A snippet from John Williams' newsletter today (underline mine):

Treasury and Fed Create New Money. The news continues to be bleak for U.S. monetary discipline and the inflation, but it certainly is not unexpected. After the $85 billion bailout announced last night for AIG, the Fed and the U.S. Treasury today began creating serious new money in the system, a process that eventually will end in a hyperinflation and complete debasement of the U.S. dollar.

If the dollar has no ultimate low, gold has no ultimate high. I am keeping a running track of the number of economists I respect who are specifically predicting hyperinflation in the US over the next decade. My current count is eight. Names provided upon request.

-Hysteria