Therein lies the problem of a reserve currency, China and Russia...

Therein lies the problem of a reserve currency, China and Russia currencies lack transparency and accountability, attributes that are important for a reserve currency. The value of a currencey largely depends on the level of trust people place on the currency to use it as money. The FED has also '
Quantitative Eased' itself into a corner, the specture of inflation is ever present and with the amount of credit issued, even the slightest move in interest rates would spell disaster for the economy. The looming Corporate Real Estate problems will likely be the next subprime crisis, building whose businesses are going under and a large portion of the population reducing exposure risk by working from home or satalite offices rather, than in the city area.