Three questions.
First, what shape will Japan be in? Aside from the US, their competitors for influence in Asia are all pretty much broke now. Heck, they might even have gotten something out of their fellow Entente members in exchange for floating a loan or two once it became clear that US capital was gone. North Sakhalin, for example, or support of Japanese claims to Chinese territory.
Second, any chance that Germany offers to buy some colonies off its foes, or even buy some of its own colonies back at the peace treaty? It would help prevent France from immediately collapsing into revolution, since France would now have at least a small infusion of gold to pay their debts with. They also might go for taking the Belgian Congo in exchange for handing over German East Africa to the British; the former is frankly more valuable, and it allows the British to gain something tangible from the war (the Capetown-Cairo connection) without selling short von Lettow-Vorbeck. vLV is going to have an interesting career post-war, since he's going to be one of the few immediately recognizable names who can say something about honor and glory during the war and mean it.
Third, might the US accept European colonial possessions in the Western Hemisphere as payment for some of their debts? I could see Henry Ford encouraging the acquisition of the Guyanas (although the Dutch one would require actual negotiations, seeing as how the Dutch don't have any war debts), or American mineral concerns wanting the Jamaican bauxite deposits. And the Caribbean as even more of a US lake than OTL might have interesting consequences down the line.
I think that TTL's France isn't guaranteed to follow the same path as OTL's Germany, politically-speaking. To OTL Germany, WWI was a sudden crushing blow after the better part of a century where first Prussia and then the German Empire seemed to go from strength to strength. To TTL France, though, WWI is now the second time that France has been broken by German troops, a defeat which cost them Alsace-Lorraine, left much of the country's industrial plant and best farmland in ruins, and gutted an entire generation. While there are still going to be Frenchmen who think that they're sure to win next time, I'd expect there to be just as many (if not more) who feel that any "next time" would just end in an even more crushing defeat for the French.
As a minor matter, what would the situation be in the Aegean? I assume that the Ottomans are going to reclaim the Dodecanese, but would they also get the islands Greece took from them during the First Balkan War? And would the Bulgarians end up with Salonika, or just some minor adjustments of their Greek border?