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What exactly is this doom we are all destined to suffer on a global scale?
Nations have gone completely bankrupt before and survived. It's not like Japan ceases to exist and they've gone through economic hell several times over. Didnt Finlands economy completely vanish overnight only a couple of years ago? It's still there, right? Are all the Finns devolving into cannibal, dirt worshiping neanderthals?
Seems if the entire globe were to go bankrupt there would be even less difficulty as far as individual nations are concerned.
The S hits the fan with alarming regularity and the world keeps on keepin' on.