https://kingworldnews.com/alert-china-going-replace-dollar-gold-backed-currency-2018/
https://www.rt.com/business/412546-china-russia-gold-standard-dollar/
https://oilprice.com/Geopolitics/International/China-Prepares-Death-Blow-To-The-Dollar.html
Apparently I’m still not posting correctly. Sorry.
You are posting fine. The articles you provided in the last link are the traditional currency battles. Notice one of the articles talks of "petro." That is a natural resource (oil) backed form of trade, for the most part.
I take your point though, that there is competition for dollar dominance. "Stopping using dollars" is a significant deal, regardless of what the substitute is.
Trump understands this ... no, he "groks" this.
Fewer than one in a thousand people have a clue about the power unleashed by electing Trump president. I mean, Trump supporters like him, alot, no sweat. But the power he is wielding is a thousand times greater than the public appreciates.
I still remember what happened to US when we were sorta kinda on the gold standard-People demanded to be paid in gold, when we bought from them. However, they would pay us in dollars for their purchases - so there went the gold.
From what I've read about the economy in China and Russia, it might be a while yet before people decide they want to invest in that currency vs the dollar. Might be that the demise of the dollar is premature.
After looking at Trumps reorganization plans, I'm hopeful that budget deficits will be better, and maybe even start to pay down the debt sometime during His Presidency.