I've been trying to learn the best way to track the next possible downturn and it sounds like from the experts it's going to be a huge devaluation of our currency instead of another subprime loan debacle. 

I realize there would be fees and such to get the currency back into dollars if need be though.

What currency will take place of the dollar?

China has already surpassed us economically, if the US$ is loosing it's status as the world reserve currency, our national debt becomes a real issue, things will change quickly.

I simply don't see how we will avoid monetizing the debt and inflating the currency long term.

Does it need to be current issue coins to be effectively used as currency?

It wasn't until 1971 that our currency was taken completely off the Gold Standard, but I understand the gold reserves backing up the currency had shrunk to such a small percentage, it didn't make that big a difference.I've heard opinions that say the Fed should be taken completely out of private hands (the member banks), but that would mean giving all control to the government.

The agendas also include restricting banking regulatory agencies, Comptroller of Currency (that regulates National Banks) and the FDIC regulating all others.

And they all shared one thing in common: One checkbook (well, per country, anyway, which is really to say, per currency).Your solution lies with your accountant.

The 2% sounded great but you were subject to currency risk.