Well... Since this is paranoia...
If this were to happen, the dollar would have to collapse or depreciate quite a bit in value, sending the US economy (Along with quite a few others) into a downward spiral, at which point someone will come up with the 'idea' of creating a strong, singular currency betwen Mexico, the US and Canada. Seeing as how the economies of all three North American countries would be in a tailspin, it'd probably be adopted without much opposition.
Edit: Oh, did I forget to mention that I expect the Fed to be the driving force behind the complete collapse of the US dollar?
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