Yes and no. This was planned. How soon will the American people realize the currency is only backed by their faith in the government? First, there will be much manipulation in the markets. Maybe I should say more manipulation. Gold prices have been pressed down. Recently the dollar has made a comeback. Oil was crazy manipulated. Sky high to then be sunk like a brick. I guess the answer is how much longer can the American Government fool the people and the rest of the world. I guess they can fool the world until we can't pay the interest on the debt. Wait, just print up more money, that is the answer.
I think this reset is the only way to have this debt system work. M3 is no longer posted. I wonder why? During the reset just print up more money to cover any losses. It could fail completely during this time. If the dollar does become worthless, is there anywhere for average Americans to hide? It will affect everyone and China.
The value of the dollar has slowly declined over the last 100 years, most during the last 30. I think there might be a problem if it costs more to make a penny, for a penny. A penny costs 1.26 cents to manufacture. A nickel, 7.7 cents. Is the dollar worthless? It's not even made of metal. My guess is we will see plastic coins in the future. They might even say, "made in China" on the back, since they own about 10% of the good ol USA.