Is China that devious? Would they artificially pump-up the USA stock market, in order to crash gold today? Then they could acquire cheap gold, and crash the world markets, to establish themselves as the world's lone superpower. Everybody would need to trade in yuans. The USA would be finished as a superpower.
Who agrees with me?
Does China Plan To Back The Yuan With Gold And Make It The Primary Global Reserve Currency?
Financial crises in the US and Europe mean the world needs a new, more stable global reserve currency, and trade in RMB is growing rapidly. In the FX market, for example, our figures show that volumes are now worth around USD 5-6 billion daily – double what they were a year ago.
Why does China have free access to Iraqi oil, that the USA liberated? Because the USA is stupid.
Iraq War Paying Off — for China