Not buying this scenario.
Why not?
According to this article....
http://www.freerepublic.com/focus/f-bloggers/2935479/posts
massive reserves of oil & gas have been found off the coast of Greece; its part of the same giant field off the coast of Israel.
The result? The Germans have changed their tune about keeping the Greeks solvent and keeping them in the Euro.
Now scale up what’s happened in Greece 100 fold and you get what’s happened in the USA. That is, because of fracking USA gas and oil reserves have gone up 100 fold.
What does that mean?
That means that the USA becomes energy independent by 2020. That means that the dollar is backed by much larger reserves of oil. Oil is like Gold.
All oil exporting countries have hard currencies.
If Romney gets elected in November—then gold is today at its peak.
5 Million jobs coming back to the US between now and 2020 because companies actually find it cheaper to produce in the US among many things, as in i.e. cheaper cost of energy, logistics, and now Japan companies wanting to get out of China.... and Obama and his polices had nothing to do with it... it’s all market driven.