There is only the prospect of Americans suffering through either a deflationary depression or hyperinflation.

FORBES: An Inflationary Death Spiral

It is not clear whether deleveraging will cause more inflation or a deflationary depression.

FORBES: How To Buy Gold Bullion Without The Hassle

No surprise, we were in a deflationary depression.

FORBES: Expect Two Recessions Before End Of Decade

Shortly after the collapse of the real estate market and the ensuing truncated deflationary-depression, Bernanke took interest rates to near zero percent.

FORBES: Bernanke: 60 Minutes, 2 Big Lies

First, the Great Depression was finally becoming faint memory, as was its record of destroying stockholders while handing deflationary gains to fixed-income bonds.

FORBES: Dividend-Yield Signal Screams Deflation Or Back-Up-The-Truck