> Oil has the Petrodollar China is pushing to break that link. With Saudi Arabia, Iran, Russia and Venezuela on its side it may very well succeed in that. > w

> Oil has the Petrodollar China is pushing to break that link. With Saudi Arabia, Iran, Russia and Venezuela on its side it may very well succeed in that. > what’s the currency for the semiconductors I see a multi-currency world. For semiconductor it won't be currency but access to raw material, supply chain and technology. Two examples of this are the blockage of supply of rare earths metal to Japan by China a few years ago during a diplomatic crisis, and very recently refusal by ASML, due to pressure from the US, to supply semiconductor equipments to China.