east and west, page-8

Dillinja,

What you are saying is nothing more than the principle embedded in rule 7.

7.Gold will survive after the world economy crumbles: Gold is the ultimate currency, as it has a value that will survive even after the whole world tumbles around you. Get yourself some gold coins and a Glock and you will be just fine when the whole world goes to shit. We welcome the era envisioned in the movie Mad Max.

The problem for the poor Indians is that if the world goes to shit so will they. When trade collapses we all have to go back to subsistence farming.

Now on a more serious note. If you want to learn more about the real problem paused by the dollar or any other fiat currency as the predominant global reserve currency then imo you should read this:

http://en.wikipedia.org/wiki/Triffin_dilemma