Hyperinflation (money completely dies), is a lot less likely than mass inflation (15-50% per year), plus selective default (gov't reneges on some promised entitlements, such as moving SS retirement age to 80, or reducing Medicare benefits).
When money dies, so does the power of the financial elite, and they don't want that.
When the Federal Gov't checks begin to bounce, people will step away from it and rely on more local governments. A social revolution is brewing.
The definition I see of hyperinflation is "exceeding 100% in a three year span." That would take 26% per year...
Besides, as money becomes a worse "investment" more people will move to gold and silver... if that catches on, we just need to reach a tipping point before money goes from X inflation to useless. Doesn't take long once it begins, and it's certainly not uncommon...
If you want to look at how healthy fiat money is, look at how strong the alternitive is...
Oil production is somewhere around 30,000,000 barrels a day.
If you think that a daily consumptions/production of oil near this number isn't going to hurt anything/affect then you aren't realizing exactly how much stored energy we're releasing. Billions of years of ancient biomass. Also, I don't believe the markets are as intelligent as some would assume so I do not mind some minor government correctional procedures. In fact current markets have been twisted to the point where short term gain outweighs long term stability.
In the end we'll have to go to clean sources anyways, regardless of their effect now. I think it makes sense for some long term energy planning on the part of the United States considering we've had a **** energy policy (if any) for the last 100 years. People don't consider the huge amounts of jobs and research that are going into the rising "green industry".
And I know Jason you'll just say all of our energy problems and market's being organized towards short term only are our government's fault anyways.