US dollar devaluation

Watch the full 29-minute video at http://www.goldmoney.com/vorndran-turk-interview. Philipp Vorndran, of Flossbach & von Storch, and James Turk, Director of the GoldMoney Foundation, talk about US debt. Philipp explains that as long as it can print its own money, the US government will never default on its debt. The real question is how much the dollars it repays it with will be worth. They also talk about the US sovereign debt bubble, but Philipp does not expect rising interest rates, because of central bank policy, including Operation Twist.