Quote from ByLoSellHi:
The USD may actually be king of all, despite protestations to the contrary, as foreign economies, including those in many emerging markets, do a kamikaze dive.
Only if US starting new wars and blocking sea routes around the globe and hijack world trade with USD. Otherwise; why would other countries trade with each other in USD.
For example; China has recently refinanced a lot foreign debts in Chinese Yuan under the name of currency swap thorough Asia, south American and, middle east. This move will guarantee its export to those markets, at the same time, lessen the dependency of USD.
Next step for China, dumping US debts in open market which will be very interesting. LOL