In response to The Information Clearing House...

I've been having the same concerns from what I've been learning about financial markets, international debt, globalization, trade, and how currencies have failed in the past. The writing is on the wall and it pretty much may come down to whether or not people can accept vast changes and cutbacks to the role the government will effectively fill in American life. If you were to go beyond the actual possibilities of currency collapse and think about the realties of such a crisis, you will start to realize how much we take for granted here in America. There are wast empires of intangible wealth and applied know how [i.e. patents, copyrights, trademarks, data, etc.] mostly based the stability of America's international and domestic legal treaties. If the government goes bankrupt and the ensuing financial dissolution doesn't leave you shitting your proverbial pants, this article and its topic are over your head.

I worry that America doesn't make that much any more. Well we make a lot of stuff, but there may not be a market for these products. There is stuff that we can always make like grain, raw materials, and some manufactured goods. However, a lot of the things we take for granted are made elsewhere and our lives would be significantly affected with disruption in the availability and relative value (meaning effectively, the cost) of pretty much everything around you. Older generations know a great deal about these realities, ask grandma and grandpa what the thought of rationing during the last great war, or dad if we had to wait 4 hours to buy gas in the 1970's.

These harder times will come eventually, maybe not next year like the article says, but sometime before you are ready for it. The financial and institutional shockwaves that would accompany the collapse of the US Dollar could effectively turn most large cities into filthy, crime-ridden pogroms, dissolve the very idea of a middle class almost overnight. In fact a small shaving of the population could effectively trade vast fortunes of wealth into safer more global friendly currency leave leave %99.9 percent of us left holding the bag(s).