I actually think the devaluation of the dollar would be a good thing long-term. It would make foreign goods much more expensive to purchase, which would bring manufacturing back home. Vacations abroad would be more expensive for us, but foreign tourism here would boom.
"That tyranny has all the vices both of democracy and oligarchy is evident. As of oligarchy so of tyranny, the end is wealth; (for by wealth only can the tyrant maintain either his guard or his luxury). Both mistrust the people, and therefore deprive them of their arms." -- Aristotle, Book V, 350 B.C.E
Read this if you think there's hope in fiat currency:
http://www.gutenberg.org/ebooks/6949
http://www.sjsu.edu/faculty/watkins/hyper.htm
Pay attention to the bit about Yugoslavia in the last link, it could very well be coming to a neighborhood near you.
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