You answered your own question, money is worthlss paper. Taxes are not imposed on society so a Governing body can use it to pay down debt but rather use it to justify printing more. If 8 of 8 people were collecting food stamps then we would have a problem.
Anyway, CLF is going to $40 which is the major support level. If you really love this stock and think it will rocket soon go ahead and buy 25% of what you want at that level. If it goes below $40 I guarantee it will go to low $30's high $20's before building the base and rally all over again.
Keep your eye on what is going on in China more so than Europe.