Currency War! China & Switzerland DROP U.S. Dollar!

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Swiss, Chinese Central Banks Enter Currency Swap Agreement
The Swiss National Bank and the People’s Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).
RMB developing quickly as major world currency
The renminbi is on track to become the third-largest international currency behind the US dollar and the euro within five years as China accelerates its promotion of the yuan
U.S. fiscal failure warrants a de-Americanized world

Sources:
http://www.nasdaq.com/article/swiss-chinese-central-banks-enter-currency-swap-agreement-20140721-00068
http://usa.chinadaily.com.cn/epaper/2014-07/21/content_17869792.htm
http://news.xinhuanet.com/english/indepth/2013-10/13/c_132794246.htm