I'm sorry, but I'm not as optimistic as you are. "We, the people".... Look at downtown L.A., at the new hoovervilles, the people who cant make a living even with 2 jobs - they are "We, the people". Nobody will pay back any debt ever, nor will they care.
And after the US the other currencies will follow, like a row of dominos. We have overdone it, bro. We have partied on borrowed money and time, for too long. And at one point the party is over and the hang over begins.