Sometimes occam's razor is the best view.

The $ is locked in a down trend. The world has had enough. They can see that it is the $ and the new york / dc cartel that has created this global recession. The central banks and financial houses of nations have been bullied into playing along with the games. Now there is backlash. The $ is like a bad plague; everyone gets it and it ain't fun, everyone also looks to the day they are free of it. Well the cure might be bitter medicine, but the world is stepping up to the cure.

The key factor of the coming change is that the US $ will lose (is losing) its role as exclusive settlement media for international trade. It will thus lose demand on a scale that is not imaginable to most. All those trillions of $ will no longer be sitting in accounts floating between global buyers and sellers. There will no longer be a need for $tril to be held inaccounts just to pay for oil. The purchasing power of the $ will fall.

The new settlement curriencies will be yen, remnimby, rubles, etc. It is doubtful that the elite will get their wish and create a replacement global currency. It is the concentration of a single currency that lead to concentration of power and all but the dumbest of sheep will get it this time.

Gold and silver along with all other globally traded commodities are traded (and the price is "set") in US $s. This is also an irritation to many nations that now see the posibiiitiy of ending this con game.

As the $ is removed as the benchmark curency for all international settlement, those "pipeline" and reserve $s will come home. The US will see the value of the $ sink to historic lows. I doubt seriously that it will go to 0, as the US is still very strong economically compared to the rest of the world. It will just take its proper place behind the emerging manufacturing giants in the East.

Those in the US and around the world that hold physical pms will fare best. Those that hold stock in solid pm stocks may also fare well. Those that hold $s or $ denominated investments will be in less solid footing.

It is sad that the re-emergence of value as an influence on price will be accompanied by much pain. The lesson that is obvious, simple and true is that hard currency would have prohibited the large part of this kind of event. Theft would have been smaller and found out long before it bacame globally destructive. The question I have is, is the world smart enough to learn the obvious lesson?