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Yes, it will fade away or die out with the older generation of people.
This is very dependent on how people will be able to accept the truth of
the races of humanity. For many it will be very difficult. For some it will
be hard as they may become lonely because of their new belief system.
For a few whose power base and profit motive is primarily focused on
their own race. So they and each like them will put out their own feel
good arguments against the truth with zero supporting scientific data in
order to preserve their own livelihoods.