

China has been quietly selling off its USD for a decade. The geopolitical alliances have been shifting for a while, but Hormuz just pushed it into high gear.
Personally I now avoid doing business with US companies where possible and am looking into Bank of China for banking - getting away from anything that sends money to the US where I can. I doubt I’m the only one.



















hmm, this seems somewhat to tell a different story?
https://en.wikipedia.org/wiki/Foreign-exchange_reserves_of_China
The true breakdown of total reserves is not public, but it does seem to me that the actions of China are bolstering stability far more than the US at this stage, and I expect to see further decline in USD holdings globally as the US implodes its former soft power supremacy.