The US govt might have the ability to reverse course, but, as far as we can see, it's not too late, and there are no leaders who are willing to bring about that course-reversal.
And yes, there will be a major "disruptive global financial event." Most clear-eyed observers tell us that. Given the facts of the current situation, I believe them.
Actually, it will be a "Very Smooth" transition out of Fiat Debt Notes, and into "Sound Money"... During the "Redemption Period" we will Remove all Federal Reserve Notes, and Replace them with our own "Sound Money"... "Sound Money" will be issued in many different forms... Start thinking "Paper" Coinage... "Smart Money" Coinage... "Digital" Coinage... "Crypto" Coinage, and "Decimal" Coinage... All will be Fully backed, Face Value for Face Value with U.S. Gold and Silver Bullion Coinage...
December 18, 2019... 6.0 Hollywood Time...