well its east vs west. and east will win. BRIC vs swift. brazil, russia, india and china have setup their own payment system for trade. they dont need petro dollars to buy 'stuff'. The russian rouble is indirectly backed by gold now and is an alternitive for bric nations and saudia to trade with. the usd is on a final victory lap, its demise is accelerated by the russian sanctions, currency printing and spending. we have abused our reserve currency position and the chickens are coming home to roost. all that inflation we have exported is coming back. but a dollar crash is needed for cbdc to be desired. all currency not backed by hard assets will return to its inherit value of zero. some faster than others, which is what you are seeing here. prepare accordingly.

Because Europeans are now living like 12th century peasants without electricity.