More or less, yes. My take on this is that if they allowed people to wire all that money back out for goods that it would turn out that not all the money is there anymore.

It's very nice to look at all your dollars in a Chinese bank account when you can't do anything with them unless you go through the 'happy few'.

Think of the effect a bank run would have if all those people demanded to actually see their dollars ostensibly kept in Chinese dollar accounts. That would have some interesting effects, but I hope the day will not come while I'm alive.

It's none of my business, but to an outsider it seems like you're being extremely frank about this whole thing.

What's wrong with that?