They’re Not Attacking the Dollar – They’re Replacing It: How the Next Monetary System Is Being Built in Plain Sight

By: Michael Jeter

Most people still think the big financial question is:

“Will the dollar crash?”

That’s the wrong question. The real question—the one that actually determines who preserves wealth and who loses it over the next decade—is:

“What is being built to replace the dollar’s role… and how far along is that transition already?”

While investors obsess over stock picks, meme coins, and the next Federal Reserve soundbite, a coordinated shift is unfolding in the background. It isn’t a movie script, and it isn’t a conspiracy theory. It’s policy, plumbing, and incentives.

It’s the quiet construction of parallel systems—monetary rails, settlement networks, and gold-backed reserves—that make using the dollar optional rather than necessary.

Once that threshold is crossed, the end of dollar dominance is not some dramatic “attack.” It’s a shrug.

The world simply starts using something else.

The Wrong Question: “Will the Dollar Crash?”

When people hear “dedollarization,” they picture a cinematic collapse: the dollar goes to zero, hyperinflation hits overnight, and the world burns. That’s not how reserve currencies die.

Hegemonic currencies don’t disappear in a single event. They decay. Their network advantage erodes slowly—until one day, global participants quietly realize they don’t need the old system anymore.

The mistake is to focus on the symptoms:

• The next rate cut

• The next bank failure

• The next debt-ceiling circus

…and ignore the infrastructure being built outside the dollar system:

• Non-dollar trade agreements

• Alternative payment rails and clearing systems

• Central bank gold accumulation

• Regional and bloc-level currency cooperation

The important question is not “Does the dollar survive this year?”

The important question is “How much functionality has already migrated away from it?”

Parallel Rails: Build Alternatives, Don’t Attack the Hegemon

You don’t topple a reserve currency by attacking it head-on. That invites a defensive response and destabilizes everyone, including you.

If you’re a rising bloc of nations, you do something smarter:

You build alternatives.

You create systems that incrementally take over the jobs the dollar used to perform:

• Trade settlement without needing dollar intermediation

• Reserve storage backed by tangible assets like gold

• Payment networks that don’t route through U.S. banks or SWIFT

• Regional currency agreements for oil, gas, and commodities

Bit by bit, you make the dollar less necessary.

We’re already seeing:

• Energy trades settled in local currencies rather than dollars

• Cross-border payment systems that bypass legacy Western channels

• Growing central bank demand for gold as a neutral, non-fiat anchor

None of these steps, taken alone, “destroy” the dollar. That’s the point.

Each step simply makes the alternative system more complete.

At some point, rational actors look at the two sets of rails and say:

“Why are we still paying the toll to use the old track when the new track is cheaper, faster, and backed by something real?”

That’s the heart of this transition.

Why the 60/40 Portfolio Is Quietly Becoming a Wealth-Destruction Model

Traditional financial advice is built on a simple assumption:

“The dollar remains the unquestioned center of the system.”

When that assumption weakens, so does the entire model built on top of it.

The classic 60/40 portfolio (60% stocks, 40% bonds) works only when:

• The underlying currency remains a trusted store of value, and

• Government bonds are considered risk-free collateral inside a stable system.

But what happens in a world where:

• The dollar’s global share of reserves drifts steadily down,

• Alternatives start carrying higher yields and better settlement terms, and

• Real assets (especially gold) reprice upward against fiat?

You can have a portfolio that looks “fine” on paper in nominal terms—while its purchasing power is being hollowed out.

You see this when:

• Gold makes new all-time highs over a few years,

• High-quality tangible assets quietly outpace wages and savings,

• Bonds and cash give you a yield that looks ok on a statement but fails to keep up with the real repricing going on underneath.

In that scenario, 60/40 becomes a slow bleed. You’re working hard, following the rules, and still losing ground because you’re sitting on assets entirely denominated in a system that is gradually being repriced down relative to harder collateral.

When the monetary architecture itself is shifting, the question is no longer:

“What mix of dollar assets should I hold?”

