Talk to china about pegging, I suppose you all know more than china.
Study how the dollar was pegged to silver and gold early on, and you say it cant be done. Where do you think chinas prosperity came from? THE DOLLAR PEG.
pick up a book.
Suggest you follow your own suggestion.
The wa China is able to peg the Dollar to their own Yuan, despite a MASSIVE trade imbalance, if by constantly buying more and more dollars with yuan. That is a COMPLETELY unsustainable system, since they are basically amassing a huge amount of dollars and are forcing the value of their own currency down artificially. VERY soon (it's starting to happen already) China will not be able to continue doing this any more, and as a result, their propping up USD and pushing down Yuan will "snap," which will result in a rapid rise in the value of their own currency, and a huge inflation of USD (though that may be mitigated by our own banks). In the end, pretty soon China's products will become very expensive, US products will become very cheap, and China will crash HARD due to no longer being able to export anything.
Read history. Pegging ALWAYS caused massive problems.