China's next moves

[Lemminkäinen]

Is China trying to replace dollar as a global currency at Global Market, i.e. in oil trade. It would be a hit against US market hegenomy. 20 years ago it was tried by a plan made by Russia. The key element was Saudi Arabia. Saudis were loyal to USA, but now we have a new player, China, with more resources to do it if they can get Saudis turn around. In that case there will be China, Saudi Arabia, Russia, Iran and African oil producers. USA is now independent and doesn't import much oil, so they are not now equally in danger. Europeans are dependent of oil import and have a lot dollars as a reserve currency. I am not aware of what is happening, so I like to read your opinions. Does this make sense?

[gixajo]

“Be extremely subtle even to the point of formlessness. Be extremely mysterious even to the point of soundlessness. Thereby you can be the director of the opponent's fate.”

“The supreme art of war is to subdue the enemy without fighting.”

Sun Tzu, The Art of War

[gixajo]

“Be extremely subtle even to the point of formlessness. Be extremely mysterious even to the point of soundlessness. Thereby you can be the director of the opponent's fate.”

“The supreme art of war is to subdue the enemy without fighting.”

Sun Tzu, The Art of War