[Final Authority]

With respect to the trade surplus in USD that China has hoarded, can you cite a reference to back your claims?

With respect to "Is clearly obsolete." (sic) What is obsolete? Is currency trading obsolete? If it was, then how would Chinese industry buy so much oil on the international market or buy so much iron ore or scrap metal or logs or (you name it) unless they used traded currency.

Why, if they have cash, would they want to not spend it? If they destroy the worlds economy they have nothing, unless they figure a nation with a bad economy can not mount a defense effort. Is that what you are thinking?

So, please cite your factual references as I am ignorant to the facts as you present them.

[Paul Ross]

can you cite a reference to back your claims?

Which one, the 5-to-1 trade ratio, China's net operating surplus against the world, or the cumulative $800 billion currency stash?