"GLOBAL SOUTH builds it's own version of economic dominance."...

"GLOBAL SOUTH builds it's own version of economic dominance." Perhaps, but its version won't be what you expect, because the regime composite don't trust each other and so without trust, isolation economics prevail. India who is in the ascent, will continue to coalesce with the West and play the other side, whilst containing the natural political and geographic enemy - China.

China has significant debt and domestic economic challenges, none more so than population demographics as a result of their fanciful one child experiment. You think the West debt position is bad.

"HE WHO HAS THE GOLD MAKES THE RULES". Well that certainly hasn't been factual the past 60 years. US Treasuries continues to be the go to asset and whilst global debt is denominated in it, the risk lay with those who hold, not those who issued. The West (for better or worse) made China's Economic Miracle and as they exit, the debt issues will become acute, especially because they are in a very poor position to transform their export economy to a consumer economy. The rest of that regime are a bunch of political basket cases with a lack of common ideology outside of systematic corruption (much worse than the Western systems).

All things are relative old timer.