The future is uncertain. I had a nice long chat with my parents, who are quite well prepared for an economic collapse, about money.
My Father and I discussed paying off bills verses having cash on hand. I wish I had a crystal ball so that I could tell people what will happen, but I don't. I do know that the historical signs point out what MIGHT happen and what will likely happen, but nothing more certain than that.
So what is likely? Well the dollar will likely continue to slip in value and it is likely to be replaced as the reserve currency of the world, just like the British Pound before it. What will replace it? Twenty years ago I would have said the Yen, but now it looks more likely like the Chinese Yuan. Could be the Swiss Franc for all I know.
The other big question is, WHEN will something like this happen? And the answer is this, I don't know. And there is the flip side, things eventually return to normal. So I don't believe that things will get so bad in the next two years that people hoard cash in the bank, I think that "stagflation" is more likely. Back in May of 2008 I predicted that if Obama was elected it would be the Carter years all over again http://randomthoughtsandguns.blogspot.com/2008/05/memorial-day.html and so far I've been right.
Sure wish that he'd been able to deliver on the rainbow farting unicorns instead. But, Carter didn't destroy this country and life did return to "normal."