You don't seem to understand what this means for the American way of life.

It is the creditors like China/Japan/Russia and Saudi Arabia which fund the expenditures of the American Government. A repudiation of American national debt just means the American Government goes bankrupt and doesn't pay its creditors.

That actually means no more money for indebted Americans to spend...

The artificial demand from governmental largess means the entire American and probably global economy contracts. This makes everyone poorer except for the people with money who will buy up assets like real estate from mortgagees for pennies on the dollar.

It works out well if you're rich and have enough money saved up to survive for 5 years without an income. But if you rely on your income then you're toast.

Unless you've got enough money to prey on the unfortunate people who aren't as well prepared, you won't win even if you survive.

Consider people with money in the stock market who don't own government bonds. If you don't have the capacity to fund American largess, then your government will just take your assets.

It is only the ability to finance your government in whatever capacity you have that will save you from becoming a statistic when your government goes bankrupt. Because I have no doubt your government won't miss you when they need money to fund their military and essential services according to them.

We can safely assume the western world will become something socially like the Philippines when the supply of credit becomes cut off. America may have nukes, but those nukes won't do you any good when you run out of dollars to buy fuel for planes to drop those nukes. Even with nuke missiles your government won't be able to pay the people at the console to launch those missile.

I wonder what the solution is? Become a socialist country to enslave everyone to force them to work and launch nukes?

Russia ran out of money in the 80s and nukes did nothing for them.