QE proves that they can print money faster than it can be spent, which is no small feat.
Yes, this true. As long as we are the reserve currency.
There are plans being talked about throughout the financial web that the IMF is considering an alternative “basket” of currencies as the new reserve. Or the new BRIC Bank.
If the dollar is taken out as a reserve currency, we can no longer print ourselves out of debt. Our FDIC insurance would be in real trouble should there be losses too large to spread out.