"If the dollar loses its world reserve currency status, America would face a major economic crisis. This crisis could lead to the collapse of the welfare-warfare state and the fiat money system that makes it possible. The danger is the replacement could be even worse as a frightened populace turns toward an authoritarian promise of security in exchange for restriction of liberty. However, the collapse could also result in a turn toward respect for the principles of liberty, limited government, free markets, and a foreign policy of peace and free trade. "