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Quayle warned of a "false flag" terror event before July, 2010, in which a U.S. governor or two might be assassinated. This kind of crisis would be created in order to declare a national emergency and martial law, he explained. Further, "all paper currency will fail, necessitating a global currency," that will be part of a one-world monetary system, he suggested, adding that the American dream has been turned into a global nightmare.