China will launch a gold backed dollar reserve currently alternative and is currently under reporting physical fulfillment due to their purchase of the LME (London Metals Exchange) and it’s subsequent movement to Hong Kong in 2012.

China will force trading partners and BRICs allies to swap their dollars for this new reserve currently. US will need to rapidly devalue their own currency and US + Allies will counterposition in Bitcoin. Buying gold only strengthens China’s position.

US hyperinflation has clear downsides, but feels inevitable and comes with second order benefits. Allows certain politicians to run on highly inflationary promises (forgive student debt, UBI, etc.). Devalued dollar also alleviates the current debt trap and trade imbalance we find ourselves in.