It becomes:

“How much of my net worth is trapped inside a system that’s losing its privilege… and how much is positioned on rails that will matter after the repricing?”

Wealth Preservation in a Transition: What Rational Actors Do

If dedollarization is not a movie-style crash but a plumbing shift, then wealth preservation is not about panic or prepping. It’s about re-denominating your life in things that survive denomination changes.

Broadly, that means:

1. Own Real Assets, Not Just Paper Claims

When the unit of account is being questioned, you want exposure to:

• Productive land and housing

• Real businesses with real cash flows

• Precious metals (especially gold and silver)

• Strategic commodities and essential infrastructure

These are claims on real output and real collateral, not just claims on future fiat payments.

2. Diversify Your Monetary On-Ramps

Instead of having every pathway to your wealth flow through one jurisdiction and one currency, you:

• Use multiple banking systems (e.g., U.S. + Switzerland or another stable jurisdiction)

• Hold some reserves outside your domestic currency (like CHF, where it fits your strategy)

• Keep a portion of your wealth in vaulted metals outside the banking system entirely

You’re not betting against the U.S. or any one country; you’re betting on redundancy.

3. Align With the New Infrastructure, Not Against It

If the world is building parallel rails—local-currency trade, gold settlement options, new payment channels—then:

• Governments and funds that plug into these rails early will have better financing options, more resilient reserves, and more bargaining power.

• Individuals who understand these rails can position in assets that benefit from the shift, rather than clinging to portfolios designed for the old world.

This isn’t about cheering for anyone’s decline. It’s about recognizing that systems evolve, and wealth flows toward those who adapt before change becomes obvious.

Why I’m Building Gold-Backed Housing in West Africa

For me, this is not just an intellectual debate. It’s operational. I see two things happening at the same time:

1. The global system is drifting away from monopoly dollar dependence and toward multipolar, asset-anchored rails.

2. Many African nations are still forced to borrow in foreign currencies, dependent on external credit, and vulnerable to policy decisions made thousands of miles away.

So I asked a simple question:

“What would it look like to build a local development model that is actually aligned with the next monetary system, not the dying one?”

That’s where the idea of a gold-backed housing fund in Burkina Faso comes from.

• Housing: a real, human need—families living in dignified, affordable homes.

• Jobs: construction, services, SMEs, and local suppliers benefiting from the build-out.

• Gold: a neutral, globally recognized store of value sitting behind the structure, reducing risk for investors and giving the model resilience when fiat systems wobble.

Instead of waiting for the IMF, the World Bank, or some external lender to dictate terms, the model is:

• Private capital,

• Hard collateral (gold),

• Real assets (homes and community infrastructure),

• Local alignment with government priorities.

That’s what a practical response to this transition looks like.

It’s not just, “Buy gold and hide.”It’s, “Use gold to anchor real development that outlives the fiat cycle.”

Doctrine & Predictions: What I Expect and How I Position

I don’t claim to know the exact quarter when confidence breaks or which bank shows up in the headlines.

But my doctrine is simple:

• Reserve currencies don’t last forever.

• We are late in the dollar’s uncontested reign.

• Alternatives are no longer theoretical—they’re being built, tested, and scaled.

• Gold is being re-monetized quietly, balance sheet by balance sheet.

• The transition will feel “gradual, then sudden” to anyone not watching the plumbing.

What follows from that?

1. I assume more volatility and less trust in paper promises over the next decade.

2. I favor tangible collateral and sound money over purely nominal yield.

3. I design projects—like the Burkina Sovereign Housing & Gold Fund—to live comfortably on the other side of a currency regime change.

You don’t have to agree with every prediction to see the direction of travel. The world is giving itself options.

The dollar doesn’t need to “explode” for your portfolio to be in trouble. It just needs to lose enough privilege that the old models stop working.

When that happens, the line between those who understood the transition and those who ignored it will be very clear:

• One group will own claims on real things tied into the new rails.

• The other group will hold beautifully diversified paper tied to a system that quietly repriced underneath them.

My choice is simple: Own the things that survive the denomination change.