"Marc Faber and others are sure they'll deal with it through money printing. i.e., if the USD devalues by 50%+ over say 3-4 years their current debts will halve."
just because faber is sure about money printing doesn't mean anything
that guy is a professional gloom and doomer
he missed the bounce in march 2009 so if you had listened to him you would probably have missed out too
if the us were to print money it would cause chaos
first up it would destroy the value of savings and the lives of retirees who had money in cash secondly it would cause a massive inequality of wealth workers wages would become worth less and less people who could buy assets like gold, property, old masters, stamps, tulips, turnips etc and would do ok however there would be bubbles in these asset bubbles and they may lose everything
i dont think the government would risk doing that to reduce debt
