Courtesy of ZH.
"One of the consequences could be a decline of the dollar as a reserve currency and a dent in people's confidence in the dollar." - Christine Lagarde
This stuff is getting serious.
The IMF started their drumbeats for replacing the dollar back in February:
Raise debt ceiling or not doesn't really matter at this point. We've already crossed the Rubicon IMO.
There is no way around the fact that TBTB's (IMF) future plans do not include the USD being the sole reserve currency and America is in for a rude awakening the day that rug is ripped from under us. I don't think that is upon us yet though. It will take a while for the new global financial system to be worked out and whether it will be the Bancor, Special Drawing Rights, or something different.