Is a crack developing in the Anglo-American control of the monetary system?

A blog posting from Jesse's Cafe Americain delves into the possibility of France and Germany teaming up to promote the IMF's SDR as the Global Reserve Currency over the USD. France is planning to use its presidency of the G20 next year to discuss proposals for the wider use of IMF's SDR, which was first proposed by China and Russia. While Germany has asked the U.S. to give up its IMF veto power. Read the post here.

I pointed out this possibility in an August posting here titled, Sarkozy looks to limit exchange rate swings.