Can China force the revaluation of the Dollar and the Remnimbi?

There is an interesting article on KWN by Hugo Salinas, discussing the aftereffects of the introduction of the Petro Yuan. Its ultimate effect would be to normalize (i.e. raise) the value of gold and devalue the Remnimbi and the Dollar. This may not be as disastrous as it first sounds.

 

First, whatever remains of the National Debt might be paid off by selling our gold - assuming any gold remains in US vaults. Second, the US will be forced to balance our budget. The FED and its cohorts will no longer be able to suppress the gold price and the Bouillon banks will be shut down. Hopefully, the authors of current and past policy to squander our gold and imperil the financial system will be deposed.