Arsenal, we're not talking about 'back then'. Its the present.
China will NEVER stop trading in dollars. Most of its reserves are stored in dollars anyway.
And that article is based on NORMATIVE and OPINION based judgements. It doesn't state both sides of the argument and therefore, is insufficient to come to any conclusion.
Oh well, now America is booming, its out from your calculation.
Do I have to prove that EVERY economy is recovering and booming to be able to make a point?
And Arsenal, a debate is nothing personal. You are of course a good student for getting A stars in business. I did not claim that you don't know economics.
The issues which you raised was already dealt by me in my previous posts, in its essential form. Please check them. I already illustrated everything in my previous and this post. I don't have the time to reply and make clear every issue about this topic.