IMF looking at replacing the US$$
 

So if the USD is no longer the reserve fund, what happens?
The doom-sayers predict massive inflation and the end of the USA as we know it?
Is that possible/ likely?

I am no economist, but even I know our economy is a house of cards. Will this be the time it crumbles?

What are you doing to maximize your chances of survival?

No agenda, just looking for answers. I have no knowledge of how this might play out.

Nobody knows. It's all speculation at this point and only history will provide the ulitmate answer.

Though on balance I'd have to say it probably will not be good for the US. There are those who facilely shout "yay" from the rooftops and are happy with the idea of a reduced US influence in the world. Problem is they are ignorant of the reality that the increase in influence of the likes of China etc is not necessarity a good thing. It is not so much the possibiliyt of the loss of the dollars position of significance in the world that causes the triouble as the trouble the world will be in in that makes the idea of such a chance possible.

In other words those whot think history has played itself out and we are entering a time of reduced turmoil and war are pathetically naieve.

- Peter.

Why don't we put it more concisely. You are either the fawker or the fawkee. Either you are outside the barrel shoving it into the guy in the barrel or you are the guy in the barrel taking it from the guy outside the barrel.

if something that drastic happens, why wouldnt the US key the dollar to the value of the new currency similar to what China does today?

Hint:

http://www.imf.org/external/np/exr/facts/gold.htm

"However, it is still an important asset in the reserve holdings of a number of countries, and the IMF remains one of the largest official holders of gold in the world"

If they push for a commodity standard, i.e. Gold, the value their holdings would dramatically increase.

IMF = 1
USA = 0

The scary part is that Fed Notes and US securities are a main part of the balance sheets of many world central banks. The US dollar collapsing will probably topple may other currencies like a domino train.
History has shown that buying silver an gold has allowed people to survive quite well.. But as I think the US is planning another gold confiscation, I'd think that silver is safer...
This guy at golddealer seems to have the most competitive prices around. http://www.golddealer.ca/index.cfm?aid=13

not only gold, but the video of the cop tasering the guy's balls? YIKES!

Citing a TED lecturer:

China's economy is poised to surpass that of America's by 2020, according to post- financial crisis predictions.

Last I heard, that cop was still out on the streets.

If the US was to have a significant economic collapse, the condition of our investment portfolios would be the least of out problems. Hopefully, there would be enough notice to get out while the getting is good.

I believe notice is being served now...

I think its just a usual "IMF" "Alert" by the fine folks holding a LOT of gold stocks whos tired of the prices not steadily rising--- But I might be wrong,

Oh 5hit --get your money OUT of the bank Now--before they lock you out...
and go ahead anfd get that Mog, lots of beef jerky, bullets/ AK and head for the hills!

Well, at the very least, the bullets and beef jerky can still be used... And a bit of extra cash in hand ain't gunna hurt you...

Somewhere I read/ heard that if society breaks down, it takes only a few days before there is total anarchy.
For the first day or two, there is the "pulling together", " We're all in this together" feeling.
Then as petty crooks begin to realize that there is no law enforcement, they begin general looting.
A few more days and gangs of thugs take over.
The advice given, was to grab whatever provisions and get out of the cities.

Is it that serious?

Mormon families are encouraged to have a one year supply of food on hand and own firearms. I'm good for about a month before having to begin hunting for food.