Grading on a Very Sad Curve

The thin and sad silver lining of the global debt balloon is that the US is still better off than the rest of the world. I'm not sure if the general staff of the counsel of economic warfare are a smart as they think they are but the scary possibility is that we're the one eyed man in the land of the economically blind.
via http://www.freemansperspective.com ht: zero hedge

Europe isn’t looking good. Japan isn’t looking good. The UK is holding, but as mentioned above, its numbers are horrible. Switzerland seems to be in-between strategies. China has problems. Russia has problems. The BRICS have never been stable.
That leaves the US. My impression is that most serious investors would rather hold dollars than yen or euros; most big businesses too. Their bets are on that the US will crash last.
So, are the Fed and the US Treasury doing this intentionally? Are they quietly pulling the pins out from under the others, making sure that they’ll be the last currency standing? I have no inside information, but I’d bet on it.

Now this may be giving the Fed and US Treasury way too much credit but the analysis of relative fiscal strength does have it's merits, if only on the whole only on the basis that being the last domino gives a little more time to brace for impact.