Exactly it will be like Germany was during the 1920's and during Great Depression when the US called in Germany's debt owed since the US needed money because of the Great Depression here in the US and the actions of the US is what sent the German Mark down in value which made the German Mark practically worth nothing and the US is heading in the same direction with US debt and right now the US is dependent on selling debt or borrowing to pay the bills right now.<quoted text>
When countries like Japan, China, Russia and others drop the U.S. Dollar (Petrodollar)as reserve currency, we are finished.
Hyperinflation in the Weimar Republic
The US Dollars Fragile Reserve Currency Status
May 14, 2014
By: Paul Craig Roberts
If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise.
If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills.
Its wars and hundreds of overseas military bases could not be financed.