BS!!!!!! M-60 on a shoulder sling firing away in one hand with gold bars in an OD green canvas pouch in the other!!! :eek:
Yeah, it's obvious. The Fed and Treasury have been trying to do that for about a year now while fighting deflation. The question is HOW they will do it (or fail) which you didn't manage to explain. The $ floats against all major currencies and assets except China. You think they're going to "devalue the dollar" by fiat? China is the only wild card. There are only two realistic possibilities with China AFAIK - They can float the Chinese currency or the Fed can try buying back massive amounts of Treasuries from China with their infinite balance sheet.
if it gets bad enough - G8 or 20 will have a common currency and not to begin with, but eventually that currency will only exist online ... meaning plastic only ... no actual bills or coins, but that comes later
Never mind the chance of the ECB chucking the Euro, do you really expect the UK and the Swiss, who didn't join the Euro, would saddle up with the US? The odds are better that we'd revoke the Fed's charter, end fractional reserve banking, abolish the income tax and return to the gold standard then there are of forming a single currency union.
I think a worldwide currency will come to be. In the beginning there will be holdouts but eventually everyone will fall in line. Most likely it will begin using bills and coins, but that too will fade quickly. I'm unsure how near we are to seeing it. It might not be seen in this current financial downturn. Things will have to get much worse before even 8 would adopt such a thing. Desparate times call for desparate measures. If things were bad enough people / governments will try anything they think is the answer. Heck, we may still be using dollars 30 or 50 years from now, but this could be it if it gets bad enough.