[Uncle Ike]

” Devalues with respect to what, the Euro? “

A bit closer to real-world home, how about ‘devalues in terms of the purchasing power of Joe Six-Pack’s pocket money’.....

Contrary to the apparently heartfelt belief of many on these forums, most of us don’t, as a First Principle, think in terms of arbitrage....

[expat_panama]

When the dollar devalues by 80% sometime this year...  ...in terms of the purchasing power of Joe Six-Pack’s pocket money.....

You're saying you're absolutely certain that inflation will reach "80% sometime this year".

Thanks, I get the picture now.