You see dear reader, if the US loses its reserve currency status then it is essentially game over for the FED, Government and sadly the populace. There is a lot at stake here and unfortunately confidence is being placed in people that generate policies like QE and Taper. The world is not pleased even just this morning there was a shot across the bow from India. The Indian Central Bank Chief Rajan is completely correct in pointing out that the economies of the globe are all interconnected, yet Washington and the FED act without consideration of the effect on others, a policy that will come home to roost in the near future. Rajan is not alone in pointing these issues out in fact Putin, the Chinese leadership and others are all singing form the same hymn book. The bottom line is the FED and the Government can lay blame all they want to keep doing as they wish but it will not stop reality form taking its toll.I know dear reader, you always hear about how the Dollar can not be supplanted because no currency is deep enough and so forth, but if trust is lost it matters not how deep the pool is only that the water is not toxic to your financial health. Furthermore, thru out history there have been currency paradigm shifts even so recently as the end of World War 2. It would be highly educational to have a time machine and travel back to1930's England and ask people in that time if they could ever see the Pound Sterling losing its primere reserve currency status. Just like today if you float the notion that the Dollar could be ousted people would have thought you a lunatic.