The situation of financial system and the credit market

If the world branch out out of the US dollar or not and the liquid assets that it backs are the questions. Is it possible? More prominently, is it wise taking into consideration the still-delicate situation of the worldwide monetary markets? These are the questions market members have raised for the American currency throughout the past week. Whilst it is not extraordinary to hear officials from rising nations make statements on the need for a supranational currency to release them from the risk of the US dollar; there has been small movement to propose that this attempt would start soon. Lately thought, Russian central bankers have revealed their aims to decrease their holdings of treasuries to potentially fund their plans to buy $10 billion in bonds from the IMF.