How likely is the USD to lose its world reserve currency status?

I’m willing to bet within 5 years the dollar will be worthless.

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Is this something that could happen soon or is it more fear mongering?

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There would be a world war before that happened IMO.

In the real world where sane people live? Not very likely.

On a Hate America First site like this one? They think it’s already happened.

Europe’s (Western) imports of Chinese goods are ramping up at a high pace, as is Russia’s.

China is also not only cutting purchases of US debt, they are unloading US debt.

We are seeing the beginnings of a possible world paradigm shift.

It's coming. If you haven't watched the 2 "Emergency broadcast" videos from Robert Kiyosaki (Author of Rich Dad Poor Dad) with guest Andy Schectman that he released a few weekends ago - I would highly recommend it.

They breakdown what's happening with the BRICS countries & how they're backing their currencies through Gold and encouraging the rest of the world to do the same in order to get out from under the thumb of the $USD.

They talk about:
1. the development of the "Modern Silk Road" and what that means for global trade
2. global trading in a currency (USD) that isn't backed by anything and continues to print and spend in an out of control way.
3. Close Allies of the U.S realizing what's going to happen to the U.S financial system in the future when this thing finally does fall apart and reaching out to BRICS countries inquiring about membership.
4. How the West is isolating themselves & losing Asia, South America, The Middle East, Africa and Eastern Europe with the tyrannical move to go Green in the name of Climate change and attempting* (It will fail) to bring about the end of fossil fuels.
4a. Saudi pivoting to China instead of the U.S because of point 4 and what it would mean to their economy if the Oil industry were to be crushed.
5. China's rise to Global super power.

It's informative, but bleak. We are in for some interesting times ahead.

LINK

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if the dollar loses its status it will virtually be worthless

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explain how the dollar becomes worthless in that scenario. What other currencies exist in the world that are not the world reserve currency? Are they all worthless?

The Yuan will be the new unit of measure for OPEC. Russia, Brazil, Saudi, Iran are now in bed with China. These are the top producing oil countries.

We are moving toward a two-system world economic order similar to the cold war but with both sides being near-peers economically and more countries playing both sides. Countries will use less USD over the rest of the decade, but they will be hard pressed to find a viable alternative. There will likely be alot of economic and geopolitical turmoil as we transition to the duo-polar world order. Ultimately the USD alternative order may fail and collapse in just a few years, it may fail due to a massive war with the victor determining it’s will, it may succeed and eventually replace the dollar. All of that to say— the USD will likely diminish over the next seven years, but it’s ultimate fate as the most common reserve is unlikely to be settled anytime soon.

More likely it will be a basket of currencies from the BRICs countries. It makes the most sense. There's nothing wrong with competing currencies. Having a single country control the 'reserve' currency is bad for everyone.

Given the current fiat system is entirely fabricated nonsense and backed by nothing?