LOL! So an incredibly extreme example (probably an 8 sigma event) is a relevant “precedent”? Brilliant.
Looking around at the worlds economies over the last 70 years, I would say that the Weimar experience isn't that far off from the norm.
The only thing seperating the U.S. dollar from the currencies of South America, the pre-euro southern europeans, and ultimately Zimbabwe, is the fact that we are still treated as a world currency. The day that we cannot pay off bonds or pay for goods in U.S. dollars is the day that this house of cards comes down.
How do you envision the exit from QE going? Where are interest rates going to go when competitive rates have to be paid? What do those rates do to bond issues, home prices, and business capital?
Yep, super rosey outlook we got here. Best I've seen in 40 years! Buy, buy, Buy!