I don't see how you can ever get the dollar devalued enough. China and India effectively have infinite workforces available when you look at the numbers.
and what's oil going to cost after the devaluation is complete, $200 a barrel?
Yes. Devaluation causes the price of everything imported to rise. Instead of buying cheap crap from China to fill our Wal-Marts, we will have to start producing it ourselves once again. This part is good, because it puts us back to work. The tough part is the price increases for things we cannot produce ourselves, like oil. we will have to get serious about energy independence, like a Japan-style program to build nuclear plants everywhere.