Quantitative Easing could mark the beginning of the end for the USD

We all know that the Federal Reserve's quantitative easing is undermining the value and security of the US dollar. In an attempt to kick start domestic product supply chains and to undermine cheap Chinese imports. This type of debasement could very easily spark the end of a US Dollar dominated world. But which currency would be a suitable replacement for the USD? The EURO and the POUND have their own fair share of issues. The YEN represents yesterday's Asia in decline shadowed by the recent economic miracles of China and India. Further, China's pegged YUAN is too highly controlled and exposed to governmental manipulation to be a likely candidate. The AUD and the CHF are perceived to be too small and not liquid enough to be a safe enough bet. So, perhaps the only foreseeable solution will be for countries to hold a bread basket in reserve of an assortment of currencies (i.e. EURO, POUND, YEN, AUD, CHF, USD, YUAN, GOLD). Or, perhaps the Gold or Silver standard will return.

This chart perhaps shows the beginning of the end for the USD.