Incorrect. It rarely ends that way. Only for entirely broken regimes. Sorry Armstrong has all the data. He invested $1 billion collecting it.
In another thread you predict USA will break into regions. Is this not the definition of an entirely broken regime?
Edit: let me give you a quick, incomplete hint. Read Armstrong for the many details and points. The failed regimes were due to dictatorship and/or a bankrupt ideology (e.g. communism in the Weimar Republic). When the population remains very productive and the debt is actually quite small (e.g. the debt is only $19 trillion in the USA but the productive capacity of the people is that much or more per year), then the society is not failed. We are going to see transition to a world reserve currency. This is not about total failure of government, except Europe is trying hard to achieve that again. China, Russia, USA, Canada, Australia, etc are no where near failed societies.
There is nothing new in the concept of world reserve currency. It can have many components this time, this doesn't change anything in how individual countries manage their economies and their budgets. Individual countries are pretty bad. For bankrupt ideology we have the welfare state. The productive population is shrinking, the liabilities of the governments are growing, you even said this yourself up thread, and there comes a point where society fails unable to bear the weight of liabilities. Enter hyper inflation.
I have read quite a lot of Armstrong, I don't agree with everything.
What is happening is the productive people are breaking free from the unproductive. This is why we need a world reserve currency that no country can abuse.
The elite are doing creative destruction on the nation-state central banks and currencies. But the productive sector will refuse to become socialists. My X gen is giving the middle finger to that.
Socialism is failing. Those with that ideology will fail. It is not an ideology held by everyone not like in Weimar Germany when everyone was tears and in love with the almighty Socalists and then Hitler. Those who disagreed, were unable to mount any defense nor defection.
I suggest you review this post about Texans and Texas:
https://bitcointalk.org/index.php?topic=1049048.msg14621869#msg14621869trollercoaster had a similar post about rural Australians.
The Internet makes it possible for us to communicate to each other. Ideological, propaganda shit can't be hoisted on us who are awake. Trump is proving many people are awake. They read blogs.