Doom For the Dollar???

I know what you are all thinking but afraid to say out loud.   With all that is happening in our financial markets, Is the colapse of the dollar next?  And what you really want to know is why the dollar may be declining and if so, how do you protect your own nest egg. 

Okay for the brave one, lets take a good look while many others still have their eyes wide shut.  The dollar declines when it loses value in relationship to other foreign currencies like the euro.  So when this occurs, our good old George Washingtons can buy fewer foreign goods thus increasing the price for imports and causing..you guessed it, Inflation!  Then look out as many investors with U.S. Treasury bonds begin to sell off their good ole American dollar-denominated holdings.