Fully agree. From year 2000, US dollar index fell from 120 to 80 now, about 33% down in 10 yrs, pretty impressive. With $14,000B debt, $1000B debt addition each year, a tax revenue of only $2,500B, US gov has no way to pay any principal of the debt, it can't even pay/roll the interest and short term debt in 3-5 yrs. The only exit is to depreciate dollar by half or more in the next 3-5 yrs to reduce the actual debt to $7,000B, which is before 2008 disaster level. Annual depreciation of 10% is garanteed, in the plan by Fed, but can never be released to public.

The only things that can reserve values are black gold , yellow gold, and solid resources/technology company stocks, but only gold is the CURRENCY with the most liquiditiy. In just 3-5 yrs, the end of the game will come. World gold production average cost is $550, how low gold can be ? Roubini need worry about US dollar, $14000B debt, 20% umemployeed, US $80 trillion med care and social security liability, before he worries about gold bubble. Whose value will drop first, will drop faster and drop the most ? Can he explain why US dollar index drops 33% while at the same time gold triples the price ? Is it just coincidental and how it can be revesed if gold now is a bubble as he believed ?