What if the US Dollar Collapses?

It would be history's greatest bait-and-switch

The past few weeks major countries have been moving away from the US dollar, raising doubts about the dollar’s long dominant role in the world. Eight weeks ago it was just pariah nations like Iran or Russia trying to de-dollarize. Now it’s Brazil, France, even Saudi Arabia — the lynchpin of the decades-long “petrodollar” arrangement.

If the dollar does…