And we basically asked for it. In his first piece for RS, Frank Giustra, co-chair of Crisis Group, writes that the US spent the last century weaponizing the dollar, reaching its culminating point in the global sanctions against Russia. The rest of the world is reacting by seeking out viable alternatives. The only choice now, is whether the US will get on board, or be walloped in full. Great read this morning:
https://responsiblestatecraft.org/2023/05/03/de-dollarization-not-a-matter-of-if-but-when/