Does that plausible conclusion imply that the rest of the world will, to some unknown extent, now have to detach itself from the Anglo system, thereby dethroning the dollar as the world reserve currency and gradually moving New York and London awau from the world's key finance paths?
If such a detachment does begin to take place, should we expect, for example, failing US Treasury auctions and a bankrupt Treasury, in fact if not in name? A rising fraction of international business transacted entirely in non-dollar currencies?
That should easy in most places; it will be hardest in the UK and the US given the size of the sector there and its political power. In the long run, we're all dead. John Maynard Keynes
