This will definitely happen and may not be a BAD thing! It could mean some of the good guys are winning. What we don't know is when. The collapse of the Euro is being engineered by the uncertainty, according to my sources. That could create a flight INTO the USD for awhile - just like the Greece episode last summer. But it will eventually all come falling down. An orderly transition is the best we can hope for. Barter systems and small silver are what most are recommending for the interim. Western NY has some tough people. They won't even notice the economic collapse. LOLIt looks like it could spill over all over Europe and then come to America maybe.
This week the first real signal of France also struggling came.
For me that is very serious since France is a huge economic country.
All over the world people in general has less money to use. And since every country needs the others to buy products and services to survive it is critical not to close their borders. This includes all the big ones too, US, China, Russia, India, Japan, Germany and more.
There is a simple solution for this problem... but painful. Every human being must use a little less money, save a little more and make sure that all debt can be paid in their household.
But since we are using more than we can afford in pure greed it will go straight to hell. I can see it all over the place. People not willing to take their share of "fighting" this problem just want more and more and more. Then of course they get a surprise when they cannot pay their debts and then start to blame all others.
By using a little less and save a little more, the whole world will struggle for some years but the private households does not end up with nothing. Understand companies will go bankrupt but it will be fewer versus continuing to overspend.
Must stop increasing dept worldwide.