What IS happening: Americans are not reducing their debt but adding to it. This causes additional pressure on US dollar and it drops in price. Due to that, everything that is priced in it goes up in price. Hence the pressure to remove it from the World Currency status. Holders of those dollars are diversifying into other currencies or precious metals - the Real Money. Recent increases in demands for delivery of silver is a tell tale sign. There is a severe silver shortage. Note China has become a net importer of silver instead of exporter. USA is suppressing the price of silver and gold to reduce the drift to these metals and thus support the dollar but it's efforts are not very successfull of late. Note that some stock holders are switching from other stocks into gold and silver types even though the gold and silver metal and stock prices are very low. This may be also happening with Noront shares at this time. They see this as an opportune time to load up. The end is near. You heard same for the last few years. Well the US vaults can only have so much real metal in them and the paper substitutes will be accepted only for a short time until it is obvious to every body that the US cup board is bare. You think that the 1930's depression was severe? This one may just be much worse. Load up on commodities and huker down.