What will happen if the dollar collapses and all the money we have saved is worthless?

The dollar closed at a record low today as gold closed higher. I know most of this is due to the stupid Federal Reserve BANK lowering the Federal Reserve Rate, but what will happen if the dollar continues to fall? How long will the rest of the world want to trade in dollars?

What will happen if the dollar collapses and all the money we have saved is worthless?business loan

You may think of exchanging your paper money for gold and silver. It is said when gold hits the $1000 dollar oz. mark we will be in recession. The paper you carry has no backing! You can not go wrong with gold and silver. Throughout history paper currency has always failed!

Peace

Here is a short clip, to explain it a little :)

http://www.youtube.com/watch?v=VJxVIbQo3...

What will happen if the dollar collapses and all the money we have saved is worthless?

loan

the us gov%26#039;t would not allow the dollar to collapse especially since so many other currencies are tied to it. i agree the fed made a questionable move but it did restore faith in the credit markets which buys the fed time to address inflation fears and to encourage congress to fix the root causes like the deficits, etc.|||Don;t worry about the dollar. It will come back in time.

Too much of the world%26#039;s commerce is tied to the US $. It will not collapse.|||our dollar aint worth the paper its printed on. and the federal reserve is actually a private bank... not run by the Gov.