snopes.com: H.R. 2847 - July 1, 2014 the U.S. Dollar Will Officially Collapse
Claim: The U.S. dollar will officially collapse on 1 July 2014 due to the implementation of H.R. 2847.
Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC.
This latest panic piece is offered in a Stansberry & Associates presentation featuring a number of scary-sounding statements about how we in the U.S. are soon to experience a "near-complete shutdown of the American economy," will see "the savings of millions wiped out," will be living under the imposition of martial law by the federal government, and will be struggling in the aftermath of a number of other apocalyptic financial scenarios.
But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter.
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snopes.com: H.R. 2847 - July 1, 2014 the U.S. Dollar Will Officially Collapse