Comment: Prechter's Assertion

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Prechter's Assertion

is that the dollar won't be in danger of losing much more value until after the tremendous debt liquidation has run its course.
As of now the banks don't even have enough of those so-called "worthless" US dollars backing deposits. He recommends people have cash on hand in the event of a banking crisis where ATMs could be emptied and depositors wont have access to funds in their accounts. Just common sense advice really.