The world'reserve currency

For many people is the knowledge concerning what it means to a nation to be the holder the world's reserve currency.

It is not that it is deeply respected but other nations kowtow to its policies and its will.

It enjoys massive monetary privileges and advantages.

This nation is now in:
                    1. massive debt
                    2. it has produced repeated tsunamis of its 
                        currency for various reason and excuse
                    3. the administrators of its government have
                        repeatedly failed to improve on the wealth
                        of its nation. This was always their duty 
                        and they failed its taxpayer in this
                    4. there is increasing suspicion that it cannot
                        pay off its debt
                    5. every war it is involved in, drains its national 
                        wealth; currently it is entangled in 6 wars.

It is for these considerations that there is an increasing sight that this nation by its doings is stripping itself of being the holder of the world's reserve currency.

For the cognoscenti: 
1. is the knowledge that no other nation can take away this nation's unique position as the current holder of the world's reserve currency. This is to say no other nation can be blamed for this event.
2. they can see already the fraying at the edges of this nation's position as the holder of the world's reserve currency.
3. the top person who has the power and influence to stop this elide is a man who unfortunately is not competent to prevent it
3. and to compound his problem he does not have a Henry Kissinger to help him.