The following article by Ryan McMaken, author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre,  looks at what makes a global reserve currency and if the U.S. Dollar has what it takes to keep that position. ~Tim McMahon, editor How the Dollar Became the World's Top Global Currency  By Ryan McMaken In March 2009, in the midst of a recession, then Treasury Secretary Timothy Geithner was pressed to respond on the question of whether or not another currency—possibly the IMF’s special drawing rights (SDRs)—might displace the US Dollar as the dominant global reserve currency. … [Read more...]