is to build a “multipolar world order” which will break the economic and, by extension, military domination by the United States."
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