You are wrong. Bankruptcy does not affect the salaries and price of goods. It also affects the speculation on currency. The only people who benefit by the worth of a currency are the rich countries who pay nothing for goods from third world currencies and the speculation traders who make billions.

Let's play that out in a dozen different families.

There are 12 different families in different geographical areas. They are all paid the same amount for the same type of goods. The government goes bankrupt.

This does not affect the price of goods in other families.

I seriously don't understand how it could.

On the other hand, currency speculators might lose a fortune!

Here is an article on currency speculation. They make $5 trillion a day.

https://www.trtworld.com/business/what-is-currency-speculation-anyway-12724168