The US dollar as a currency will collapse and trigger an avalanch of collapsing currencies. Why? Because the US government is funding its deficit spending by borrowing at an unsustainable rate. China holds over a trillion dollars worth of US Treasury bonds (debt) and debt. An even uglier fact is that China holds massive investments in private US corporations and has hidden the extent of its holdings through third parties.
Simply put, China has the power to destroy what is left of America's fleeced financial system. If China sells its massive dollar holdings, the value of the 'mighty US dollar' will plummet. If America fails to pay its debt, China can claim America's government assets in the same way a bank forecloses on your house if you don't make the payments.
The sad truth is that the United States is bankrupt with a fourteen trillion dollar debt and more being added by the minute. A point will inevitably be reached when there is not enough money in the federal budget to pay the interest on America's borrowed money...and raising the debt ceiling is not an option. When that day arrives, the US Treasury Secretary must declare a "force mesure". Within days of this repudiation of the US deficit, the bankers, market traders and everyone in-the-know will be scrambling to dump their US currency - but they'll be out of luck.
The Treasury secretary will be forced to "de-monetize" the dollar when it collapses. That means it will no longer be "money" and will have no real value aside from the paper it's printed on. Any assets that citizens own in US dollars from chequing accounts to savings accounts to 401K's to stocks, bonds and pension funds will no longer be money and will no longer have value. People will be instantly "destitute", "broke" and "busted".
The banking crime families are hoping that fear and panic will push citizens to accept their new currency proposal. "The only way you can get your hard earned money back is by accepting a new currency." What is occuring at this very moment in history is an elaborate manipulation scheme by the mafia banking families to fleece the masses and create one world bank, one world taxation system, one world army and one world government.
The US government has army units on standby in case civil unrest breaks out - and it no doubt will break out. Celebrated author Naomi Wolf is outraged that thousands of troops (from the First Brigade of the Third Infantry Division) have been deployed in the United States since October, 2008. The troops are trained to carry out "crowd control" and to subdue "unruly individuals" in the event of a national emergency such as the collapse of the financial markets and the US dollar. They are equipped with both lethal and non lethal crowd control technologies and tanks. When George Bush struck down the Posse Comitatus Act, he made it legal for the military to patrol the streets of the U.S.
Following Wall Street's last financial meltdown, U.S. Rep. Brad Sherman of California told Congress that individual members of the House were threatened with martial law within a week if they did not pass the bailout bill. "The only way they can pass this bill is by creating and sustaining a panic atmosphere. … Many of us were told in private conversations that if we voted against the bill that the sky would fall, the market would drop two or three thousand points the first day and a couple of thousand on the second day, and a few members were even told that there would be martial law in America if we voted no." See Brad Sherman's Congressional statement in the You Tube video (above) and Naomi Wolf stating that "a coup" has already taken place in America.
On 9/11, George W. Bush issued a "Declaration of Emergency by Reason of Certain Terrorist Attacks" under the authority of the National Emergencies Act. This declaration, which can be rescinded by joint resolution of Congress, has instead been extended six times. In 2007, the declaration was strengthened with the issuance of National Security Presidential Directive 51 (NSPD-51) which gives the president the authority to do whatever he deems necessary in a vaguely defined "catastrophic emergency" including everything from CANCELLING ELECTIONS to SUSPENDING THE CONSTITUTION to LAUNCHING A NUCLEAR ATTACK.