"Economically the consequences will be that there's going to be a wholesale rejection of the dollar, because the world has trusted the dollar, especially since the breakdown of the Bretton Woods in 1971, when the linkage of the dollar to gold was broken, they still trusted the dollar as if it were gold, and therefore we can print the money and we can spend the money and foreign countries take our money, then loan it back to us, so they're getting a bum rap."