Hyperinflation

John Williams from Shadow Government Statistics is pretty sure, hyperinflation is immintent:
"A Great Collapse. The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets, financial system and economy remain highly unstable and vulnerable to unexpected shocks. The Federal Reserve is dedicated to preventing deflation, to debasing the U.S. dollar. The results of those efforts are being seen in tentative selling pressures against the U.S. currency and in the rallying price of gold..."
http://www.shadowstats.com/article/hyperinflation-2010
Comment: I'm not so sure. I still tend to consider the option of deflation. Who knows? My strategy for the moment is to prepare for both: hyperinflation (hold gold) and deflation (hold cash). Gold is the easy part. The more difficult part is cash. Sounds easy, but it isn't. The great question is, in which currency to hold cash. As of now I hold most cash still in euros, and some part in Brazilian reais and Japanese yen and a small part in US dollars. I would like to increase my euro position, and right now seems to be a good time. For the moment, I consider a move completely out of dollar und yen, and putting half of the proceeds into euros, and the other half into gold.