So what do think will happen if the dollars reserve status is lost, or even just greatly reduced in a relatively short time frame?
Will that make us and our fellow countrymen richer? Poorer? Or will everything just magically stay as it is today?
It will depend on where they stand, in the economic picture.
The government will be poorer - it gets its ability to buy and give-away things, from CTRL+PRNT. Once that's gone, these reckless giveaways, contracts to oligarchs, pennies to the shiftless (especially irregular invaders) will be gone.
Those who depend on this fire-hose of fiat, will be empoverished.
Those who have dollars saved, will be impoverished. Most don't have them in notes or even bank ledgers, but in bonds and derivative instruments.
Those who have managed to live frugally, no matter how rudely, will survive.
Those who have marketable skills that do not depend on government edicts, social engineering, or make-work programs...will survive.
Those who saved their wealth outside the fiat-money system, will be ahead. BUT...danger, Will Robinson! The envious mobs REMAIN. I am hearing once again, talk of banning gold ownership - or at least ownership of bars or non-US-Mint coins.
We won't turn them in, but bartering with contraband will be hard. And costly. And I can see them requiring registration to trade in gold, to buy or sell it - and perhaps even tagging or serializing every bit of permitted gold out there.
THAT depends on the depths of poverty to which we fall. We get poor enough, and the power grid goes down. With it, the Internet of Everything. All the surveillance programs, the chips, the permits, the records, the algorithms...require power and computers, to work. And computers to be manufactured, as they have a service life.
If we're in the Leftist Agrarian fantasy, all of us living like Indians...nobody will be making computers, and the wires will be falling off the poles and pylons - long dead. Then, the nabobs of Imperial Washington can issue all the edicts they want, and it will change nothing.
For a young man with some access to non-dollar wealth, it could be an exciting, if dangerous, time.