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An overview from various resources regarding the imminence of (hyper)inflation.
 The Financial Times warns about (hyper)inflation of the US dollar: Emerging economies such as China and Russia are calling for alternatives to the dollar as a reserve currency. The trigger is the US Federal Reserve's policy of expanding the money supply to prop up the banking system and its over-indebted households. Because the magnitude of the bad assets within the banking system and the excess leverage of its households are potentially huge, the Fed may be forced into printing dollars massively, which would eventually trigger high inflation or even hyperinflation and cause great damage to countries that hold dollar assets in their foreign exchange reserves. Bloomberg informs us that China is on a big shopping spree. Do they foresee the massive inflation?: China, the world’s largest consumer of iron ore, said its major ports unloaded 24 percent more of the imported steelmaking ingredient in April from a year ago, a record for a second month. Ships dropped 53.5 million metric tons of iron ore last month at major ports, the Ministry of Transport said on its Web site. That beats the March record of 51 million tons.
Yes they do indeed, according to the Telegraph: China has given its clearest warning to date that emergency monetary stimulus by Western governments risks setting off worldwide inflation and undermining global bond markets. "A policy mistake made by some major central bank may bring inflation risks to the whole world," said the People's Central Bank in its quarterly report.
LaRouchePAC comments on an article in German magazine Focus about hyperinflation: The cover story is not just a dry historical reminder, because the magazine adds a clear and explicit warning to its readers, that they should not be fooled by certain deflationary trends now, because inflation is just around the corner.
The San Francisco Examiner draws parallels with Germany's Weimar Republic: With an unprecedented deficit that’s approaching $2 trillion, this budget proposal is a surefire prescription for hyperinflation. So every senator and representative who votes for this monster $3.6 trillion budget will be endorsing a spending spree that could very well turn America into the next Weimar Republic.
CNBC interviews Martin Hennecke: Bloomberg wrote on May 7th: The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent, “Black Swan” author Nassim Nicholas Taleb said. The global economy is heading into a “big deflation,” though the risks of inflation are increasing as governments print more money, Taleb said at a conference in Singapore today.
In contrast, Bernanke sees however some hopeful signs, according to AP: Federal Reserve Chairman Ben Bernanke gave his most optimistic prediction yet Tuesday about the end of the recession, saying he expects the economy to start growing again this year - although the comeback could be weak and more jobs will disappear even after a recovery takes hold. The Fed chief told Congress' Joint Economic Committee that he saw hopeful signs, including firmer home sales, a revival in consumer spending and some improvement in lending conditions for banks, businesses and individual borrowers.
Geithner feels reassured about the banking system: [Bloomberg] Federal regulators today unveil what Treasury Secretary Timothy Geithner said will be a “reassuring” picture of a U.S. banking system able to withstand whatever stresses the recession may inflict on it once a handful of institutions add to their capital base.
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