I completely agree with almost everything you say. The one thing I'd push back against is your advising people to avoid owning stocks. Over the past 150 years, stocks have had about a 7% real return, so, on average, they double in inflation-adjusted value every decade you hold them.

Aside from that, there's a way Americans can enjoy the perk you point out the government is using, of borrowing valuable money and repaying with devalued dollars. It's called a mortgage. After inflation and tax benefits, my mortgages are earning me about 1% a year on hundreds of thousands of dollars of the bank's money.