India, Sept. 17 -- Beyond the headlines and noise, momentous and tectonic shifts are taking place in the global order, particularly in the global financial ecosystem. Even as the US President Donald Trump thumps his chest, and his aides threaten allies, the world is quietly beginning to contemplate an environment where the dollar will remain the dominant currency but no longer be the invincible behemoth.

The more the MAGA (Make America Great Again) "patriots" threaten to sanction countries, and cut off cheap access to the US market, the faster the world will start looking for currency and market alternatives. This will accentuate the ongoing shift away from the dollar, which too took some time to concretise and develop. For more than a d...