Very true Panda. One of the reasons that the USD has been stronger than it 'should have been' since the crisis is demand- banks worldwide were pulling in USD's to sure up their capital ratio's. The reserve currency has to be changed to a more representative measure, something I've maintained for years actually. It was fine for the US when it was the lions share of the worlds international trading economy- it is not now.

One of the reasons for the recent weakness of the USD is said to be divestment by China- it is gradually altering it's foreign reserves towards a more representative, rather than USD based currency profile. Allegedly. (these things are of necessity kept quiet). Apparently, it is divesting longer dated T bonds and buying shorter term instruments, as well as hard commodities.

As far as the current scare about printing money, I'd just like to put this in perspective. Of course, the first concern expressed is that printing money is inflationery- some quarters are even panicing about hyper-inflation. Very few in serious economic circles are though. The concern at the moment is staving off Deflation- which would lead to a deep, prolonged recession considerably worse than we have yet. Right now the concern is deflation, not inflation.