I've been hearing rumors D-Day for the US dollar is almost upon us.

http://youtu.be/9FI01zevYxM

http://youtu.be/xlv3FkILciI

http://www.globalresearch.ca/russia-precipitates-the-abandonment-of-the-swift-international-payments-system-among-brics-countries/5480183

I'm sure there's plenty more articles out there.
What do the forum economic brainiacs have to say about this?
What are the repercussions for Australia and have our leaders insulated our country against loss?

AC,

After your last rant about Australia on Mr. Opinion's thread, why would you care?

Hey ttbn
Regarding the other thread I just don't know that we have the leadership to do anything about it the situation we're in.

I agree with your last comment on that thread as well, though I probably wouldn't of used the word parasites.

And of course I care, I wouldn't be bringing the topic up if I didn't.
Even if sometimes its just so (like you said) I can say I told you so.

I like being informed, I like to stay ahead of the worlds bs, and I don't like seeing the country go down the toilet.

AC,

One swallow does not a summer make!

Armchair,

People who've invested heavily in gold have lost money, so they're inventing conspiracy theories firstly to explain it, and secondly to try to convince people to buy gold to boost the gold price.

The value of the US dollar's reserve status has declined as financial markets got more sophisticated. The US dollar wouldn't collapse without it; even a sudden loss (which is very unlikely) will only devalue it a few cents against the Aussie dollar (or any other currency).

The effect on Australia will be negligible.

But the global economy won't recover until governments lose their fear of debt.

Well I can confirm that Obama, Biden and Yellen held emergency meetings at the Federal reserve in the last week and some think its in anticipation of the Shanghai Gold Exchange going live tomorrow on the 19th April, which will hold a twice daily physical gold auction priced in the Yuan.