The US dollar has been a key instrument in US global power projection for decades. However, recent statistics show that the dollar's share of reserve currencies is decreasing at a much faster rate than in the past two decades. In fact, in 2022, the dollar share slid 10 times faster than the average over the past 20 years. As the corporate western media begins to attack the de-dollarization narrative, it is clear that the panic in Washington has fully set in.

The dollar's share of global reserves was 73 percent in 2001, 55 percent in 2021, and 47 percent in 2022. It is now estimated that the global dollar share could drop to just 30 percent by the end of 2024, which coincides with the next US presidential election.

The defining moment that led to the fall of the Hegemon was in February 2022, when over $300 billion in Russian foreign reserves were frozen by the collective West, causing every other country on the planet to fear for their own dollar stores abroad.

There are also some essential developments on the trading front. Over 70 percent of trade deals between Russia and China now use either the ruble or the yuan, and Russia and India are trading oil in rupees. Additionally, Banco Bocom BBM recently became the first Latin American bank to sign up as a direct participant in the Chinese alternative to the western-led financial messaging system, SWIFT, known as the Cross-Border Interbank Payment System (CIPS).

De-dollarization is accelerating and the US dollar's status as a global reserve currency is in decline. The dollar's share of global reserves was 73% in 2001, 55% in 2021, and 47% in 2022, with the share dropping ten times faster last year than the average over the past two decades. Some key players are now trading in their own currencies and bypassing the US dollar, such as Russia and China who have signed over 70% of their trade deals in rubles or yuan, respectively. Bilateral trade between Russia and Bolivia now accepts settlements in Boliviano, which is pertinent as Rosatom aims to be involved in the development of Bolivia's lithium deposits.

At least 19 countries have requested to join BRICS+, the extended version of the major multipolar institution, whose founding members are Brazil, Russia, India, China, and South Africa. The existing five BRICS nations will contribute 32.1% to global growth, compared to the G7's 29.9%. Key Global South players are focusing on BRICS+ as a multilateral institution capable of smashing Western hegemony, with potential new members including Iran, Saudi Arabia, UAE, Turkey, Indonesia, and Mexico.

Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman are steering their countries towards the Russia-Iran-China (RIC) partnership, away from the US. The new game in West Asia is the incoming BRIICSS, featuring both Iran and Saudi Arabia, whose historic reconciliation was brokered by China. The evolving Iran-Saudi rapprochement also implies a much closer relationship between the Gulf Cooperation Council and the Russia-China strategic partnership, which will translate into complementary roles in terms of trade connectivity and payment systems for the International North-South Transportation Corridor and the China-Central-Asia-West Asia Economic Corridor. Brazil is the only BRICS member at risk of being relegated to the status of a secondary player.

The shift away from using the US dollar as a dominant currency has been accelerated due to Covid-related supply chain disruptions and the imposition of western sanctions on Russia. The BRICS nations have a strong commodity base, while the G7 nations control finance. This has resulted in a situation where the G7 nations are unable to produce commodities, but the BRICS nations can create currencies that are linked to tangible resources such as gold, oil, and minerals. This has resulted in a change in the pricing of oil and gold, which is shifting towards Russia, China, and West Asia, leading to a collapse in demand for dollar-denominated bonds. The reduction in the use of the US dollar as a weaponized currency will end up destroying the logic behind the US' global network of military bases and their operating budgets.

The organizations of Eurasia are coordinating to counter the western-led system, which has trampled on international law. This was one of the key themes of Russian Foreign Minister Sergey Lavrov's speech at the UN. The Davos/Great Reset globalist combo declared war on oil immediately after the start of Russia's Special Military Operation (SMO) in Ukraine. They failed to isolate Russia and now OPEC+ rules the global oil market.

Western elites are panicking, especially after Lula's call to the Global South to replace the US dollar with their own currencies in international trade. Christine Lagarde, president of the European Central Bank (ECB), warned that geopolitical tensions between the US and China could raise inflation by 5 percent and threaten the dominance of the dollar and euro. However, the monolithic spin across western mainstream media that BRICS economies trading normally with Russia creates new problems for the rest of the world is baseless as it only creates problems for the dollar and the euro.

The collective west is reaching Desperation Row, timed with the announcement of a Biden-Harris US presidential ticket running again in 2024. This means that the US administration's neo-con handlers will double down on their plan to unleash an industrial war against both Russia and China by 2025.