Exactly everything is insolvent. If tomorrow people were like hey everyone USD is going to fail you’d get the Great Depression unless the fed printed money. And there isn’t nearly enough paper money for it.
That's wildly and obviously untrue. Let's look at the definition of insolvency[1] "when an individual or company can no longer meet their financial obligations to lenders as debts become due."
Take a trivial example - a person with no debts. You have to concede such people do exist in the world.
They are by definition not insolvent, and cannot be. Even if the currency completely collapsed and USD had zero value this would not make them insolvent because they have o debt and therefore no financial obligations.
Take a trivial example - a person with no debts. You have to concede such people do exist in the world.
They are by definition not insolvent, and cannot be. Even if the currency completely collapsed and USD had zero value this would not make them insolvent because they have o debt and therefore no financial obligations.
[1] https://www.investopedia.com/terms/i/insolvency.asp