Hard to understand how this will play out for the resource...

Hard to understand how this will play out for the resource sector, apart from obviously being good for gold. How about for producers supplying at benchmark contracts, especially low value products like iron ore? If they are locked in at US$80 a ton with hyper inflation surely that's not sustainable. Will debt, especially USD denominated debt, go from being the noose around a lot of companies necks to being a godsend, why not crank up debt levels if it's gonna be deflated away. And what happens to all the major stimulus plans announced by various country's which is the only thing propping up commodity demand over the next few years, especially steel and base metals. If inflation takes hold government's will have to refrain from pump priming the economy.