Is the US Dollar Dying?

One of my regular reads is the online edition of the Daily Telegraph published in the United Kingdom.  It was interesting to see what the most read stories were today and I think you will see a unifying theme in them:

1. Barack Obama accused of making 'Depression' mistakes
2. China alarmed by US money printing
3. UN wants new global currency to replace dollar

Then on the other side of the page was Gold hits $1,000

With the Obama administration printing more green to buy government bonds because the Chinese won't, you know something is wrong.  Then you hear that the Chinese are moving slowly over to gold in order to keep their investments from deprieciating radically and off in the distance alarm bells begin to ring.  Finally, there has been talk between Russia, China, and India about starting a new currency because the dollar isn't looking sound, but hey, that's just a bunch of wannabe's talking, right?  Except now the UN is talking the same proposal a few week later.  Yeah, there is something seriously wrong with the US dollar when the biggest holder of US debt is publicly complaining and planning to move to something else.

Is the dollar actually dying?  Time will tell, but one thing is certain -- it is very, very ill.