China is ditching the dollar fast: 30% of trade now in RMB, 50% of cross-border receipts settled in yuan. Shanghai Gold Exchange sees physical gold warrants near 40 metric tonnes
The faint reassurance that the dollar still dominates is fleeting because the trend is compounding. Every deal settled in yuan, every gold warrant moved into reserves, every transaction bypassing the dollar erodes the assumption of American financial supremacy, and no press release or pundit can rewrite that reality. The question is unavoidable: who suffers first …