The Handwriting on the Wall

It seems that more and more we are reading stories along the line of the following. Talk such as this would have been unthinkable a decade ago and yet look at where we are now. This is the result of years and years of huge trade deficits combined with out of control government spending given a further kick by money creation known euphemistically as "Quantitative Easing".

NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.
The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

Read the whole story here:

http://money.cnn.com/2011/02/10/markets/dollar/index.htm