Well China has made no secret that it's been at the top of their priority list for the past cpl decades... rumor has it that their new digital yuan may be backed by gold, that their gold reserve is far higher than estimated. At the very least it would throw a spanner into the cogs of a a runaway US fiscal system... likely timed to perfect for maximum impact. Belt and road countries would likely switch.
As for inflation/deflation as is the topic here, I note with interest Michael Burry's recent 13F portfolio. Heavy on shorts against 20 year treasury bonds. The more I think about it, the more it makes sense.
