I’m just trying to get my arms around this for the sake of my 401K. This guy is saying that the near term danger is deflation, not hyperinflation.
Because since the long term decline of the dollar seems to be inevitable, (due to irresponsible fiscal policy) the writer recommends that the dollar be abandoned as the world reserve currency. “King Dollar” Kudlow, on the other hand says that this would be a disaster.
Question: What would be the consequences for investments? (Note that the writer implies that he’s not a “gold bug”).