In my speculation, USD will more valuable rather than losing its value. 1. emerging currencies collapse faster than USD 2. the imminent hot wars and US has the world class military and geographically blessed. 3. the deglobalization will push local development all over again. 4. Eviction protection, mortgage forbearance artificially created a shortage in RE inventory. Low RE inventory in a flooded 4 trillion stimulus market so the temporary inflation surge. However, it is only time matter. Those bad loans defaulted, hundred millions people defaulted. Market would be flooded by used goods and services. China will have a harder hit than US in term of RE bubble burst. China stock market does not represent its economy nor its strength but RE market. Wonder how many of those damaging houses by Yangtze river flood were being used as collateral.