In the last update here I made the comment pasted in just below dated 4-18-22. Nothing major that I am aware of has changed since. However, in regards to a key point that we may seeing the end of "global cooperation" going forward from here, I did see this article about the idea that Russia and other nations may be moving forward with some kind of plan to back the ruble with commodities (possibly to include gold). Obviously, if Russia and other nations make a move like this, it will be significant news potentially impacting the global monetary system. But I could not help but notice one part of this article discussing a recent interview by a high level Russian official (Nikolai Petrushev). It provides some insight into the very key point I had mentioned below about the weaponization of the monetary system creating trust issues around the world.
Here is the key paragraph with a quote from Russian official Nikolai Petrushev (added underline is mine)
"On the subject of the financial sanctions themselves, and the freezing of Russia’s FX reserves held abroad, Patrushev states that by imposing sanctions against Russia, the “the West is hitting not only Russia, but also itself”, and has damaged trust in the US dollar as the world’s de facto reserve currency:
“The current global financial system is built solely on trust, including in the United States as the issuer of the world’s reserve currency. Half a century ago, the gold factor was present, but in 1971 the States untied its currency from its quotes, which made it possible to issue money virtually without control.”
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Previous Update as of 4-18-2022: