Look at the debt clock link you posted. 'Total US Debt' is pegged at 91 trillion, which is the wording used in the OP.
Good point. Total debt on that site is referencing all federal, state, local, business, financial, and household debt. I assumed KDC was talking about Federal Debt, which is where the real problem lies. Either way, a dollar collapse is inevitable, but the question is, "How will Americans handle it?" Currencies come and go, but the underlying assets, goods, and services remain. They currency may become worthless, but the assets don't vanish.
The crisis isn't caused because the collapse of the dollar makes assets worthless. The crisis comes when people realize that the valuation placed on those assets was incorrect. The adjustment in valuation is what causes the crisis. All of the financials built on the old valuations collapse.
I agree.
"How will Americans handle it?"
Probably the same way Venezuela did, or basically any other country that has gone through a currency collapse: By moving to a more stable currency.
Usually that's pretty difficult due to logistics and (((banks))) but it should be significantly easier today to do than in the past due to crypto. Love or hate it, it will be significantly easier to offload into crypto than ti will to something like the physical silver, the yuan or whatever hasn't crashed when the USD blows up. And you can hate it and just do a pass through if that's what you really want but I'd suggest everyone here at least figure out a plan to do it when the time comes, because wasting time will mean you get less <whatever> for your shitty USDs.
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