A view that will get many people who agree on a silver stacker forum for sure. I also agree with you that financially we are a basket case presently and also doubt any magic solution will occur. A new great depression or runaway inflation seem the only options to me.
However, not every country operates in massive amounts of debt. China and Russia have a great appetite for "middle class" goods and also carry much more sustainable debt levels. Unfortunately I imagine the next great collapse to be a western one with UK, USA and Europe all going through terrible contractions and Russia and China growing quite well and BRIC's nations taking the mantle from the Petrodollar.
Which is why I think we are desperately trying to trade or physical war with these nations. They have our number, we have no way out.
Anyway bringing it all full circle to fancy watches, Chinese and Russians love their trinkets and have burgeoning middle classes with a much larger consumer base than the west has or ever had. Now, whats Chinese for Rolex....