Where not to be when The Dollar Collapses! fiat currency

I see America and to a greater extent the human race doing what it always does in this type of situation. Kick the can down the road. Specifically, America will slowly and inexorably print away its debt. Reason for this forecast? Austerity shrinks the economy so badly that the loss of aggregate demand causes a downward spiral and less and less revenue to pay off the debt. Running the printing presses produces jobs and demand. Oh, and inflation.