Gee, I wonder what the effect of THAT would be....
Could start a chain reaction as China [and other nations] are about ready to dump the dollar too.
I said last year that I expected the dollar to be dead [and swapped out for a Crypto] by the end of next year [9/2015] but I still can't figure out the catalysts which they will use as an excuse to kill the already dead dollar.
There's no way the US is gonna want to look guilty of defaulting or purposely killing their own currency so they'll either pressure some huge country like Russia to start a chain reaction and then blame them or they'll manufacture another "event" which will push us into a massive recession and given the overspent dollar, they could blame the final nail in the dollar's coffin on some boogeyman terrorist group.
Either way the Dollar, Euro and Yen are dead - now they just need to act out a proper exit [most likely a multi currency coordinated death] and I'm sure the replacement [10 Nations] "UNION" currency is ready to go as is the new Union Constitution which will destroy [and supersede] our Constitution, a process which has been effective and ongoing for the past 4+ decades in order to lessen the shock of lost [life giving] liberties when the US merges with once Godless, Terrorist and Communist nations.
Oh yeah - Bitcoin is Anonymous and Decentralized [and Banks and Governments hate it] so there's no way they'll use Bitcoin or a Bitcoin protocol clone.
I can't stop laughing everytime I say that last line. Ahahaaaa.