Slowly then quickly the decline of USD hegemony is accelerating as China builds and operates its alternative trade payments protocols (CIPS and mBridge) that remove the need for central banks to hold reserves in dollars.

Instead central banks logically hold more neutral liquid assets like gold and potentially, Bitcoin. Trade is being and will be increasingly be conducted directly with China via respondents currencies and not mediated via USD.

Without its USD hegemony the US empire now so reliant upon its legacy extraordinary privilege will be swiftly insolvent.

Anyone wanting to buy the $7Trillion USTs that need to be rolled over before Christmas? Silence!

A retreat from global hegemony to regional hegemony over the Americas is likely and already indicated by the signals coming from the current US president.