No plausible alternative even exists despite $200,000,000,000,000 of debt.
The Euro barely left a dent despite being invented to displace the dollar.
It is going to take Europe, Asia and the BRICS cooperating to create a reasonable alternative like it took the Vandals, Goths and Barbarians(much of the known universe) added together to take down Rome.
or something not happening anytime in the near future.
No nation can be a first world nation without the international banking system. We have a hammerlock on this system like never before in US history. Trump got Turkey out of Syria in 9 days by blocking the Turkish banks access-a world record at getting a muslim nation to heel as an example.
Unfortunately, we have weaponized the SWIFT system, and have shown our willingness to seize foreign cash and metals on deposit in our banking system.
We do not have a hammerlock like never before. Trust has been destroyed. The Euro was invented in 1995. Back then we had 4.9 trillion in debt.
Today we are at 35 trillion and ad another trillion about every 100 days.
Our abuse of trust, and massive money explosion has ended that hammerlock. The dollar is no longer as sound as a pound... so to speak.
“No plausible alternative even exists despite $200,000,000,000,000 of debt.”
Think of it as a house on a lot. No alternative house is on the near horizon. But when your house is on fire and flames are shooting out of the roof, you start thinking about it.
And when the lot is a smoldering ruin, the alternative quickly gets put together.
The alternative will come to life after the collapse. Probably some kind of basket of commodities, metals, and national currencies of members. If a member currency starts abusing the printing press, they get ejected.
That’s my prediction.