[Havoc]

Dropping the value of our dollar and halving our income levels will dramatically impare our ability to carry debt load. Do you guys have any idea what the hell you are talking about - NO. It doesn't take a rocket scientist to see you guys are trying to destroy this economy by turning us into a third world country and multiplying our debt load. If the money is devalued and people earn less of it, that translates into an efective multiplying of our debt load because it then takes longer to pay it down.

For cryin out loud a kid with a 5th grade education can see that and you guys spout like this is utopia in the makings.
You don't have a clue what you're doing - that or you do and you're just the traitors everyone says you are.

[1rudeboy]

If the money is devalued and people earn less of it, that translates into an efective multiplying of our debt load because it then takes longer to pay it down.

Oh really? Wouldn't the debt be, devalued? If you loan me $100, and I devalue the dollar by half, then I simply need to pay you the equivalent of $50 to clear the book. No one but you thinks that the $100 debt magically expands to $200.

[Southack]

"Dropping the value of our dollar and halving our income levels will dramatically impare our ability to carry debt load. Do you guys have any idea what the hell you are talking about - NO. It doesn't take a rocket scientist to see you guys are trying to destroy this economy by turning us into a third world country and multiplying our debt load. If the money is devalued and people earn less of it, that translates into an efective multiplying of our debt load because it then takes longer to pay it down."

You've got it precisely backwards. If the Dollar loses value, then old debt is easier to repay, not harder...and new debt is easier to afford, not more expensive.

Dropping the value of the Dollar hurts bankers and those who hold mortgage notes. They made those loans back when the Dollar was worth more, after all, and now you are paying them back with Dollars that are worth less.

[Dat]

Dropping the dollar's international exchange value would inflate the prices of foreign goods and hence contribute to inflation, but some of the slack would be taken up by domestic production, so the value of ratio of inflation rate to the devaluation rate would likely be much less than one to one. The victim would be consumers and the winner would be domestic producers, but without detailed information it would be hard to know what it would be.

[Toddsterpatriot]

If the money is devalued and people earn less of it, that translates into an efective multiplying of our debt load because it then takes longer to pay it down.

Take a deep breath before you hurt yourself. If the currency is devalued vs other currencies like the Yen and Euro that makes our goods cheaper, we sell more, their goods more expensive, we buy less. Doesn't hurt our debt load or reduce our incomes.

This would help us and you. Except for making oil more expensive, and we should get our own out of Alaska anyway.