Dirt poor?

[jaguar]

I would like to know how exactly you are qualified to judge your economics as extremely sound. They have merit but they are by no distance bulletproof, do you think you're years ahead of the entire economic world?

I work with economists, financial analysts and traders on a daily basis. What you are suggesting would cause nothing short of economic chaos, particularly the idea of abolishing reserves, how do you propose to exercise anywhere near the level of economic finesse exercised by central banks these days (which is responsible, along with a bit of luck for unparalleled economic stability) without basic tools. God knows the only reason Japan is finally crawling out of the hole is due to effective monetary policy of printing money and filling their coffers with foreign currency.

Judging by your posts and discourse I'd say you have a fairly solid understanding of rudimentry economic concepts and theory but little or no understanding of how the international financial system works on a day-to-day basis.