During the past few months we have had more than just a handful of clients asking us about this so-called currency reset that has been discussed in various forums recently. And of course we have received a large number of phone calls from people asking about banking in other jurisdictions (away from their home country), how to secure their 401K or pension funds from possible government asset grabs, and related kinds of concerns. But before anyone jumps to the conclusion that all this is simple conspiracy quackery, former US Congressman Ron Paul recently participated in a few public interviews this year (2015) whereby he discussed his belief that a currency crisis is coming to the United States. While there have been a large number of things posted on so-called conspiracy sites, we have to believe that when someone such as Dr. Ron Paul basically says that something wicked this way comes, you have to sit up and take notice. After all, they said that Ross Perot was off his mind when he warned about what would happen to US manufacturing and the resultant loss of American jobs if NAFTA and other similar trade agreements were put into place, and to be honest, the man was eventually vindicated (although even he did not fathom the loss of manufacturing not to Mexico alone, but of course to China). Now the new item on the agenda is the TPP or Trans Pacific Partnership Agreement that has not even been fully made public due to the so-called sensitive nature of it (interpret this as the general public is too dumb to know what is says, and it's none of their business anyway, or so would seem to be the US Government's attitude about it).
In fact, a few people that actually did read it claim if the American people knew what was in the document, there would be open revolt in the morning. So, the point is, in a so-called free democratic open society, if the learned and esteemed politicians are willing to conduct themselves in such a manner regarding a free trade agreement – what else are they prepared and willing to do regarding other issues? Never the less and getting back to the fate of the US Dollar, such a crisis would basically result in the rejection of the US Dollar both for trade internationally and a store of value for central bank reserves world-wide as well. So, you can call it by whatever moniker or term you may wish, but the idea that there will be some kind of future crisis effecting or involving the US Dollar is not so far-fetched. Something has to give and changes are certainly in motion with respect to the pecking order of nations (in terms of economic power) and subsequent issues pertaining to trade settlement as well (and thus what currencies will become important, and what currencies will fall by the wayside).