The fiat currency known as the dollar collapses.  There are runs on grocery stores, gas stations, and retail stores.  There are gangs of people going through neighborhoods on a stealing spree similar to New Orleans during Katrina.

These are some of the elements the US military is looking at in a war games scenario known as Unified Quest 2011, created to test the event of a currency collapse here in America, or elsewhere.

In an article from Insidedefense.com titled, Army Officials Think Through The What-Ifs Of A 'Global Economic Collapse', the military is planning for a potential, or eventual, global collapse of the dollar, and its ramifications for the American public.

Jim Rickards of King World News did an interview on this war games scenario and you can listen to it here.

About Jim Rickards:

Jim Rickards: Senior Managing Director for Market Intelligence at Omnis, Inc. - Jim has been a direct participant in many of the most significant financial events over the past 30 years including the 1981 release of hostages from Iran and was also the principal negotiator for the government sponsored bailout of LTCM. His clients include private investment funds, investment banks and government directorates in national security and defense. He is an advisor to the Committee on Foreign Investment in the United States and Support Group of the Director of National Intelligence and recently testified before Congress on the causes of the financial crisis.

When the military attempts to intervene on American soil, and against American citizens, they must be very cautious not to overstep their authority according to Posse Comitatus.  Posse Comitatus is a Reconstruction Act that came out of the Civil War, and was a promise made that Federal troops would not be used against American citizens in law enforcement activities.

The military and defense department engineers do war game planning for any and all types of potential events, and the Unified Quest 2011 is by no means a action that has moved from simulation into real time planning.  However, it is vital to be aware of this potential, especially as the world rushes towards the fall of one or more currencies in the global monetary crisis that hovers over many nations leading into 2011.

So, since I am not living over in America and our media input/output is also very controlled, is there something like this actually happening?

Cheers

Susan