I think you're missing the concern that was raised by the American Secretary of State Janet Yellen. Her concern was not about the size of the trade carried out on the US Dollar versus the Yuan today; to the contrary, the concern was about the challenge made to the tools that the US and the West in general used to have to sanction and cripple the economies and trade of other countries. These financial tools used to bring countries to their knees. They also used to cause the deaths of millions of men, women, and children as we've witnessed what they did to Iraq in 1990s and other countries as well.
"In an interview to CNN, the US Treasury Secretary said: 'There is a risk when we use financial sanctions that are linked to the role of the dollar that over time it could undermine the hegemony of the dollar.'"
Today, if a country is sanctioned unilaterally by the US and its allies - and not through the UNSC, that country can bypass those sanctions by having their central banks engaging in other financial transfer system such as the CIPS and SPFS financial systems. This trade is carried out on currencies in which the US Dollar is not part of. In other words, countries are using their own currencies when it comes to settling their trade.
"De-dollarization
It appears that King dollar is on verge of losing the crown. The Indian government, last month, said that as many as 18 countries – including Russia, Sri Lanka, UK – have expressed interest in settling overseas trade with India in Indian rupee or INR."
The move from Iran and Saudi Arabia is also very significant. The dominance of the USD as a reserve currency was based on the oil and gas trade carried out on the US dollar. That trade will also be carried out in other currencies such as the Yuan.
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Iran has completely abandoned dollar trade with China and Russia. Saudi Arabia, a key OPEC member, said it will completely give up PetroDollar and will start accepting PetroYuan."
So what can we conclude from all of this? If anything can be learned from the aftermath of the wars and economic sanctions waged on Afghanistan, Iraq, Syria, Russia, DPRK, and other countries, the effects of these wars have backfired on the hegemonic West, US in particular. Of course, we, unfortunately, lost millions of people in the countries invaded, especially Muslim nations where my country is one of them; but a sweet justice is coming back to elites who engineered this fraudulent and cruel SWIFT system that was used to suffocate countries and the wars launched on its behalf. It is a gradual process. No one is hurrying. The US Dollar is still being used, but it is not the only one in the world which trade is base on.
Have you noticed the countless travel that Blinken was making to Africa? They were all designed to inform them not to trade with China, Russia, Iran, and other countries based on any currencies outside of the US Dollar. They're panicking but it seems grip is gradually loosening.
And to
The Chosenites, these folks thought they could easily have everything between the Euphrates and the Nile using SWIFT, NATO, World Bank, IMF, Veto power in the UNSC, etc. Alhamdulillaah, their grip is loosening, and their Freemasonry backers are going to be bankrupted gradually. The cries of our mothers and brethren in Al-Quddus and in other towns in the Holy Land will insha'Allah at some point come to an end. I am hoping and praying it will be soon.
The hadith of everything going back to the silver and gold will be fulfilled.
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