It could be "both". First an attempt to force down interest rates and inflate the currency leading to speculative inflation with that followed by a deflationary collapse. It is not only a question of what is next, but what "ultimately" will happen in the event of a total collapse. A deflationary recession/depression is my expectation as a end outcome of a total financial meltdown.
Must that be the outcome? NO. Here is flaw in all of this, the foreign countries are in worse shape than we are. What or who is driving this assault on the U.S.? Now that is a question. It is much larger than George Soros. It is much larger than the Bank of International Settlements and it is much bigger than the Saudi's. Has anyone defined it? Not that I know.
I get the feeling that you are correct. It gives me a sinking feeling. Thanks much for your insight.