In fact we have already seen countries like Japan and Korea complain loudly when large foreign central banks shift out of dollars and into their currencies, and the European response is likely to be no different.

We believe we're in a new world order that will shape the rest of our lives. We're at the beginning of financial and geopolitical regime change. These arcs of history are bigger than any one man – but Nixon’s Gold and China policies set the parameters of the world we’re now leaving.

A different version of dollar collapse, described by analyst and trader Jim Rickards in his book, Currency Wars, comes complete with deliberately wicked foreigners.