... Is there any truth to the rumor that the plan is after all of the Quantitative Easing is completed that the US Dollar will need to be necessarily devalued upwards to 40% (depending on how many QE’s perpetrated)over the next 20 years to cover the volume of currency that has been printed?
I wonder if in 10 years they will debate whether to lop off a few 0’s from the currency we will be using then.
Devaluation? That's when a currency is pegged, either to another currency or to a commodity. FDR devalued the currency by making it worth less gold. We don't peg the dollar, so the government can't suddenly decide it's worth less.
The market can, of course, decide very suddenly that the dollar is worth less.
40% over the next twenty years? I wish. Try 40% over the next year or two.
I think that creditor nations are getting very close to punting on the Yellen dollar.