What shall be the reserve currency? Without a World War no currency has the ability to sustain the heat unless it is a reserve currency, but it better be very liquid, because Central Bankers want to press the gas pedal and make it go when they want it to. If the Saudis, Russians, Chinese, and members of aligned and unaligned status wish to drive down a reserve currency without offering an alternative then what are the ramifications of this illogical action? The answer is simple there are too many greenbacks floating around and the Federal Reserve has acted without informing their partners of the inflation. This lack of a coordinated stance which should have included the Russians, Chinese, and others is a mistake and this short term punishment is a sign of an ever increasing lack of interest in the US Dollar. What will fill the ever growing void ? The answer is no one has a clue and until that time the US Dollar will suffer and dwindle in value. The commodity market will change radically without a reserve currency and prices must escalate until some level of assurances satisfy the commodity producing nations. IF the Saudis accept Chinese currency then the question is already answered. The Saudis are the key since their acceptance of another currency would be coupled with their assurances of military aid in times of trouble. This situation provides and excellent opportunity for the Peoples Liberation Army and the Chinese Central Bank to expand their presence. America welcomes any and all replacement scenarios since we can no longer determine who the winners will be. We are broke with no way to pay off our huge debt and must now rely upon the good graces of humanity to bail us out, perhaps the Russians will come to our aid; they seem less of a threat when compared to the US. I think the Iranians gaining a bargaining space at the table tells you where we are these days. The embargo against Cuba is for all intent purposes over and will be formally lifted in a year. Rio got the big vote from the IOC and the US was thrown out on its ass in the first round, we need to pull in our horns in , withdraw and hand the reins to the Chinese it is their time in history, they couldn't do a worse job than we did. The US should formally withdraw from all military treaties and all international efforts. The licking of wounds should begin as any fallen nation is entitled to do ask the Brits they are experts at it and we will learn from them. We have reached full circle with no culture, no education, and no viable skills to offer in exchange for goods and services. The debt we sold might be forgiven and we would gladly trade California or some other viable location to make the deal work. We are down and out for the count the insanity of linking a reserve currency to a military assurance has failed us, we would have been better served sticking with the Pound, now thats an idea give the fucking place back to the English or the Native Americans, and Mexicans we certainly no longer deserve it that is of course unless a World War engulfs the planet and we happen to be around we might show up late as usual.

Dollar Reaches Breaking Point as Banks Shift Reserves
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
The Dollar In Decline
http://www.forbes.com/2009/10/12/dollar-reserves-central-markets-currencies-bank.html
Central Banks' Reserve Shift Ignores Dollar Data: Chart of Day
http://www.bloomberg.com/apps/news?pid=20601109&sid=aaIrWeN0neZw