Definitely not. Rising debt is not an issue, if foreigners can swap "real" assets with "nominal" dollars; this is not the case for Turkey, Zimbabwe, Pakistan, e

Definitely not. Rising debt is not an issue, if foreigners can swap "real" assets with "nominal" dollars; this is not the case for Turkey, Zimbabwe, Pakistan, etc. Saudi Arabia, Iraq, Kuwait are happy to swap their oil with US dollars, but they don't take Turkish lira, Zimbabwe dollar, Pakistan rupee for oil. This gives at least 30 percent support to US dollar, EUro. Second, even if 'racial and political situation is ludicrous', millions of foreign students are flocking to USA for higher education; same goes for millions of educated people in the third world who love to migrate to US, if the US gives them immigrant visas. Tell me, how many Indians, South Africans, Brazilians want to study in China? How any of them want to work in China?