the fact that we have created 3X the base money supply means roughly 3X inflation once the credit bubble bottoms and banks start the lend based on the new base money supply. We might get lucky, and the Fed might recognize that printing new money into a dollar collapse isn't smart, and so avoids hyperinflation. But I do think we are going to see at least a sharp drop in the value of the dollar at some point.
Schiff is a mental midget who can't explain why expanding the money supply in 1990-19991 saw deflation in that recession, much less why printing lots of FDR give-away money in 1933 failed to bring about inflation.