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former Wall Street analyst John Rubino warns that Americas history of being a schoolyard bully is putting the U.S dollars Reserve currency status at risk he argues that for decades other nations have been victims of the U.S governments weaponization of our monetary system and the Dollars Reserve status now theyre taking a stand were seeing that as countries like China Russia Brazil and Malaysia are all making moves to lower their dependency on the dollar here are the facts since the start of the russia-ukraine war Chinas Yuan has replaced the dollar as the most traded currency in Russia ing to Bloomberg trading volume for the Yuan topped the dollars for the first time ever in February with the disparity becoming even more docHub in March at the end of that same month China and Brazil struck a deal to begin trading directly in their own currencies in April Malaysia began talking with China about creating an Asian monetary fund so the pair could also ditch the dollar and trade
