[politicket]

In our lifetime we have observed a major world power go bankrupt......................

We're far from bankrupt - since our entire monetary system is based on debt (the promise of future labor of ourselves and others). Future labor promises can be made forever, and in any amount - doesn't mean they'll be fulfilled - just that we're promising the future labor of our kids, grandkids, great-grandkids, great-great-grandkids...you get the idea.

[PeterPrinciple]

We’re far from bankrupt - since our entire monetary system is based on debt

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IT works until it doesn’t. Don’t you think that was the situation with the major world power?