Rick Falkvinge: Why the US is collapsing

Rick Falkvinge: Why the US is collapsing ......In China, exporters are complaining about the cost of currency insurance on trade deals signed in dollars, and are switching to the euro. In Germany, Volkswagen is not selling one of its top models to the US solely due to the falling dollar. In Tchad in Africa, people on the streets have switched to the euro. The thing that happens when we reach a critical tipping point - which may already be here - and currency reserves start switching from the dollar to the euro en masse, is that the collection agencies of the world's economy will come for two and a half trillion dollars of US debt, which is currently held in stasis in currency reserves. There is nothing that can pay these two and a half trillion dollars of debt when the repo man comes knocking. That tipping point will kill the dollar as a currency, sending it plummeting to levels previously inconceivable. It will kill the dollar as a world trade standard, the American economy, the American military, and the United States' status as a superpower. Just like when the Soviet union collapsed. It is even conceivable that the United States will fracture as a nation, just like the Soviet Union did.....