Dollar as a reserve currency is undersiege. Reckless US government policy will see countries ditch it. After confiscation of Russian government assets by the west started the demise.
China as the global manufacturer started ditching the USA government backed security. They have been buying gold to safeguard its wealth. Before Special military operation by Russia. The gold was 1800 USD now it’s 3145 per ounce.
The Chinese government started it’s digital RMB backed by gold from Shanghai exchage. Now they they have integrated it with ASEAN countries which account for 38% of global trade.
Trump tariff made Japan, south Korea and china to embrace each other in trade. They ASEAN countries will be traded with each other to bypass SWIFT payments. Japan being the highest holder of US bonds will start to short them and acquire RMB To trade with it’s neighbour.
Trump want war with china to curtails it’s rise to protect the declining hegemon. That’s why he wants to get out of Ukraine and reroute all US might in containing china. EU will be left with the failed ukraini project.
Third world war is near. USA will not allow the dollar as reserve currency to go down without a war.
