From the comments a paranoid scenario submitted by PCLeddy. The name of the game is: selectively reimburse US debt.
Imagine: The FED creates a "new dollar". It pays its debt only on new dollars not the old dollars one. The new dollar is bought with old dollars. The price you will see depends on who you are. The government will not honor its debt with selective targets, I don't know, say Chavez could be left out for example. Something tells me this is how we all make good with Russia, which itself defaulted on its bonds in 1907. Here the us honors its debts selectively.
It is an interesting scenario. A few things come to mind.
This will be done only if China is aligned. There is a symbiotic relationship as China produces and US shops.
Only if the US energy needs on the inside are met. US economy is gas guzzling. We consume the most by a lot. The international community can turn off the spigot.
Oil below $90 nukes Chavez anyway.
Let's say the payments with Russia are kept in old dollars and redeemed for new dollars with variable pay as you go basis. This is a way to make sure the bear doesn't misbehave too much. He also has nuclear weapons, remember MAD.
This would trigger FFWW (First Financial World War).
It is very very paranoid