so how stupid are americans, page-9

Perhaps you're right. But at the moment as far as I can understand it in broad figures US reserves are about US70 billion and China's are US1100 billion. US GDP is about 13 trillion and China's is US 7 trillion (with a Chinese GDP growth rate outstripping the US et al). The US is therefore relying to a large degree on Chinese liquidity (and an emboldened Chinese administration). The Chinese economy will take a painful knocking as a result of all this. But it seems that in recent years liquidity has flowed into China and it will circulate within China as a result of growth in domestic demand.. China's problems lie with its currency being pegged to US.
Hey but I'm no expert in this. Just someone who does business with China. Am expecting a very substantial bruising with China but don't anticipate that it will be as big as that in the west. But I stand ready to be corrected and knocked over