Devaluation of the U.S. Dollar

Without continuing to monetize the debt (QEIII etc), at this point I think we would head into a deflationary depression. Either way, our debt needs to be paid through austerity (deflationary), or defaulted through inflation.
Neither scenario is good, but the FED has made it clear they are trying an orderly devaluation of the dollar.
I just don’t understand why people are surprised at the actions in the precious metals given the state of the world’s reserve currency.