Of course, when Treasuries Collapse, its mostly the ability of US corporations to exercise economic power outside the borders of the US based on US dollar assets that collapses.

It would certainly be an economic crisis if the US dollar collapses, but its not certain to be an economic collapse.

Of course, a lot depends on whether the government of the day is more concerned with preserving people's standard of living or preserving the international purchasing power of US dollar portfolios of corporations.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.