Not true. Countries go bankrupt and soon people are lining up to loan/invest money in them. We are going to lose our reserve currency status at some point and that will not turn us into Haiti...no other country has reserve currency status and many are very wealthy. I would argue it would be a good thing to lose that status as it would compel us, and the government, to live within our means. Lots of short term pain, but in the long run we’ll be better off.
We don’t even agree on our facts...
Countries go bankrupt