Nations, banks, and multination companies are already moving to diversify the foreign currency they hold away from the US dollar. This is to help insulate them from the chaos already starting and that they believe could get worse, and anticipated serious downturn in US productivity and trading. They are carefully shorting the US economy and defending their own ones so the fall out is less. It does have to be done carefully though to not trigger what they are trying to protect themselves against. In Europe this is combined with a massive move to increase defence spending, and remove dependencies, including economic, on the US.
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