You dont seem to want to mention that countries are now requiring 5% interest to be paid for holding USD. And I seriously doubt this will go down anytime soon. It may go higher after the election. The security factor allowed US to present zero interest USD reserve holdings. But this dynamic seems to be changing quickly. I am mostly speaking here about the saudi type dynamic. Saudi sells oil to many countries. USA doesnt sell much oil unless its a "forced" sale to countries within europe (you buy our oil or we dont offer you security). If there is no general need for security...then US will create a security instability situation. This is now both true in europe and true in the saudi neighborhood of middle east. And it playing out in the south china sea as well now.
