Two facts we do know, as Russia has already stated, 1. This situation we now find ourselves is not going to help anyone, we all lose!
2. Russia, Brazil, China, India, South Africa, Iran, Kuwait, Venezuela all no longer rely on the dollar to purchase there oil and gas!
Perhaps you might notice, that's three quarters of the worlds population. Poof went the petro dollar!
The repercussions of this necessity, are yet to be truly felt. And all could of been avoided had greed and petty minded American puppets testosterone not got in the way of grown up politics and negotiation! But then Americans would of needed to be free to make there own decisions!
And they're all doing so well piling up their Parker Bros. play money.
And gathering up the gold you have suddenly shut up about because there will never again be a gold standard.
With China having to sell USD$ from its forex because global markets are screwing the RMB/Yuan by continuing to depreciate it. China needs USD$ more than anybody and probably more than the rest of the world combined. Without USD$ flowing into China its economy will suffer inflation to the proportion USD$ dry up in China.
Trump and his WH China hawk Peter Navarro have already dried up a good amount of the inflow of USD$ to China under the guise of the so called trade war. The RMB/Yuan that was a stable 6 to the USD$ at the end of 2018 is now 7.4 : 1 and counting. I'm currently in the Middle Kingdom of Heavenly Fascism and I recall the hysteria as Chinese spoke of the rmb going to 7 to the dollar.
Now its double hysteria as the rmb has blown through 7 and is screaming toward 8. With higher numbers to come. Meanwhile private investors globally to include banks, corporations, governments, are getting plenty of time to prepare for the devastating consequences of these numbers to China in China.
Reality that everyone knows is that capitalism is dead in China and so is any possibility of liberal reforms to the political system and to human rights and a civil society. Nothing good is possible in China any more, if anything good were ever possible which it definitely was not. So it's time for China to be treated accordingly, ie, as the authoritarian predator and enemy of the United States and the West. China is the hater of the Liberal Idea. Chinese detest the Liberal Idea. Despise it. Even more so than the Russians hate it.