First reply is absolutely +REP worthy! You are very very correct, Money is not printed, I was just using the term rather loosely. The real definition, I should have used "currency" because currency bleeds out its value over time, money does not.
Second point, also again you are correct. Real money, when the definition is used correctly, can not be "destroyed". The "money" I meant was "Debt Based Currency" due to its nature. Its borrowed into existence, thus leaving the currency in existence as long as the debt exists. However, when the "loan is paid off", that currency is destroyed. The actual paper is redistributed, but the currency itself no longer exists on the books.
I based the "coming to and end" for the US Dollar as the worlds reserve currency on current events. Things like BRICs, and other nations seeking other ways to back their currency. It still is the Reserve Currency, but that is changing, IMHO. Other countries have seen the long term destructive nature of our Fiat Currency as their Reserve Currency and most likely want to switch away from it.
All in all, very good points!