short term deflation or mid term hyperinflation, we are fucked either way. The eventual outcome of all fiat currencies is that they go to zero value. Continental, Greenback.. US dollar its all the same fate.
Need to invest in hard assets like gold/silver/oil/commodities/property etc to avoid getting slaughtered in the long run due to inflation. The US dollar has already lost 98% of its value since 1900.. does anyone really think that last 2% is going to hold out forever? Worst thing a president ever did was when tricky Dick decoupled the dollar from gold to pay for Vietnam. Nice going, Dick.