The Demise of America July 2014

[Cinjin]

max,

You certainly seem more knowledgeable in macro economics than myself and I appreciate your informative posts.
Let me ask you just a few questions.:
1. In the video, Stansberry makes the claim that there are multiple countries like China, India, Russia, etc etc that are in the process of unloading their US dollars in preparation for the supposed collapse. Do you believe that to be true and if so, what would that mean for their economies if the $ was no longer the world's reserve currency?
2. Would those same countries feel such a severe outcome if they were to successfully pull away from the dollar and create an all new currency?
3. Is it true that countries like India and China etc. are limiting the amount of US$ american tourists can exchange? Have you ever heard of this before?
4. Have you ever heard of the radical idea of debt forgiveness? Basically, the world starting from scratch? I once heard a complex version of this theory and always wondered why it would or would not work.

Thanks