I'm only a little ways into the article but what he is describing is hyperinflation. He is very carefully choosing his words to avoid the hyperinflation term because it immidiately turns people off as they associate it with ordinary inflation which it is not.

"Debt reduction via INFLATION; and
• DEFLATION in the prices of almost everything in terms of gold."

In other words the price of goods goes higher in nominal terms (priced in the local currency) while actually falling in real terms (priced in gold or some other currency that is holding its purchasing power.

I've said it multiple times but a deflationary depression  and a hyperinflationary depression are the two sides of the same coin. Deflation is what is taking place because of the unsustainable debts are being paid off with increasingly worthless currency as it is being debased through excessive creation of new currency units. Though prices are going up in the debased currency, the cost in real terms is falling because fewer and fewer people can afford the goods.

But as soon as the word "hyperinflation" is mentioned, people tune out. So maybe that is why he is carefully avoiding the term (at least as far as I have read - may change later)

John