The post below is made by the International Monetary Fund (IMF) so it cannot be dismissed.

Of course the demise of the $ will not happen overnight.

But the decline of the currency that is now the world reserve currency and the world trade currency has started.

🦋 have some remarks about the post by the IMF :

1) No mention is made of world reserve that has gone into gold, silver, cryptocurrencies and Swiss Francs.

Omission of Swiss Francs is surprising.

IMF has always been against the rest mentioned by 🦋 so their omission from the post is not surprising.

2) Countries like Russia and China and some of the countries that were part of USSR have been increasing their holding of gold and silver.

3) China will continue to gain in importance

4) The disproportionate holding of the Chinese currency by Russia is the fault of USA.

By trying to impose on other countries with sanctions , exclusion from SWIFT which is based on the US$, the USA is hurting itself and driving other countries togetherUnlike small countries that are easily bullied by the USA,  Russia and China form a significant part of the world economyAs more countries join this new axis, the USA will decline further. 🦋