The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to conduct bilateral trade & investment and issue bonds in local and national currencies instead of US dollars.
https://twitter.com/GoldTelegraph_/status/1245689000268124161
Countries are beginning to avoid the U.S dollar by making other arrangements when it comes to international trade. I also noticed there were record outflows this week of U.S treasuries this past week from foreign central banks…
Could we see a run on the USD and the currency lose its reserve currency status shortly?