It's Our Currency, But It's Your Problem (nanny, nanny, boo, boo)

 That's a quote from former Secretary of the Treasury John Connally Jr. of the Nixon administration.

Day after day, alone on a hill

The man with the foolish grin

Is keeping perfectly still

But nobody wants to know him

They can see that he's just a fool

And he never gives an answer

But the fool on the hill

Sees the sun going down

And the eyes in his head

See the world spinning round

Well on the way, head in a cloud

The man of a thousand voices

Talking perfectly loud

But nobody ever hears him

Or the sound he appears to make

And he never seems to notice

But the fool on the hill

Sees the sun going down

And the eyes in his head

See the world spinning round

And nobody seems to like him

They can tell what he wants to do

And he never shows his feelings

But the fool on the hill

Sees the sun going down

And the eyes in his head

See the world spinning round

Ohh oh-oh-oh-oh ohh-oh-oh

Round and round and round and round and round

He never listens to them

He knows that they're the fool

They don't like him

The fool on the hill

Sees the sun going down

And the eyes in his head

See the world spinning round

John Connally Jr.'s words are heard by the rest of the world much the same as my ex-wife's phrase "You will do what I decide regardless of what is fair" was heard by me.  These are exactly the types of words that create a contempt and hatred for the speaker by the captive audience.  Well, the world has continued to turn and much has changed since old John Connally Jr. made that statement to the rest of the world.

From the September 2018 Sydney Morning Herald:

"China, Russia and increasingly Europe want an alternative reserve currency system. The problem is that immediate replacement of the dollar is difficult.

First, the euro, the yen, the yuan and the ruble are not realistic options. The euro's long-term future and stability isn't assured, while Japan's economy remains trapped in two decades of torpor. The Chinese and Russian political and economic systems lack transparency, and the yuan isn't fully convertible.

Second, the required change in infrastructure is daunting. Foreign-exchange markets where the US dollar is the currency of reference would have to be fundamentally restructured. Deep and liquid money markets to support a reserve currency can't be conjured up overnight."

The Dollar will lose its reserve currency status and deservedly so.  We are a fool-arrogant nation that has poked our finger in the chests of other countries for decades.  Like me with my ex-wife, the rest of the world has had about enough of Uncle Sam's bullshit.