WTO was created after Bretton Woods conference in order to protect US multinationals interests worldwide, as one of the cornerstones for dollar dominance (together with the IMF and the World Bank). China is a trojan horse within WTO and the IMF, that will destroy such organizations from within in order to kill the reserve status of the dollar.



BUT... it is Germany that will be first caught between these two fires, and the Euro will endure extreme pressure, for the benefit of China (trade) and the US (extended dollar dominance).



China will make a killing by the next European recession. A huge short squeeze on the Eurodollar financing will break the Euroland banking system, and the ECB, unbacked by any Treasury, will be unable to stop the shredding of the Euro.



When the artificial dollar demand of the Euroland banks will be declared dead, the dollar will have lost its greatest source of strength, and a panicky Fed will play hardball.



The US will orchestrate another once in a generation devaluation of the US dollar, as it did in the early 1970's through the oil shock. Through buying gold this time. All sub-dollar currencies will collapse in full, and the US dollar will be bid even as it "loses" value (measured in gold terms).



China saw that coming a decade ago, and has been buying commodities like there is no tomorrow. The day the Fed devalues the dollar by buying gold, China has a captive market of 1,5 billion customers, with no Western demographic time bomb in sight. It just needs the commodities to satisfy their needs. Russia will redirect its European sales of commodities to China, overnight.



When this 1,5 billion Chinese reach Western life style status, no amount of gold purchases and/or military spending will save the dollar from the gallows.