The Day the US Dollar Died â December 30, 2011 <iframe width="560" height="315" src="http://www.youtube.com/embed/E5AsQ7W9Kcs" frameborder="0" allowfullscreen></iframe> .
The above video is idiotic. China won't dump dollars nor stop buying treasuries because in doing so it will drive up their currency relative to the dollar causing problems for their exporters to the US. And yes, they would be fools to expect Europe to pick up the slack. Gold is not held or bought to hedge against inflation. It's an alternative currency. If the Eurozone breaks, there should be an initial spike which will mark a long term top in gold. At least they are reasonable in that Obama is still president at year end. It is kind of difficult to envision one of the clown car participants at the White House, but then again, people did vote for Generalissimo Bush twice.