De dollarization Explodes Globally 40 Countries Refuse to Use the Dollar Reject US Dollar

U. S dollar is pegged to oil to become the world s only currency with devaluation risk hedging function, but if all the countries in the Middle East are no longer using the dollar for oil settlement, the dollar s dominance will suffer an unprecedented impact, and may even end the era of dollar hegemony. Third, many countries to step up the transport back to gold. The Bretton Woods system made the U. S. dollar the only currency pegged to gold, and the U. S. became the world s economic hegemon, depositing all the world s gold in its own banks. But as the system collapsed, more and more countries wanted to ship back the gold for their own security. But the United States will not easily agree, for them, a large number of lost gold, also will affect the economic development of their own country. Fourth, the construction of a new international settlement system. At present, the BRICS countries, led by China and Russia, have already started to intend to establish an international settlement