What will the US use to back their 3 trillion plus of debt. Major concern the US will become a poverty nation. Getting outsmarted by European, Asia and Middle East countries once again. Keep on selling GS, we all can work for a foreign leader.
There hasn't been anything backing the debt since 1971...save the obvious threat of annihilation that the US government poses to those that thwart it. See: Saddam Hussein, Muammar Ghaddafi and now Iran.
With China and Russia working together to reinstitute a gold standard of some stripe, this entire game could devolve to one of #$%$ any minute.