Peter Schiff has been calling for hyper inflation and dollar collapse any day now for at least the last 5 years.

Check out this article on mobilization and money: http://neweconomicperspectives.org/2013/08/mobilization-and-... no other governments buying our bonds were needed. Nor are they needed now.

As for replacing the US dollar with something else as world currency reserve, Mike Norman gives his views: http://www.youtube.com/watch?v=m5fTV4bGO0w