Doubt we'll see a default. No reason for another FDR like treason when we can just pull another Nixon. Why would we default when we can just inflate the debt away? What's the point in getting rid of that pesky commodity backing for the currency if you're just going to blow it by defaulting anyway?
Sorry there has never been and never will be a hyperinflation of the reserve currency.
Obama is planning 70% taxes and hunt down all the wealth.
Massive deflationary spiral ahead starting 2016.
Also from your signature,
proof-of-stake can never remain decentralized. Sorry.
I agree, there won't be hyperinflation, just very high inflation. This will do nothing to stop the already occurring deflationary forces at work. We've already seen the velocity of "money" slowing to a crawl as the faith based currency system is questioned by more and more peasants everyday. Inflation and deflation will continue to co-exist going forward, just as it has for some while now. Essentials like food, energy, education, and health care will continue to take ever larger portions of the typical debt slave's wages, while USDs spent on unnecessary junk like iphones, computers, & teevees will continue to go further.
Naturally barry will try to seize everything not nailed down as is the nature of a fascist in socialist's guise. Systematic wealth confiscation always has it's limits however as those with means always find ways to slip between the cracks.
I've read some of your posts with regard to bitcoin, centralization, and proof of stake. Some points I agree with and some I do not, but that's for another discussion.