Russia And China Finally Sign Historic $400 Billion "Holy Grail" Gas Deal

US economic sanctions against Russia are impotent, as anticipated.  What most casual observers don't realize however, is these so-called sanctions will only backfire on the US as the demise of USDollar hegemony accelerates.

http://www.zerohedge.com/news/2014-05-21/russia-and-china-finally-sign-400-billion-holy-grail-gas-deal

To conclude with the traditional geopolitical balance of power summary: Putin wins (again), Obama loses (again), and the monument to the dollar's status as world's reserve currency gets yet another tarnishing blow.

Russia, China Close In On Multi-Billion Dollar Gas Deal

This bilateral trade agreement between Russia and China is another death knell for the USDollar as a reserve currency.

http://www.economywatch.com/news/russia-china-billion-dollar-gas-deal.06-09.html