2. Investors who want to maintain their buying power, or who want to become wealthy, will seek alternatives to the dollar such as the ones we have long espoused. Gold, strong non-U.S. currencies. If the dollar is devalued in one large increment; food, oil, and other commodities would rise dramatically. At that time, we would not be surprised to see oil and gold double from their current levels.
3. A much lower dollar will help solve many of the U.S. growth problems: corporate profits will rise, exports will increase, employment will increase, and the economic stagnation will improve, but inflation will rise at a rapid rate.
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