@airmarshal I understand enough world politics and economy to get by than majority of the world. Iraq is just one example, yes, their occupied I'll give them that -- but other nations aren't occupied or in precarious positions. India for example have reserves in Dollars, Gold, DXR and other commodities -- if they need to make investments and/or purchases they liquidate some holdings or use the cash they have.
My only contention is holding all yours eggs in one basket any businessman would tell you its the stupid thing to do -- keep for example 1/3 of money in US Bank Account, have the rest held in Gold and Commodities or hard Dollars in your Central Bank. Their are ways to move about where you aren't stuck and have your purse in someone else's hands.
You had Gaddafi having all $ 85B of his reserves in UK, he got disposed and money isn't being released even to the UN backed Govt., who's earning the interest and putting that money to use?
Money can be moved around when accounts need to be settled and reconciled so you don't need to keep all cash their keep it home and move it when needed.
I"M NOT SAYING LEAVE THE DOLLAR OR ANYTHING --
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