Doomsday scenarios are a fixture of the right to enforce some drastic policies that favor the rich. Check out from other sources. There are indeed issues, and the necessity to reform the system, so that those who take risks lose when they screw up, and not just win when they're successful, but there are still some strong bases for the US. Of course, spending billions on wars that won't be won is a pretty poor investment, but there are still tons of wealth to be used for the good of everybody. Same over here in Europe. As for your point 4, sorry, but the control of states over central banks is a thing of the past. This would take politicians with guts, lots of support and understanding from the population to reverse the course it has taken (and which is indeed detrimental to many of us).