Cut The Clutter: Meaning of Fitch’s US downgrade, push for de-dollarisation in Gulf oil states

China posing CIPS as an alternative to SWIFT & promoting trade with the Middle East in yuan adds to challenge to US image of global financial superpower. In Episode 1284 of Cut The Clutter, Editor-in-Chief Shekhar Gupta adds context to Fitch downgrading default rating for US from 'AAA' to 'AA+'.