It is a brutal decline and with it the brutal lowering of standards of living for all Brits, as their currency no longer buys as much in foreign goods as it used to.

The innevitability of Empires Declines has begun to hit us, while it does not happen overnight, this past 30 years have had a brutal effect on those at the bottom of the food chain so to speak, as their wages have not kept up with inflation and their jobs have been shipped abroad.

As you and Jamok pointed out, the dollar will eventually lose its defacto position as the currency of the world.