While there will be some devaluation, I don’t see it in the extreme case that he is pointing out for one reason- value is the subjective rate of exchange. In other words, the value of the dollar in relation to xx- generally measured against other currencies. In the case of this ratio, other countries are going through a similar spending spree and debt increase like we are so the relationship has a similar movement.
The relation is key.
Thing is, though, that I keep hearing stories, you know, “somebody knows a fellow who talked to suchnsuch bank and they say...”
And at least some of these guys really are deep financial professional with their fingers on the various pulses.
We’re gonna see some kind of MAJOR change. What it is, nobody knows yet. Or if they do know, they ain’t tellin.