For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
These were challenges to the dollar’s dominance, but they weren’t mortal threats.
What’s happening lately, however, is a lot more serious. It even has an ominous-sounding name: de-dollarization.
You can read the rest @
https://dollarcollapse.com/currency-war/suddenly-de-dollarization-thing/
And it's not even really that they want to "defeat" us. They have to do this merely to survive.
If global trade is the future of humanity, the US has no future.
And Trump's trade war is playing right into their hands:
ReplyDeletehttps://www.rt.com/op-edge/403553-us-china-north-korea/
THIS is why the powers that be allowed Trump to win - so that with his help they can break the back of US power.
Why, you may ask, would they do that if it threatened THEIR power? Why indeed.