Anyone or anything that borrows money can go bankrupt. All you can do is encourage fiscal responsiblitiy. But is someone or something is set upon destroying themselves financially, there is little you can do about it.
Depends on what country, available resources and honesty of gov't I would think. No expert but if taxes are collected that should help stay afloat but not if leaders are helping themselves to the coffers.
“If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks for our money. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money"
and here is what you commented "No doubt the "Cabal" you mention is real, healthy and functioning"
If i understand you well, You are implying that the trend will continue?
Every country on the planet both owes money and is owned money, it is the balance of debt which matters. America does not yet owe more money than it is owed, but it wont be long; more than $1 trillion of debt can be attributed entirely to the war in Iraq and Afghanistan. You owe the money to China. Are you proposing that you claim back that $1 trillion from Iraq and Afghanistan despite the fact that neither of those countries asked America to occupy them? The biggest debt owed to America following WWII was from the UK, who have now entirely repaid that debt, to the point where America actually owes the UK almost $400bn. Personally I dont think that anybody owes you for Iraq, of Afghanistan, or Vietnam, or any other illegal wars which did not have world support. Take a leaf out of Russia's book, sit there and do nothing. They learnt from their time in Afghanistan, and it is no coincidence that they have less than $100bn worth of debt. That should scare Americans, and the British, the fact that the worlds largest nuclear power is sitting there completely self sufficient and with no debt. China own a massive amount of debt, they are now very powerful, Japan have no debt, but it really is Russia who everybody should be looking at as the next superpower. China relies too heavily on the US and European economy, so gains nothing through their weakened hand, but I suspect that it will be Russians buying the Maserati and Gucci products of the 21st century. A trip to Moscow pretty much confirms this visually.