Peegee

This article is somewhat misleading, as it posits that the dollar itself reigns or does not, whereas it is the people who control the dollar at the head of America's public and private financial institutions who are actually losing the reins of power. Their dollar has become unworthy because they have proven themselves unworthy of power.

The influence of the money system is determined by the political power of those who control it, not the other way around. The fact that those who control the money system have created a dysfunctional economy is the reason their political power is failing and consequently the favorability of the dollar as a world class currency.

The juxtaposition of cause and effect, represented in this article, is typical of the mentality of those who are losing their political power. They have lost their political power because they have done a lousy job of managing the money system to create economic prosperity. Now they have fallen from the trap of selfishness into the venality of blaming others for their own fiduciary failures.

What justifies Americans' venality towards the current regime in power is its failure to bring about the publically stated goals which were its rationale for power.

Bottom line, they have failed to create a just society; their ideology has failed society; and the reign of the dollar is at an end because the reign of the regime that controls the dollar is at an end.

[url=http://online.wsj.com/article/SB10001424052748703313304576132170181013248.html?mod=WSJ_article_comments#articleTabs=comments]Dollar's Reign as World's Main Reserve Currency Is Near an End - WSJ.com[/url]