The Federal Reserve system was created in 1913 and has been in place ever since. These bankers have the ability to control economic stability or cause instability. One of the major conspiracies regarding economic collapse is that it will be used to usher in marital law through chaos that would ensue due to such an economic collapse. In the event of such a collapse, the U.S. dollar would be replaced with another currency that would be used worldwide, meaning that the wealth of the people would be taken through this transition to the new medium of exchange. Estimates by some conspiracy theorists are that approximately 30 percent of the people's wealth would be lost, though this number varies. An economic collapse would give unprecedented power to a one world totalitarian government and borders would be dissolved. At present, there are several global institutions that are capable of taking over the role of a one world economic system and the first step to this is believed to be the introduction of a global system of taxation.
There is no precise definition of an economic collapse. The term has been used to describe a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp increase in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s). - Source: Wikipedia