The USSA’s Dollar is a dead currency limping. It’s as dead as the heritage American nation. However, it’s full death and burial won’t happen instantly. Rather, it will be and is a slow process.

The de-dollarization of the global financial system will continue. This will be facilitated in particular by progress in financial technology. The development of automated trading platforms will reduce the cost of exchanging one currency for another. Central banks will seek to directly clear each other’s currencies without directly using the currencies of Western countries. In the future, central banks’ digital currencies may also be used for international transactions, reducing costs for economic agents. However, this process will be slow and we should not expect a fundamental change in the global financial system in the foreseeable future.

The new “Gold X” will be just what the doctor ordered for processing international transfers without kneeling and groveling before the wicked rulers of the GAE. It won’t happen overnight, but it will happen in the foreseeable future – if one can see a year or ten down the economic road. Most, of course, can’t. Most ‘Muricans won’t notice until the process is already over. By then, well, maybe another swell election will help?