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There is a problem. The piece does not define hyperinflation and is therefore correct in the prediction. The high, regardless of the actual value will be retro defined as hyper and therefore true.

My view is that the continuing devaluations and resulting price rises will be far less than a hyper rate. That means less than 10-12% per year for six or seven years. Rather than a steep gradient, the inflation will be strung out over a greater time.

I think in terms of the rule of 72. An investment doubles in a time that multiplied by a rate equals 72. Using this equation, at an inflation rate of 12% existing debt will be halved in 6 years. That is, the burden will gradually disappear and cease to be a problem.

The devaluation/inflation is by design and collusion between the various governments/central banks and is the only way to resolve the issue other than total collapse.

If money is properly invested in appreciable hard assets, the outcome will be favorable. If one has no money to invest and relies only on wages, there will not be much pain because wages will rise. The unions will crow about how they have forced wages to increase and folks will feel good. There will be a slight lag, but the principle holds.

Those on fixed incomes and social security will feel a lagging pain but the congress will make adjustments to relieve the pain of the induced price rises.

The problem with real estate will also gradually fade as prices rise back to former relative levels. People with mortgages under water will begin to sense the problem is declining as the inflation floats them upward.

There is however a possibility of serious difficulty to the solution. The continued accumulation of debt and near debt must be radically curtailed. The devaluation/inflation will not be a cure if the debt accumulation becomes chronic. That is why the Republican congress will take hold and put a damper on the debt increase while allowing the devaluation/inflation to continue.