They neglect to mention Bretton Woods establishing the US dollar as the world's reserve currency. http://en.wikipedia.org/wiki/United_Nations_Monetary_and_Fina

They neglect to mention Bretton Woods establishing the US dollar as the world's reserve currency. http://en.wikipedia.org/wiki/United_Nations_Monetary_and_Financial_Conference http://en.wikipedia.org/wiki/United_Nations_Monetary_and_Fin... >the IMF insists that the foreign exchange reserves maintained by other nations are held in the form of dollars, so no matter how much debt the US accumulates, its economy will not collapse.