[Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status]

Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status
Article: http://www.zerohedge.com/news/2014-09-08/obamas-former-chief-economist-calls-end-us-dollar-reserve-status


Question:
In order for the US Dollar to lose its reserve status then it would need to be replaced by some other world reserve currency right?  If this is true then what will be the new world reserve currency and who will control it?  Or could Bitcoin or something like it become the new Reserve Currency?

Wow.. If DOGECOIN is bloated, silly, with little value then someone should tell this guy who selling his 2004 Corvette for 29.99 DOG-Es.

http://www.reddit.com/r/dogemarket/comments/1tku69/wts_2004_commerative_corvette_for_2999m_dogecoin/

[But USD is more Stable?]

I am thinking how world governments and the banking industry is going to say"
See! I told you so... you can't have a decentralized currency... you must have regulation to keep money stable!"

But USD is more Stable?

I can give you 17 Trillion reasons why Bitcoin is more stable than USD.


U.S. Debt Clock
http://www.brillig.com/debt_clock/

I will not trade freedom for security(Debt). 

Bitcoin is clearly in demand. And obviously most wish to purchase at lower prices. Each day a larger quantity of people become holders of Bitcoin with a percentage for long term savings. Therefore the supply of Bitcoin will continue to decrease causing the price of Bitcoin to rise. Especially long term.  The market demand is still unpredictable in the short term but always seem to move faster than previously thought.