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America is going bankrupt! How to declare bankruptcy? Change the government? The United Nations took over? Be annexed by other countries?
This is just an exaggeration, meaning that there are too many national debts in the United States, and the government is unable to repay them. So far, the only country known as "bankruptcy" is Iceland, but Iceland only announced that the central bank would freeze deposits and take measures such as cutting spending and selling sovereign wealth (such as state-owned enterprises). At most, Americans cut federal finance and sell natural resources and national sovereign funds and enterprises. It is impossible to go bankrupt like a company.

What is the most dangerous move? That is, Americans print money directly to pay their debts. The dollar is hard currency, so the foreign debt owed to foreign countries is directly printed and sent to foreign countries. Of course, it is impossible to print them all soon, and the world economy will collapse. But now the United States is issuing more dollars, so the dollar is depreciating.