Brics - Economic co-operation group

It actually suits China to continue using USD. There's only a few countries that China has a trade deficit with like Chile and Argentina, so it makes sense to use surplus USD to settle those accounts.

It has established currency swaps with Australia, Qatar, Saudi Arabia and now France. Other EU states will no doubt avail of the option, especially if Trump gets back in.

I think in the US's case "interest" is a more apt term than colony.

They don't need to plant a colony if they can just prop up a regime to extract what they want.

What Russia and especially the Zionists are doing is definitely colonialism, replacing populations.

The USA on the other hand controls other nations through other means, indirectly, via puppet rulers, or monarchies like Saudi Arabia which is a social arrangement completely at odds with the US's own social domestic culture.

It is odd that the US Coast Guard patrols Saudi waters.

Theres no harm in proposing alternatives to the extraterritoriality of the USD.

Australia and China have had a currency swap that bypasses SWIFT for years and you never hear western hysteria about that.

Portugal and Greece and a few other EU members have signed up to the belt and road initiative yet no one is accusing them of pushing an anti west narrative, especially as both are also NATO members.

Even the EU progressed with an alternative to SWIFT because of Trump's protectionist policies. If he wins then the EU protecting its economy from US isolationism is back on the table.

They can use the USD and sidestep SWIFT as is.

Are the dispossessed Palestinians fighting back an act of colonialism, is the NIP and act of EU colonialism, etc..

An organization with countries who largely hate each other, have widely different political and economic systems and are geographically far apart. Ye I'm sure it will be a roaring success.

Currency swaps like what Saudi Arabia and Australia have with China are arrangements between central banks, and not via intermediaries.

For example if an African country wants to build a railway they dont need to go London or NY to arrange bankers yada yada, they can look East for the tech and finance. Russia and Iran are massive energy suppliers, China is prime manufacturer to the globe , ironically if the US wanted to have an open ended war with China the US would need to buy the parts from China ;-)

If you were to straight-line the US and Europe bankruptcy would be the end game. The Black Swans are AI/Robotics , and who wins the Electricity race to power these is pivotal. The West needs to win the next tech leap.

Havnt some of the African countries just kicked the French out for exploiting Uranium production, they get to choose right? Obviously western colonialism left a bad taste in the mouth? historically didnt colonised countries try to escape the old master is some shape or form? for instance Iran courting Germany in the 1930's or indeed Ireland turning to German project managers to build hydro stuff in the same period.