Fractional-reserve banking to no-reserve banking in the US

[Seiko]

This is the whole article. Is this for real? Will the dollar Weimar-ized???

[Jordan]

It's yet unclear what will happen. The overall money supply continues to increase, however banks are not lending much at the moment. What money there is the system tend to flow up the financial pyramid, leaving most people in the general economy with a limited amount.

The critical issue for the US is whether the US dollars that China, Japan, Germany are sitting on come back to the US and at what value.  The longer they sit on that money the less it is worth as it appears that the FED is now buying US bonds (i.e. printing money).

Whether or not the US suffers hyper-inflation as did Weimar in the 30's or Zimbabwe recently, economic hardship is unavoidably on the horizon for people around the globe as the entire system of fiat money is collapsing as a house of cards.

Beware those who would advocate a 'global currency' as a solution. Such would reduce economic diversity and be a means of consolidating wealth and power around the globe - not a good idea.

I myself am investing in old silver coins - very tradeable and recognizeable and they will hold their value through a crisis.  Hopefully Digital Coin can be implemented soon after.  I believe it is the best solution out there.