Video: Rubin speaks to students at Princeton...
Just watch the first 2 minutes. Before someone snaps at comments, I understand that an IMF bailout of the U.S. is an impossibility - they don't have enough capital, we fund the majority of their budget, etc. - specifically because of the dollar's reserve status. Ultimately, we can devalue our way out of the problem, and that is what's happening now, to a certain extent.