Economic Crisis and the $

As you can see in the media the crisis is getting worse by day. Still all these financial analysts, traders and bankers, who have caused this mess in the first place call for an end of this crisis rather sooner than later. For about 1 1/2 years I've turned my back onto the more alternative or independent media. Sure you gotta be very cautious about what you read, as what you read is mostly opinion. However if I compare both types of media I'd say: "F**k, I was right... corporate media can go to hell!" I'd recommend you watching this, who explains the problematic situation of our current financial system and that all could collapse at some point. When is that? Simply when people loose confidence in the $. With collaps I'm not talking about what we experience right now. It's gonna be a lot worse. Just imagine the U.S. would finally default on its tremendous amount of debt, which is up to $60 trillion if I'm not mistaken. Savings from countries like China, Saudi Arabia and whoever else would simply vanish as their assets are almost exclusively in $.
Let's see when it happens... it can take years. However one thing is for sure, this can't go on forever as it fights the rules of let's call it: logic, reason or economics.