When it occurs, it will be world wide. The West just has further to fall. Honestly the debt and Central Banking System are just fake made up numbers. Based on faith. Literally.Lol ok, so it’s good that Elon is cutting so many programs now. The larger the deficit we have, the larger the pain it will be when that eventually happens. Social security and Medicare has to remain, but Medicaid and all other social programs will be abandoned to prepare for this.
Also you do realize that if the US falls at any point, so does Canada, which is an end to the social programs up there.
China is going to crash hard. USA will as well. Canada will take a solid hit. So will Europe. Third world countries will chug along with a lower standard of living.
We shall see if hyper inflation truly comes about. That will be the worst part.