I'm not even going to bother reading the article, but from your...

I'm not even going to bother reading the article, but from your comments, perhaps one thing you are missing D&C. Most governments have a massive exposure to the USD in the form of reserves they own. This is one reason for the formation of the Euro, to have a viable alternative reserve currency to the USD. It might be very flawed but certainly one of its objectives was to challenge the might of the USD by consolidating Europe under one currency. Its also interesting to note that it was US banks who flogged the US mortgage backed securities to the Europeans that got them in such much trouble & has seen Europe in recession ever since. Is there a lesson here, don't challenge the dollar? Or there will be consequences....

China & Russia & other Brics are doing the same with the fledgling BRICS bank & what do you know, Russia now has US economic sanctions around it. Notice not driven by Europe who surely are the most at risk here, driven by the US. The US has constantly attacked China re its exchange rate, however the US is a lot more vulnerable to China than it is to Russia as China is a much bigger economy & owns a hell of a lot of US T bonds. China is also the manufacturing hub of the world so the US could never put in place sanctions as they would suffer as much if not more.

I thought it was curious that Modi the new Indian PM whilst visiting Japan appeared to make a fairly pointed comment at China re its expansionist policies. If I was the US I would be targeting India as an ally to shift its reliance away from China. India would obviously benefit economically from such an ally.

All supposition, but something to watch imo.