Waldo, we can ONLY trade in A$. We can buy/sell other currencies to our heart's content, but we can only print A$ and meet our obligations with A$s or more correctly, the currency of our creditor which we have bought on open market. We can only meet our obligations with A$ converted to our creditor's currency. The zero balance only happens when A$ equals Yuan at the exchange rate of the day.
You guys seem to have the idea that there is a free ride somewhere. There ain't. Your attitude is selling your grandchildren into servitude.
Note: I have no grandchildren so I am not protecting my offspring, I am speaking of protecting YOURS! Call me a fool at their peril.
Note 2: We have no gold which is also useful to clear debts.
