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currency reserve pushed the entire western financial institutions to the brink of bankruptcy with many European and American banks suddenly felt wobbly for lack of financial trust.

The blatant violation of the financial institutions opened the floodgates to the de-dollarization of the US as the international currency reserve.

Many countries, all of a sudden, abandoned the dollar as their principal system of exchange.

Many opted to use the Chinese yuan or renminbi as their medium of exchange which goes to show the Chinese currency now commands higher value and respect than the US dollar.

The most glaring defiance of this seemingly unilateralist policy of the US is its decision through the European Union to ban the importation of Russian oil and natural gas.

This has resulted in the prosaic pricing of the commodity which most consumers cashing in by importing Russian gas and selling them to friendly countries.

Saudi Arabia has finally abandoned the petrodollar system of exchange, meaning that one can only buy oil if they convert their currency to US dollar.

Now, Saudi Arabia has openly shifted to the Chinese yuan as their medium of exchange in exchange for imports of Russian gas.

The worse thing is that India, a supposedly neutral country and an original member of BRICS, has taken advantage of the big discount given by Russia only to resell them to the US and other EU member states at a much-bloated price.

India knows there exists a ban on Russian imports, and member-countries like the EU states comply for fear of US retaliation.

The US has now become a pariah, for nobody really respects such unilateralist policy.

In fact, the EU ban on Russian’s natural gas has greatly improved Russia’s economy and allowed it to diversify trade with China, prompting it to open a new gas pipeline from Russia to north of China.

Take the case of China.

Admittedly, China imports more micro-chips from either Taiwan, Luxemburg or from the US.

Whatever is the situation, China remains the biggest producer and supplier of these micro-chips.

This alone stands as a dilemma to the US and other countries many of whom stand as equally to be affected by the US’ economically decoupling China.

For instance, Taiwan and Luxemburg will not be directly affected by the US decoupling of China, but they remain totally dependent on China for their imports of these “rare earth” minerals, which today can only be produced in vast quantifies by that country.

The decoupling now indirectly affects these countries as exporters of semi-finished micro-chips.

It is the supply chain that is badly affected although the main target is China.

The US is likewise affected because, as supplier, it will not meet the demand, not to say, its cost.

The exporting countries are hesitant because they know they also will be affected by this unilateralist policy of the US.

Economic sanction, like decoupling, results in an incoherent application of the economic policies.

The practice will never work to achieve a coherent policy for that, in fact, is an expression of one’s national interest more than anything else.

A good example is the economic sanction on Russia.

After it invaded Ukraine, the economic consequence was incalculable and affected countries far beyond what EU could imagine.

The unilateral confiscation of Russia’s $300 billion dollars reserve and its expulsion from SWIFT or world-wide financial telecommunication system was intended to frighten Russia’s credit and loan capacity.

Such resulted instead in the accelerated application for membership to BRICS organization and the formalization of the Asian Infrastructure Investment Bank (AIIB) which now poses to compete with Western financial institutions such as the International Monetary Bank (IMF) and the World Bank (WF).

This lackluster decision by the US and EU saw the sudden slide of the US dollar as the world’s international currency reserve.

The attempted swindling of Russia’s foreign