To reiterate what was explained and demonstrated in Part I; the fiat currencies of the Corrupt West have already been hyperinflated (in the correct use of this term). The money supply of these fraudulent, fiat currencies has been diluted to worthlessness, in fundamental terms. The central banks and our governments have already promised to complete this hyperinflation spiral, through driving the exchange rate of our currencies to zero (and stealing all our wealth in the process).
The true meaning of hyperinflation has now been defined. The factors which have made this economic holocaust both inevitable and irreversible have now been explained. One task remains to be completed: the proof. If our currencies have already been hyperinflated to worthlessness in fundamental terms, where is the economic carnage (i.e. price spiral) which is the consequence of the exponential, ultra-extreme dilution of these fiat currencies?
This task will be accomplished in Part III . It will first be explained how-and-why there is always a time-lag between when a currency has been rendered fundamentally worthless, and the time when the official exchange rate of that currency reflects this worthlessness. It will also be explained how the banking crime syndicate has managed to extend this time-lag through assorted lies, manipulation, and other financial crimes.
The vast majority of existing money supply and, increases/inflation of the money supply has been through the extension of credit not "money printing." We pay for most goods and services using credit i.e. food, cars, homes, tuitions. Fractional reserve banking requires only a fraction of the loaned amount is held in reserves by the lending institution. Thus, using the hypothetical example of $1000 in deposits with a 10% reserve requirement, the money multiplier enables $1000 in deposits to become $10,000 in the banking system ($1000 in government fiat and $9000 in credit money). Take a look at the Ratios of Debt and Money to Base Money to get an idea of how big this difference is http://www.debtdeflation.com/blogs/2009/01/31/therovingcavaliersofcredit/ I would also suggest reading the first two comments on the article you referenced.
Second, if base money supplies are inflated but sit on the balance sheets of banks rather than moving throughout the economy to purchase goods and services (velocity of money) 'price inflation' will not happen.