but China just bailed out the EU and US, and has been since 2010. China prints devalued Yuan out of thin air to purchase US dollars, then treasuries that turn into debt and bonds. This causes the demand for dollars that runs with petrodollar. China's cheap labor is what justifies the debased Yuan and printing out of thin air. It's a Ponzi scheme, so how is it the US can survive without Yuan. Been going on for 40 years now since last energy crisis when US forced into compact cars and built nuclear power plants to stave it off longer, but now its back. They must reduce population now to stave off global energy collapse.