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IMO it depends on who the lender is because a devalued US$ could still be a better option than holding money in their own currency. The same question applies to the UK. Who are their lenders and what would they do with their money if they didn't buy GBP's?

Graemsay I couldn't have written it better myself and to answer Devo's question, I think resource rich nations such as Canada, Australia, Norway etc plus the Asian countries will be the most growth regions in the short term. In the long term the world won't end but the US IMO will be the...