The dollar is the most decentralized currency on the planet >> because we got cash and a lot of people use that cash. >> We have cash. A lot of people do cash and also lots of third parties that exist outside the Federal Reserve banking system issue dollars.Lots of people contract in dollars. This is all a source of dollar demand. When a foreign bank that's not under the jurisdiction of the of the Federal Reserve issues a dollar-based loan, what it's doing is it's issuing what we know as Euro dollars.And wh ...