The US GOVT fiscal year ends at the end of September. The financial statement of this entity will show clearly that it is BANKRUPT! The US dollar cannot but go down the toilet this fall ...
Why nobody is talking about this, is a big surprise to me.
Whether the US GOVT formally causes a Devaluation or not, will be almost irrelevant as the free-market will pummel the US dollar in the coming months anyway...
If the US GOVT believes it would be more advantageous to itself to have a formal de-valuation than not....then they will have the so-called "Bank Holiday"....and de-value the dollar...
Once this happens, the reality of this depression is going to hit the Nation of the USA like a ton of bricks....because even shopping at Walmart will become too expensive for many people....
If the dollar is devalued, we are going to see extreme poverty appear over-night....
This is when the "proverbial crap hits the fan"....
