[Publius]

As long as we possess the world's reserve currency, we can't go bankrupt. It's impossible because we merely shift our financial malfeasance overseas, and everybody else has to suck up and swallow it. The dollar is the only pool of capital deep enough to handle $4 trillion a day in foreign exchange transactions.

But if the world's reserve currency shifts to the currency of another country or group of countries, then it's game over and lights out for the empire and the welfare state.

[greeneyes]

Correct. The dollar sucks, except when you compare it to all other currencies.

[notpoliticallycorewrecked]

It already has. China now has the world bank. We no longer get the discounts on trade and the politician can no longer authorize the world bank to loan money to us or to themselves.