In 2018 Russia Dumped most of its US Treasury debt and started stockpiling Gold.

4 years later we had Ukraine

This week China did the same...

Is WWIII a financial War for a new global reserve currency?

https://asia.nikkei.com/Business/Markets/Bonds/China-s-U.S.-Treasury-holdings-hit-12-year-low-on-rate-hikes-tensions#:~:text=NEW%20YORK%2FBEIJING%20%2D%2D%20China's,rate%20hikes%20and%20bilateral%20tensions.