It all comes down to the ability of the FED to print money and the US Gov’t to borrow endlessly, as the US Dollar is the world’s reserve currency - AND we have the US military to keep the present global structure in place.
Those are the USA’s two main advantages.
How long it is until that is destroyed, is anyone’s guess. But when its gone, it is not coming back.
I dare say that the U.S. is no longer the world’s reserve currency, we just don’t realize it yet. When China and Russia, and China and Iran, and India and I-forget-who are all ending their trade among one another in U.S. dollar, I dare say we are n o longer the “reserve currency.” Now, we may have the most investment in us, but it’s falling. It’s like saying you have a lot of money in one bank that’s going to go under. And you start putting new savings into another bank, while slowly drawing down that first account. Now, which is your reserve, or “your” savings plan (what you’re reserving your future in)? I suppose you could say both, or the one that has the most. But in effect it’s the one you’re moving towards, not the one you used to be with. I know it can be looked at a lot of ways, but that’s the way I see it.
“How long it is until that is destroyed, is anyone’s guess. But when its gone, it is not coming back.”
Probably months. I imagine it will be quite sudden, and abrupt. But you’re right, who knows.