We have seen the rejection of U.S. debt , but the dollars are being recycled into other things like Bitcoin and equities. There is going to come a point where the dollars are going to come home to America, and people are going to start demanding real stuff.
I can envision a day when there might be a domestic dollar and an international dollar, and there might be two values assigned to the domestic and international dollar.
Whether this happens or not, the purchasing power of the dollar is going to be diminished as the story about the “missing” $21 trillion gains traction around the world.”
- Source, USA Watchdog