US Currency to Implode? $800 Billion Ameros to China

Yes, this guy says he has proof that America has shipped $800 Billion ‘Ameros’ - a new currency which is being formed between the USA, Canada and Mexico which will replace all of these countries currencies respectively - to the China Investment Bank. He states that China presently holds $2.5 Trillion worth of US Dollars thanks to the trade imbalance with China (a figure that may be slightly overinflated but not entirely inaccurate as it is known China holds a lot of USD). The video goes onto state that the level of US Debt is so great, that there is simply not enough money ‘in the world’ to cover the interest expense and so this is why the USD is going to implode.

While this seems like absolute bullshit to me – I thought I would post it on Small Stocks to see what you guys think. It is true that China holds a phenomenal amount of US Currency and that the US Government has put in balance strategies to ensure that China doesn’t sell a whole stack of US Dollars at any one time – otherwise the USD would truly collapse. However, the ‘creation of a new currency’ which ‘simplies cancels out previous US debt’ – is absolutely ridiculous. 

Thinking ‘rationally’ – the world wouldn’t stand for it, it would cause outright global financial collapse and spread fear and panic – and probably war. This may have been a Bush strategy – it certainly wouldn’t be an Obama one. There is an article below on some strategies you can take  

It’s simple really to solve -

Stop spending money America, and start paying off interest expense – not to mention principal.

Check out the video – it’s pretty clear the guy is a lunatic and should probably be locked up.

P.S – I’ll give the guy one thing, he’d be a good car salesman!
P.S.S – If this is true, I’ll eat my hat.