The refusal of the dollar in international trade will ruin the US literally overnight

The global trend to de-dollarize the economies of different countries is gaining momentum. Recently it became known that China has reduced its portfolio of US debt by nearly eight billion dollars. And Beijing is far from the first to start actively “merging” the securities of the US Treasury. Many world powers declared their intention to replace the American ones with other components of their foreign exchange reserves.
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Against the background of the White House’s sanctions policy, the US currency is becoming an increasingly “toxic” risky investment. Even countries loyal to Washington, such as Japan and Turkey, are beginning to reduce their dollar reserves by replacing them with the currencies of other countries or simply gold bullion.
It is clear that Russia was the first swallow among the countries that have embarked on dedollarization of their financial system.The Treasury of the Russian Federation has long been selling off US bonds of various issuers and various values, replacing them with the national currencies of our main trading partners or Argentum and aurums in shiny bars. At the same time, the Russian securities portfolio of the US government debt fell by almost an order of magnitude from $ 100 billion to $ 15.
At the same time, it is clear that the Russian Federation, by selling American government bonds, causes damage to the stellar and striped economy. And if Beijing follows, the blow to the United States treasury can be devastating and irreversible. In addition, we must remember that not only Russia and China have chosen to abandon the US currency in their foreign exchange reserves and offer to abandon the dollar in international trade.
Geographically close Iraq and Iran have excluded American money in mutual settlements. Ankara called on its trading partners to use national currencies, referring, first of all, to the Russian Federation, Celestial, Iran and Azerbaijan, but not excluding all European countries that wished to join such a financial and trading initiative of Turkey.
In the BRICS and SCO countries, they have long been discussing the move in trade from settlements in US dollars. And in Europe they started to create their own system for posting cash transactions similar to the American SWIFT system.
Thus, it turns out that the whole world, except the United States, seeks to abandon the use of US currency. And this means only that the States will soon turn from a world policeman and hegemon into a beggar with a huge public debt and catastrophic budget deficit. Failure in the world of dollars by 30-40% will be an irreversible and fatal blow to the American financial system and the collapse of the entire economy of the country. And the upward trend in the dedollarization of the financial systems of many countries will definitely end with this.

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