Are US Treasuries Going to Be a Flight to Quality?

The US is lucky because the dollar is still the major global reserve currency. The advantage of advanced economies compared to a Merging market is that they can borrow their own currency. Of course, if there be some debt problems, they're going to start in the United Kingdom or maybe in Italy or eventually in Japan. So I don't see a formal default in advanced economies,. A similar situation in which if the market imposes discipline and you cannot finance yourself, the central bank is going to print money.