How about a Global Sovereign Debt collapse? How long can they hold that off?
In a fiat system, thats more or less impossible for the Dollar, Euro, Yuan, at least. It could lead to runaway inflation, which would effectively pay off all existing debts. Either way, I’d say longer than any of us would ever imagine. I didn’t think they’d be able to “right the ship” in 2008 or 2009 back when the central bank didn’t intervene as often. Today the central banks have no issues throwing trillions into the economy in a matter of months (hence the inflation today)