I guess I do not understand the U.S. approach, beyond the greedy few.

Instead of being re-actionary, why not get pro-active and try to maintain their international reserve monetary status.

As long as they still maintain control of approx. 8500 metric tonnes of gold (which has been in question for some time), they can engineer their currency and maintain their status.

To keep up this QE and trying to stimulate a government-led economy, is futile and doomed to failure.

The government needs to relegate the Banks to become once again, what they were; pure lenders, reduce government and their social programs to only programs that are absolutely necessary, nothing more, and then get out of the way and let Private Business lead the revival.

Anything else is doomed to fail.

Suggest we don't cheer too loud for others to take the lead in international currencies, as it will relegate the U.S. to a way of life, foreign to most, for generations to come.

Not a pleasant thought.

Good Luck to all!