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The Dollar’s REPLACEMENT is Being Launched (It’s Closer Than You Think)

Channel: ITM TRADING, INC. Published: 2026-06-16 11:05
ITM TRADING, INC.

The speaker argues that a China-led alternative payments network, Project mBridge, is a meaningful step in the long-term erosion of dollar dominance. He frames the launch as part of a broader move by countries like Saudi Arabia, China, the UAE, and Thailand to reduce reliance on the U.S.-controlled SWIFT system, settle trade in other currencies or gold, and ultimately weaken the dollar’s role in global trade.

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Detailed summary

The core thesis is that the dollar’s global reserve-currency status is being steadily chipped away by the buildout of alternative payment rails, especially Project mBridge. The speaker says mBridge is being pushed by China and supported by central banks in Hong Kong, Thailand, the UAE, and Saudi Arabia, and presents it as a live threat to the dollar system rather than a theoretical experiment. In his framing, the launch of this network would not instantly collapse the dollar, but it would accelerate a multi-year decline in dollar demand and U.S. financial leverage. He builds the case by linking together several themes: U.S. sanctions power, reserve diversification, gold accumulation, and the BRICS-aligned push for monetary sovereignty. …

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Main takeaways

  1. The speaker’s main thesis is that Project mBridge is an important step toward a non-dollar global payment system.
  2. He argues Saudi Arabia’s participation is especially significant because it weakens the petrodollar structure.
  3. He sees SWIFT as part of the U.S. dollar’s control layer and mBridge/CIPS as competing rails.
  4. He believes the shift will be gradual, not an overnight dollar collapse.
  5. He links the trend to gold demand, CBDCs, sanctions risk, and broader de-dollarization.
  6. The video concludes with a direct pitch for physical gold and silver as protection.

Market read by horizon

Short term

Near term, the setup is mostly narrative-driven: any fresh headlines on mBridge, Saudi participation, or sanctions could keep de-dollarization trades in focus. The immediate risk is that the story runs ahead of adoption, so the trade is more sentiment-sensitive than fundamentals-sensitive right now.

  • He says mBridge is in “advanced preparations,” but no official launch date is given.
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  • The immediate catalyst he emphasizes is rising geopolitical stress, especially around Iran.
  • Near-term risk in his setup is further loss of dollar demand as more nations experiment with alternate rails.
Mid term

Over the next few months, the base case in the speaker’s framework is incremental erosion of dollar settlement rather than a sudden break. The view becomes more credible if more central banks, Gulf states, or trade blocs openly expand non-SWIFT rails; it weakens if mBridge remains narrow or symbolic.

  • Over the next several weeks to months, he expects continued fragmentation of the global payments landscape.
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  • His base case is that more trade will move through non-SWIFT channels and non-dollar settlement options.
  • He thinks the dollar’s reserve share keeps drifting lower rather than breaking suddenly.
Long term

The long-run thesis is that the dollar’s monopoly over global trade and settlement is ending gradually as monetary power decentralizes. If that regime shift continues, gold and non-dollar infrastructure become more important reserve and transaction tools, while U.S. financial leverage declines.

  • Structurally, he believes the dollar’s privilege is being eroded by a multipolar monetary order.
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  • He sees CBDC-linked payment rails as a lasting shift toward more programmable and centrally controlled money.
  • He thinks gold is regaining reserve relevance as states look for a settlement asset outside the dollar system.
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Key claims (4)

0:00
BEARISH de-dollarization

Saudi Arabia is teaming up with China to launch a direct alternative to the petrodollar system via the mBridge digital payment platform.

The speaker states Saudi Arabia (a petrodollar creator) is now working with China on a competing digital payment system.

16:05
BEARISH de-dollarization

The dollar's share of global foreign exchange reserves is about to drop under 50%, continuing a 25-year decline.

The speaker cites a declining trend in dollar reserve share and predicts an imminent drop below 50%.

16:20
BULLISH de-dollarization gold

Gold has overtaken US Treasuries as the dominant global reserve asset.

The speaker asserts that gold has surpassed US Treasuries in the role of the world's dominant reserve asset.

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Assets discussed (8)

U.S. dollar — USD
BEARISH fx

He argues dollar dominance is being chipped away by alternative payment rails and de-dollarization.

Project mBridge
BULLISH other

He presents it as a major alternative payment system advancing against the dollar system.

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Where this transcript pushes against consensus

  • The claim that the BIS withdrew because of U.S. pressure is asserted, not demonstrated.
  • He treats mBridge as a direct threat to the dollar without showing transaction volumes or adoption data.
  • The jump from alternative payment rails to imminent currency collapse is speculative and compressed.
  • He implies Saudi Arabia is actively shifting away from the U.S. in a decisive way, but the evidence offered is mostly inferential.
  • The discussion of inflation and hyperinflation is broad and unsupported by concrete current data.
  • He conflates the existence of CBDCs and stablecoins with a single unified control agenda without establishing that link.

Topics

Project mBridgede-dollarizationpetrodollarSWIFTCIPSSaudi ArabiaCBDCsgold reservesBRICSBIS

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