Ironglow, I am quite familiar with James Rickarts. You can follow him on twitter. He posts daily. The currency wars he speaks of are happening, but it is because of the debt (Europe, US, Japan). Sometimes currency wars turn into trade wars. Trade wars sometimes turn into shooting wars. The BRIC countries are building their gold reserves to protect themselves from a dollar collapse since the dollar is the world reserve currency. They have also made bilateral currency agreements to bypass the dollar. Why? When Bernanke creates dollars, many of these go to foreign countries thus exporting our inflation there, it has the same function as counterfeit dollars would have (making the printer wealthier at the expanse of all other dollar holders). The Federal Reserve was created by the bankers for the bankers and the government. It is a sly way fleecing the people without their knowledge. In fact, it is better than taxes from their standpoint.
Now, I think there is some hyping in this film concerning China. China could dump their hoard of US bonds, causing a worldwide sell-off, that would blow up our bond market and decimate our banking system and financial system any time they get ready. But it would not be in China's best interest. The US is the worlds largest debtor nation with debts that are unsustainable and that is why Bernanke is printing (he is buying the debt with counterfeit money). China is a creditor nation and is trying to protect its financial interest.
Throughout history, wealth flees debtor nations toward creditor nations.
It is true that anyone not protected has lost 25% of their purchasing power since 2008. This will continue. There is a danger of it turning into a hyperinflation which would be much worse than the great depression.
Debt is so great and government so burdensome, that the Fed must continue to print or we immediately go into depression. The Fed prints and buys bonds from the primary dealers who buy them from the treasury with the primary dealers making a nice profit. The government wins, the bankers are happy (putting profits in the markets), and you lose.
I would not doubt that the BRICs eventually go on some form of gold standard. Russia has hinted of this. They will need more gold than what they have now. If that happens, dollars will come home to roost; reaching their intrinsic value, that of paper.
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How to prepare:
Real assets increase with inflation.
Paper assets such as bank deposits, bonds and CD's decline.
Pray that your government does not get into any more wars, they are unpredictable and costly.
If there is a breakdown, then it could lead to civil unrest.
If there is hyperinflation (enough money has been printed already, but what is lacking is velocity of money which depends on the attitudes of people), transportation will cease (meaning nothing on the shelves or in the gas pumps).