Why so many people think hyperinflation is bad? It's the best thing can happen to an indebted entity. All these doom prediciting books read like some rehashed wso nonsense.
It's really simple. A fiat money environment means that money has no intrinsic value, it is a big fat nothing. As such, it is better to have goods than nothing. Or, you exchange nothing for goods, same thing.
Of course I can't use this to my advantage since banks can then exchange the nothing I owe them for physical goods in my possession, e.g. through a court decission. But the America's debtors? What could they do, petition the UN for ownership over half of the country's territory?
Or the OP's situation, he now has to work more to earn the same. That's not inflation, it's the opposite - deflation for his US partners. How so? Well a pound of beef still costs the same over there. But the OP needs to bring in more money to cover his expenses in his country. Which effectively allows for more beef for the said partners.
It can be argued that beef won't cost the same when the gov defaults... but USA is the biggest producer of maize, Germany the biggest producer of complicated machinery, Japan of electronics, Australia of sheep and so on. Worst case scenario, these countries start to trade only with each other (again) and the respective populations will still be fed, well equipped and entertained. The only thing that will be missing is flashlights for 10c and singing postcards for 5c, things that the average Chinese can't afford even now. In this regard the Chinese nation should finally start asking itself why is their government letting them work for nothing while the clients are getting better off by the day.
