“The threat from the US sheriff is very real.  But presumably, this bullying approach would be less effective if attempted against one of the world’s more powerful countries. If, for example, the US were to find itself in a situation such as the present one with China, in which the US appeared to be losing its battle over the dollar’s power as the world’s reserve currency, what would occur? Would the US sheriff attempt to bully China? And if the ploy did not succeed, would the US draw its six-guns and fire off a few rounds in the air for emphasis?  And if the above were to take place, what would the Chinese reaction be?”

http://www.internationalman.com/articles/the-us-and-china-a-difference-in-approaches

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