Quote Originally Posted by Hypertiger View Post
In 1944 The US Dollar was made the global trade medium of exchange...and all the rest of the currencies became a derivative of the US Dollar.

The only way to escape is to collapse the entire global civilization.
No, there is another way. Remonetize gold at fair par value, say 40% backing of M2. So dollar is pegged at gold price of about $14,000 per ounce. This works OK the first budget year. After that, gold peg forces US to reduce it's budget and account deficits - painful but doable. Yeah, all the social welfare programs would have to be cut back substantially. Welcome to "there is no free lunch" reality.