NO, NO, NO, HYPERINFLATION! Why? Debt sits on the banks balance sheet as an ASSET. That debt is also considered the banks capital. If the debt is hyperinflated away, the banks & their system is also hyperinflated away.... look at Stock Market charts, the inflation post Bretton-Woods began with the "space race," slowed from 1973 - 1976, quickly restarted till 1980 & was reined in by Volker (16% IR), slowed untill Ronald Reagan declared war on "the Evil Empire" 1983 with the "Star Wars" military build up..... the inflationary policy can be seen by looking at U.S. Treasury bond charts beginning 1981. Interest Rates began @ 16%+ in 1981 and have been declining since then due to the policy induced inflation..... when money floods into the system, interest rates fall lower to entice borrowers to borrow the excess unused money that isnt employed by the capital markets. Its the reason for the Internet & Housing bubbles..... capital always first seeks yield, when yield is low, it chases volume..... the end of the bond bubble comes as the 10 yr. approaches zero percent..... then the global system will reorganize.... we are in the pre-organization period.....