Global South

To phase out the use of the U.S. dollar and other ‘toxic’ currencies. They ought to be reformed but reformation is unlikely because the powerful Global North nations benefit from the poverty of the Global South. Abusing its dominant position, the U.S. has done us a great favor. The Global South countries are sick and tired of the hegemony and the abuse of the hegemony led by the U.S. and Europe and we’re determined to ensure that institutions like the IMF (International Monetary Fund) and World Bank become as obsolete as they are destined to become. The dollar’s global role would plunge, and market disorder and volatility would explode. The malign scenario would be enormously harmful to global prosperity, including America’s ff the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.