There’s also the SWIFT code system effectively meaning every single currency transaction in the world is, for a brief period held in an American controlled bank somewhere, and when you think fo the many trillions of dollars moved around the world, the short term return on that is pretty staggering. If China goes ahead with the Digital RMB and can do deals in that currency it not only challenges the USD profitability but it allows countries to deal with other countries without using the US banking system. The impact on countries that are sanctioned by the US — the number of which today is 29. It will also allow individuals sanctioned to access and use funds, an example is Carrie Lam, the Executive of Hong Kong can not access any of the money in her bank accounts, she needs to be paid in cash because the US can freeze the accounts of people it sanctions individually.

I’m also no economist but I do see that one of the biggest reasons for disrupting China’s rise is not just the fear of becoming number 2 financially, economically and militarily, it’s the fear of becoming irrelevant in the financial world. As soon as China achieves this, others, such as Russia and even the EU will see it as a viable option to the USD