understanding what they talk about. This is about the Dollar and its status. They agree that the Dollar is a world reserve currency and miss to mention that a reserve does not have to be the in trade deals used currency.
Then no one mentions how China and Brazil deal using Dollars. There are several ways to do so. They could never actually exchange any Dollars and instead keep internal record of the goods exchanged in Dollars which does make sense, if the trade would run via national institutions and is actually an exchange of goods like machines for food, cars for coffee.
Than there is the possibility that they do ship and fly big piles of printed U.S. Dollar bank notes from one nation to the other. More likely they use the international banking system to transfer numbers that do not even exist in printed form anywere.
I somehow doubt that they will have someone in the USA take a fork lifter and move staples of bank notes from one silo to another as nations do with Gold in Fort Knox and even more often somewhere below Manhatten....(except the Germans because of a real socialist parachute regiment moving to Cuba)
To keep a long story short. They refuse to exchange their money into Dollars from now on. Something that would have needed guns crossing the German German boarder, too.
