Why Major Collapse in Monetary System can be Expected

Perhaps drastic measures will take place, and we will be in the financial spot with which Europe has been coping.

We may soon find that if we are taxed at 100 percent of income, the United States still would not have enough income to service the debt. 

To save Fanny Mae and Freddy in 2008, all bad debts were legally absorbed by the U.S. government, so costs in the trillions are now the U.S. responsibility and are now paid by printing money. 

World currency is now in U.S. dollars, after for centuries being in British pounds; but when in 1967 that was devalued by 14 percent, overnight it led to 26 percent inflation. By 1976, it was replaced by the dollar.

So now all exports must be paid for in dollars, and other nations must buy dollars to pay for imports. 

As our dollar becomes deflated, there is a move on in the world to do it in somewhat different fashion. 

When that happens, the world as we know it will change.  Perhaps that is why our faith in Congress has reached an all-time low. Demonstrations will lead to riots. Martial law will prevail and upheaval will turn to chaos.