There are a LOT Of assets in the US.
Drive down any highway in the US, do the same in a BRICs country. The difference is stark.
Is most of it built on debt...sure.
Could the dollar inflate to where it actually belongs, sure.
There are STILL a lot of assets here. This means that a Weimar wheel barrow full of money or 100 trillion dollars notes simply won’t happen.
Will most of us middle class types get wiped out? Yup. It won’t be mad max though. It’ll be something else that has never happened before and there will be something that rises out of the ashes. What that looks like? Whose to say but we won’t end up looking like a slum in Brazil.
What happens when most, if not all, of the US cities become like Brazil?
Perhaps not as much as it used to, but still it does.
The BRICS are a nice try, but the reason the dollar is dropping is because are becoming more like Brazil, Argentina, South Africa, India, China and Russia - not because they are a better alternative.
When the US economy gets the sniffles, the rest of the world gets the flu.
The world is headed for a serious crisis because if they destroy the dollar, they destroy themselves in the process.