There is not YET (as of today or next year) replacement for:
US/EU/UK/AUS/CAN/NZ consumer mass (all producers EXPORT to these countries and currently need their currencies to run their own economies/debt servicing)
SWIFT/G7-banking/financing/rehypo markets/LC instruments/the whole financial system for global trade clearing
A deep enough currency base to replace USD without crashing/spiking individual currencies used (ie. a liquid pool of reserves for global trade that is not USD)
Protection of the trade routes that the G7 (mainly USA) armies guarantee.
few other smaller bits and pieces
The current world trade of real goods runs as a vendor financing system from producing countries (BRICS++) to consuming countries (G7++), while the financial economy debt creation flows the other way.
When this chain is broken and replaced, then the world can rid itself of the curse of the USD (and replace with another curse).
You are right, but that'll take time.
Why?
Read my comment below ("No, you misread...").
In short:
There is not YET (as of today or next year) replacement for:
US/EU/UK/AUS/CAN/NZ consumer mass (all producers EXPORT to these countries and currently need their currencies to run their own economies/debt servicing)
SWIFT/G7-banking/financing/rehypo markets/LC instruments/the whole financial system for global trade clearing
A deep enough currency base to replace USD without crashing/spiking individual currencies used (ie. a liquid pool of reserves for global trade that is not USD)
Protection of the trade routes that the G7 (mainly USA) armies guarantee.
The current world trade of real goods runs as a vendor financing system from producing countries (BRICS++) to consuming countries (G7++), while the financial economy debt creation flows the other way.
When this chain is broken and replaced, then the world can rid itself of the curse of the USD (and replace with another curse).