"The committee will get to the bottom of what did and did not happen with Mr. Abdulmutallab and what security precautions need to take place in the future, " Thompson said.

CNN: Source: Terror suspect's father tried to warn authorities

If that were to happen, demand for dollars would sink, and because there is no other currency to take its place in terms of trade, global inflation would rise as important commodities like agricultural goods, oil and precious metals metals would rise substantially to compensate.

FORBES: What Happens in a World Without Dollars?

The family have been told that a search due to take place in the summer did not happen because PSNI resources were needed at the Irish Open Golf and the Olympic torch relay.

BBC: Arkinson family criticise police search