Please read the quotes below and then consider...
Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002 Deflation: Making Sure "It" Doesn't Happen Here
"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation.
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Read the document in full on the Federal Reserves website for yourself
http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm
NOW
Consider this ---
If the government has not been able to adjust and or fix the economy by either raising taxes or making budget cuts... then what is left? Is Currency Devaluation a real possibility ? What would be alarming is that a devaluation would happen overnight and without a warning. A person might have $10,000 in a bank account on Friday, only to awake Monday to a devaluation meaning that their bank account would reflect the %40 loss in value just like that. Scary times?... Yes!... Time to have real change?... Yes!
BTW, isn't just a wonder that Ben S. Bernanke was the person discussing this issue back in 2002?
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