I think you are right, Obama's plan, to the extent he has one, seems to be to dissemble, divert, and delay through the election and then exploit the deluge to complete the "transformation."
One day a US oil company will present dollars to purchase oil from Saudi Arabia, Russia, Indonesia, Nigeria, or Venezuela. The seller will refuse to take dollars and will demand payment in gold, Chinese currency, Russian currency, Canadian dollars, or the Euro if it still exists. When that becomes known, the value of the dollar will plunge, interest rates will skyrocket, people will run to the bank to withdraw their deposits, and hyperinflation will ensue, destroying the US economy.
Expect if Romney wins, the tipping point crisis event will happen early in his first year and the collapse will be blamed entirely on him and the “conservative” Republicans. If Obama wins, the crisis will be delayed until the second half of his last term so a national emergency can be declared and elections suspended for the duration of the crisis. A new Constitution will be written and adopted by the states to enshrine permanent dictatorship.
I think you are right, Obama's plan, to the extent he has one, seems to be to dissemble, divert, and delay through the election and then exploit the deluge to complete the "transformation."
ASSuming that the crash is inevitable, the next question is 'how much can we learn from history of monetary failure and what will it look like at the personal level ???
IOW, will we all just wake up one day and our dollars be worthless, and need to empty the retirement accounts for a loaf of bread, or will we suddenly receive a raise that makes paying off the house in a lump sum, with hyperinflated dollars, before that happens a possibility ???
we're in uncharted waters, but we should be able to draw some kind of conclusions from the other failed models ???