China cuts US Treasury holdings to the lowest level since the global financial crisis>The Chinks are not stupid, they may not be the next big thing, but they are working on it.
One way to dethrone the U.S. is to de-dollarize.
Getting rid of U.S treasuries and replacing them with GOLD is how they are working to de-dollarize the world. It will take some time
The BRICS countries are expanding. The end of the petrodollar is the first salvo. The Saudis, Iranians, and Mexico are interested in joining BRICS. When you combine the raw materials and commodities with the world's largest economy (China), you have a formidable challenge.
In the meantime, the West is de-industrializing via climate change.