The whole premise of this story depends on this hurdle rate of 11% and the debasement being real and one for one against earnings. The story just accepts the hurdle rate and debasement as accurate. If this is not accurate then the story falls apart.

Some research led me to this:

https://faisalkhan.com/knowledge-center/payments-wiki/c/currency-debasement/

The bottom like appears to be that the current money printing (the 8% debasement rate) by the U.S. is the cause of the 3% inflation so adding the 8% to the 3% is double dipping. The hurdle rate is really 3%.

TEK