http://morbidsymptoms.blogspot.com/2008/11/end-of-dollar-as-reserve-currency.html
http://www.moneyweek.com/investments/can-china-and-japan-save-the-us-dollar.aspx
the Value of US dollar sould also be a big concern in this matter!!
The fed reserve claims to have 575 billions cash available for rescue plans, Yet, the Chinese and Japanese Gov claim they should have 1 trillions USD each reserved with Fed.. Now, they are asking the US gov to re pay the interests on money borrowed in Japanese and Chinese currencies due to the fact that USD is rapidly losing its value.
The US government needs to borrow at least US$1 trillion in the coming year, excluding the US Treasury's $700 billion plan to bail out the financial and other industries, said Kazuo Mizuno, chief economist in Tokyo at Mitsubishi UFJ Securities Co, a unit of Japan's largest publicly traded lender by assets. That amount is likely to grow as the US government continues to rescue failed parts of the economy and has to raise more debt - that is, issue government bonds, or Treasuries - to fund such rescues.
China on November announced its sweeping economic stimulus package valued at about 4 trillion spending on its infrastructure, which will requires money from US reserves, putting more pressure on the value of USD.