The US spent 50 years fighting a Cold War against the spread of communism, but every year took more control of the economy and people's lives, until now we are the modern version of the USSR. Only gulags are missing. No politician in the Soviet Union believed it could fail, except Yeltsin and Gorbachev. When it collapsed, it took down the Russian ruble. We are probably at the Gorbachev period, and we need to look to state and local governments to handle the coming bankruptcy. It isn't the end of the world, but is is the end of the US as it has morphed over the past 100 years of statism.