Mohamed El-Erian Says We Can Not Assume The Dollar Will Retain Its Reserve Currency Status

Even the co-head of PIMCO, the world's largest bond fund, is issuing a warning for the USDollar losing its global reserve currency status.  'Bout time...

http://www.zerohedge.com/article/mohamed-el-erian-says-we-can-not-assume-dollar-will-retain-its-reserve-currency-status

"It is a warning shot to America that we cannot simply assume flight to quality, flight to safety. That people are starting to worry about the fiscal situation in the U.S., worrying about the level of debt and what they're hearing about states and municipalities. I would take this as a warning shot that we cannot assume that we will maintain the standing of the reserve currency as we have in the past." - Mohamed El-Erian, PIMCO CIO