Value might reset but nominally prices overall are going higher unless someone like Volcker appears on the scene. Or we leave dollar standard for IMF
SDR Fiat standard in global trade which bails out the dollar scenario while degrading them much like the decline of Sterling over decades I guess.
Inflation, loose money causes lower growth globally I expect.
Yea, no doubt inflation will start to kick in. When Napier, Druckenmiller and Buffet all signal that inflation will take hold, people need to sit up and listen. Would be interesting if someone like Volker came about. Looks unlikely though going by Powell's recent speech that higher interest rates will not be coming.
People should prepare for that, precious metals and crypto.
Regarding the SDR, it won't be a fiat currency, fiat is dead, it'll be a digital asset, based on blockchain, something deflationary. My bet is it'll be Ripple and XRP.
I also believe that the world will try the Bancor system, instead of Bancors, it'll be a digital asset backed by gold. Although technically it'll be a unit of account, CB's will be able to trade gold for this digital asset, but they won't be able to trade the digital asset for gold. It'll be a one way trade designed to help countries that find their trade deficits lagging. It would make the whole system fairer, it would stop countries like China manipulating their currency, and the people of China would actually get to see some of the benefits of their production. And it would stop countries like Germany sitting on a huge trade surplus, they would be forced to put the money to work.