Screw the religious shit and look at the tiny little bit of historical timeline it describes. I've expanded on it somewhat, below, as this video really focuses on religion too much.

It starts with 200 years ago, when England made usury legal.
As per Ben Franklin's own words, among others, the Revolutionary War had more to do with money than it did with independence.

1913 - Federal Income Tax and the Federal Reserve created.

1933 - USD no longer redeemable for gold for American citizens, but since it is still redeemable for gold for foreign citizens and foreign countries, it becomes the reserve currency of the world.

August 15, 1971 - USD no longer redeemable for Gold for foreign citizens/countries(even though foreign citizens/countries had tons of it). Essentially, Nixon defaulted the reserve currency of the world.

1972/1973 - Nixon and OPEC work out a deal where all OPEC countries would accept only USD as payment for oil.

November, 2000 - Iraq starts accepting Euro for oil. Since it is an OPEC country, they are directly threatening the global value of the USD by doing so, as demand for the USD would drop if oil could be purchased in something other than USD.

May, 2006 - Iran opens it's oil commodities exchange

Technically, this guy's right that if the Third World defaults, and we support it, the banking system would screech to a technical halt...but not for long - they've dealt with worse calamities than that in just some media play.