Russia and China could form a economic pact and decide simultaniously to switch away from the US dollar as the their reserve currencies...
Which would instantly destroy the US economy.
We are in debt up to our eye-balls and they hold all the cards.
the only thing saving us from that scenario is China’s investment in US treasuries - how much are they willing to lose? and on which side does the House of Saud swing?
“Which would instantly destroy the US economy.”
On the contrary, it would destroy the Russian and Chinese economies, putting them back to the economies they had before 1978. Without the United States and Europe to cheat on their foreign exchange rates, their economies will shrivel up and die, while the return of U.S. manufacturing jobs will cause the U.S. economy to boom again. The booming employment then greatly boosts income taxes and defrays the national debt not already confiscated due to war with the parties holding the debt instruments.