Will the U.S dollar be replaced by a new global currency reserve?

Mabye....Mabye not. First, for the U.S. dollar to be replaced as the world reserve currency there would have to be a economically viable alternative. Is there any contenders out there? Any of the BRIC members or the IMF SDR? Next, what would the new global currency be backed by? Gold? Silver? Nothing? A combination? Who is to say? Lastly, what about national boundries? How would peoples behavior and macroeconomic systems within a nation be affected? Well, it may be safe to conclude that this task would be difficult to say the least. Here is a great article from Bloomberg on the topic:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKypYCRB22fM

Tell us what you think.............