Hi Joanna - great reply and great points. Really - this deserves it own post.

IMO

The scenario you outline - straight to hyper-inflation is a possibility. However, I expect that we would see deflation first - crash in price as defaults begin - then panic selling driving prices lower.

I don't believe that we have the same currency printing issue that the US has - so doubt we will experience the same level of hyper inflation if at all. Opposite in fact - Aussie dollar could actually go up substantially in value adding to the deflation.

Of course - many here who believe that property market is inflated are also holding gold and silver because we believe these are cheap - so in the hyperinflation world you describe - we will be just fine anyway.

Suggest you re-post your reply to #teamaustralia and #steemsilvergold - you are sure to get plenty of great answers.

Following.

SirKnight.