Part 7/10:
The Decline of the US Dollar and Future Economic Implications
Financial analysts and scholars widely believe that the erosion of the Petro dollar's influence is already underway. As nations diversify their reserves and conduct trade in alternative currencies or gold, the dollar's role as the primary reserve currency diminishes.
The USA's recent sanctions and economic policies have inadvertently accelerated this process, prompting many countries to seek sovereignty over their currencies and resources. The formation of the new banking system—the BRICS New Development Bank (NDB)—serves as a counterbalance to Western-controlled institutions like the World Bank, further decentralizing global finance.