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This move away from the US Dollar needs for 2 things to happen.

(1) Hyperinflation of the US Dollar (this should be properly called Dollar Destruction; and will most likely be caused by federal deficit spending)

(2) Trust in other places like Moscow and Beijing being where sincerely fair justice can be obtained in the Courts by aggrieved parties on commerce transactions.

The corrupt folks in the Congress in DC are doing their best to destroy the Dollar through their continued insistence to keep raising the Debt Ceiling and spending more than the government brings in revenue.

But what are the regimes in Beijing and Moscow doing to be places of fairness where aggrieved parties can sincerely seek and get justice fairly? There’s a big reason why so many companies incorporate in Delaware. And the USA is a better place than many others to seek a redress of grievances and hopefully get fairness.

Now of course if you interview Putin or Xi to ask them if they are corrupt their answer would be “no”. But do you trust them? The Dollar’s status as “reserve” currency relies on trust.

The Dollar’s status as “reserve” currency relies on trust.

Yes.

And that trust is rapidly disappearing as the US captures/seizes/steals reserves of countries and people they do not like or agree with.

Rapidly -- as in fast!

Paybacks are a bitch.

This move away from the US Dollar needs for 2 things to happen.

You're thinking that the BRICS are releasing another paper-based currency, like the Euro in 1999. What the BRICS have in mind is a different asset class altogether, something the world hasn't truly seen in almost 100 years. There's is nobody alive today who remembers a gold-based currency, and you can tell when you read these comments.