> insolvency thus isnt possible.

You might want to look up Zimbabwe or Germany (after WW1). When your money becomes worth less than the paper it's printed on...

So, it's possible, and has happened before.

As long exporter nations want to swap their real assets with digits (US dollars), US is solvent.

	▲	hvb2 6 hours ago \| parent [-]
		Yes, and that's a function of knowing what you can buy for that dollar. As soon as you start devaluing your currency to get out of debt, not so much. I believe Argentina is a fine example of that