Is is probably quite possible for hyperinflation and depression to coexist as we have now at least for some period of time until it ultimately resolves one way or the other. In the aftermath I'm not sure there is a great deal of difference, only the super rich remain standing, the rest of us well.... the word serf comes to mind.
Depression is actually the less likey result, since unlike the 1930's gold backed currency, today's fiat currencies can be inflated endlessly. The governments can and will print money to avoid a general depression - which is why we have simultaneous limited depression and hyperinflation today. All I can say is that commodies (at least food) are going to get a LOT more expensive in the future.
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