The reason there will be increasing resistance to fast devaluation is exactly because of what you have said. The sweet part of it is over. Every one will hurt more (both exporters and importers) with further drops. That will force them to put up some safety net to slow the fall. Definitely, I think we won’t see real loss of value of 50% in just a couple years (like for e.g. $1600 for gold, $200 for oil, $8 for milk, $6 for gas etc.,) unless we go through a Soviet style revolution – which I am not expecting.
