News - Middle East: While there is a decline in Washington's standing as a superpower, the US is facing another harsh reality; the decline of the US dollar as it falls from international grace one country at a time.

All indicators show the amount of US dollars held in reserves by non US central banks has fallen to its lowest level.

The United States of America, the most indebted nation ever, also has a sovereign debt crisis, another sign that we may be heading toward the collapse of the US dollar.

The weaponization of the US dollar, not to mention the imposition of US sanctions on perceived adversaries has made other countries wary of utilizing the greenback in their financial transactions.

Thus, countries such as Iran, Russia, and China, are moving towards the elimination of the dollar altogether.