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There is a lot I this that I have previously posted in commenets, so I find it refreshing to see someone putting simple logic and clarity in this well written post.
The fact that there are additional Reserve Currencies does nto change anything for the USD, what does the UST use for reserve currencies? Obviously the USD is nto the only reserve currency just the dominant one.
There is a significant enough volume of US currency backing othe rworld currencies that if that currency were to become worthless even if other world currencies were gold backed, it would generate a huge vacume in thier economies that woudl cause their economies to crash also.
Do I see an eventual removal of Federal Reserve Notes and replacing them with real US Currency, well I hope it happens, but I will not hold my breath. If it does though it will be a process, not a crash everybody looses and oh, here is out new real currency that old stuff you have is no longer exchangable. That would set off too much international fire.
As for the Banks or the "1%" being taken down by this, well, let's just say they did not get all that money by being idiots. There are always ongoing financial wars between the rich and powerful, a redistribution of wealth gives others an opportunity to "join the club", but based on the track record most of the money that gets distributed will wind up multiplying back to those who are already rich and powerful. Where are you going to keep yoru money? Probably in some form of a bank? Where are you going to spend yoru money? On a deed of trust for a peice or property? buyin items distributed or manufactured by corporations?
As for taking down the US Bully, well we are not just tbe "BIG BOY" in world finances. As much as the world puts on the facade of hating the USA putting in their 2 cents everywhere, they do not want us to withdraw our military. We are the worlds defense from bully neighbors. As much as some of our recent actions may not have global favor, We are Canada's and Mexico's International defense and extending beyond that. Japan alone is not what is stopping China from annexing them. Tiawan could not stand alone if China decided to take them. Europe does not want the US to leave. US base in Turkey could be the only reason they are not dragged into ME conflicts. The strength of the US economy and military helps stabalize the entire world.
Sure there are changes that should take place and changes that might take place, but a crash of the USA is a worldwide crash and the start of WWIII and most of the world does not want that. The only possible country that could stand to gain from that might be China, but only if they were not depleted by the recipriating results.