Geithner will unveil a “NEW U.S. DOLLAR”.
It’s equal to 500 old dollars.
There, problem solved.
Like every other failing banana republic, he will just stamp “X 1000” on the existing dollars.
Brother, can you spare a billion?
That would wipe the US debt to China and other countries. It would also wipe out the savings or investments which Americans have in US government paper. And THAT would wipe out the savings which people have in cash. Maybe shares in companies with physical assets would still be the same percentage of those companies.
How about a ten to one revaluation first.
A loaf of bread would be a dime -- we would hope.