I see two statements over and over which no one seems to explain. Since the end of Bretton Woods and the depth of the foreign exchange market why should we give a shit about the U.S. being the worlds reserver currency. Our currency is not longer backed by gold. The exchange rates float. The trick is to match supply with demand. If the world wants to print Euros and demand goes down so what. There are simply less transaction in dollars. We save the cost of the paper we provide to aid the underground drug economy. The float is mostly electronic anyway. Please explain why I should care if oils denominated in euros. Please give me a real answer with real effects. And then tell me if the effect is substantial and why. 2. Every one says the fed is stupid because we have so much inflation. last time I checked the 30 year and 10 year bond markets were not predicting hugh inflation. Why? Isn't really the long bond which fights inflation not short term lending rates.