THE PLAN
The plan to devalue the currency is shown in documents just placed on the Federal Reserve's own website.
Rumble - The Plan
This has happened before, but to a lesser extent. Will result in: a loss in confidence in the dollar, extreme inflation in commodity prices, financial devastation to the public, and a massive transfer of wealth. This will lead to the wipe-out of retirement assets as the major holding companies go bankrupt (explained here TheGreatTaking.com).