“We all know the existing debt-based monetary system with the dollar at its core no longer works in today’s globalized economy. A new monetary system is needed. A new Bretton Woods, if you will, that learns from all the errors of the past and designs and implements a new monetary system without a single currency at its core and certainly not one based on debt. That time is coming. That is where the world is headed, toward a new electronic reserve currency unit that is used for international trade and transactions only and with all countries maintaining their existing currencies for domestic use only. The dollar will lose its reserve status, but it will survive as our sovereign currency.”
http://www.moneyandmarkets.com/5-investing-myths-to-ignore-in-2014-57238