The political representatives of the Western hemisphere, in the European Union and the G7 states, are still in doubt about the final dollarization of the world, which corresponds to the rise of the BRICS states. Few can imagine that the energy-rich bloc that is unfolding around the Moscow-Beijing axis can succeed in establishing a financial system that is as sustainable as the slowly fading dollar system. A few days ago we saw an important turning point when China for the first time transacted more international goods in its own currency than in dollars, this trend will continue, the dollar will continue to decline as the basis settlement currency in the international arena, even if it is still the dominant currency.

The euro, which accounts for around 13% of Swift settlements, will no longer play any role at all in the future. The Europeans cannot back their currency, the euro, with energy or equivalent and will wage a desperate defensive battle with their net zero emissions policy in an attempt to keep the energy rich BRIC bloc and the energy self-sufficient United States at bay.