De-dollarization is a myth? There are plenty of dollars circulating, but not where the U.S. needs them. China, like a martial artist, uses the dollar against the U.S. By issuing billions in dollar-denominated bonds to its BRICS, SCO, and BRI partners, China drains global dollars and channels them into local infrastructure projects. Dollars in the Global South are safer with China, which won't arbitrarily seize funds. These dollars can be reinvested into productive infrastructure, benefiting local economies, rather than into speculative instruments like U.S. stocks, real estate, or debt. What an irony for the fading hegemon.
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