Review Submit: De-Dollarization Is Already Happening: Is the U.S. Dollar Losing Its Global Grip?
INTRODUCTION: THE SILENT REVOLUTION UNDERWAY For decades, the U.S. dollar has reigned supreme. Itās been the global reserve currency , the unit of international trade, and the financial weapon of choice for economic sanctions. But a quiet revolution is underwayāa slow, strategic dismantling of the dollarās dominance. Itās called de-dollarization , and itās not a theory. Itās happening. China is buying oil from Saudi Arabia in yuan . India is paying Russia in rupees . BRICS nations are plotting a new global financial order , and countries across Asia, Africa, and South America are beginning to sidestep the U.S. dollar altogether. The implications are seismic. If the dollar falls from its throne, Americaās economic power collapses with it. Inflation, recession, debtāthese will become our new norm. And yet, most Americans have no idea this is even happening. SECTION 1: WHY THE DOLLAR ROSE TO POWER To understand the fall, we need to revisit the rise. After WWII, the U.S. emerge...