Imagine a world where no country but the U.S.A. uses the USD? Each country or group of countries will start using own currency for domestic and international trade, currency based on the economic capacity and not on governmental decrees. It might be traditional money or their own new sovereign cryptocurrencies, controlled by the state. This will no longer be either the U.S. dollar, or its adoptive child, the euro. There will no longer be international transactions controlled by the U.S. banks via the SWIFT, an international system of transfers tied up on the USD. This system allows and facilitates for the United States to implement financial and economic sanctions of all kinds: confiscate foreign funds, suspend trade between countries, blackmail 'disobedient' states, forcing them to submission.

How would this change the world? In brief, we would certainly get one step closer to global peace and one step further away from the US economic domination, moving towards the sovereign nation-states and a more balanced and equal geopolitical system globally.

Today the world is not yet ready for this, but we are moving fast in this direction. This partly explains the current wave of financial violence: sanctions, trade wars, confiscation of foreign assets and reserves, or an outright skimming, all in the name of the Make-America-great-again policy. All of this – in total impunity. Surprisingly, the Anglo-Saxon monopolists do not seem to understand that all threats, sanctions and trade barriers induce more resistance than assistance to the American grandeur. The economic sanctions, in whatever form, are only effective so long as the world uses the U.S. dollar for trade and national reserves.

Many countries realise that the dollar is increasingly used to manipulate the value of national economies. Today, the dollar is worth less than the paper it is printed on. The US GDP is USD 21.1 trillion as estimated by the World Bank for 2019, with a current debt of USD 22.0 trillion, or about 105% of the GDP. The global GDP is projected at USD 88.1 trillion for 2019 (World Bank).

According to Forbes, about 210 trillion U.S. dollars today are issued in unsecured notes, with the net estimated value of the proposed unsecured bonds for the next 75 years, mainly in a form of social security, medical care and accrued interest on the debt. This is about 10 times greater than the U.S. GDP, or two and a half times size of the global economy.

This amount keeps growing along with the ever more complex interest on debt, i.e. (in pro terms) servicing the debt – interest and amortization combined, which accumulates as bad. Over the world there are between USD 1 and 2 quadrillion (no one knows the exact amount) circulating in the form of so-called derivatives. This monstrous global debt is partly represented by treasury bonds, making part of FX reserves of countries around the world. The major part of this American public debt is owned by the U.S., with little or no prospects of settling this debt. Although the prospects most likely boil down to generating even more cash and more debt, required to settle bills for waging wars, arms production and state propaganda.

This appears to be one giant dollar pyramid spread globally. One can only imagine this colossal debt falling apart for some reason. For instance, one or more large banks (on Wall Street) might find themselves on the verge of bankruptcy thus claiming all outstanding debts and derivatives (gold on paper) from smaller creditor banks. This would cause a chain reaction that might bring down the entire dollar-dependent global economy. This would be and exponential crisis on a global scale similar to the Lehman Brothers case in 2008.

Governments around the world become increasingly aware of this threat, given that the global economy is built as a house of cards. Countries want to escape this trap and the stronghold of the US dollar. This is not an easy task given all the dollar reserves and all the USD assets held by nation-states all over the world. One solution might be a gradual disposal of all these financial instruments: the cash and investments in US, shifting towards the dollar-free currencies.