A call for another reserve currency

For most of the world, the never ending saga over the debt ceiling confirmed what many have long believed: The United States dollar is no longer worthy of its status as the world's reserve currency. This is re-inforced by the weakening US dollar against most currencies except the Euro.. The Euro is also badly tarnished at the moment. The yen is strengthening only because it is less tarnished, thanks to its "relatively less expanded balance sheet". And in the midst of all these, China - when it removes its restrictions on its capital account will be the most credible contender for the reserve currency status. Even if that does not come about, it will be most likely one of the basket of world currencies to be likely chosen as the alternative to US dollars. The US dollars continue to weaken irregardless.