FED out of ammo

Folks this is a question to which I do not have an answer. Is the FED out of ammo? This could be a problem for us. Mostly, if Ben Bernake is seen as weak and wimpy. It could lead other nations to dump the dollar and get out of our paper currency. Short term gold would rise. FED would see the dollar crash right away. People might panic. However, long term we could have wars.

Things are getting ugly right now. China will make a decision as to what to do about our currency. They may in fact chose for a time to support us, but down the road I am not so sure. China needs our raw materials as in wood and grain, but not our paper.