No it would devalue them by much more Everyone would stop accepting $ since there was a risk that the government would print 20% next month. The value of the U

No it would devalue them by much more Everyone would stop accepting $ since there was a risk that the government would print 20% next month. The value of the US $ would crash as other countries suddenly stopped accepting it or wanted much more of it to cover the risk - so the price of imports would rise. The price of oil would soar (in $) or only be available from some markets if you paid in euro/gold.