Bernanke has injected something like 3 trillion into the economy in QE1,2, and 3. Home prices are down to y2k levels, fuel is low too. Where is this inflation hiding? We need more inflation. Perhaps 3% for a few years to let people get debt down to manageable levels.
Bond investors? Those that shorted bonds in the last few years got killed. Further, bond markets show low yields for DECADES into the future. Negative rates on 20 year bonds at the moment. Seems the rest of the world does not agree with you about the hyperinflation.. A weak dollar would be GOOD as it would make exports easier, leading to higher employment.. Bad for those holding piles of cash though. Problems in europe causing a flight to safety though, thus driving up the dollar. Pity.
Why do you view inflation as bad? Debtors benefit, workers benefit (via higher wages), assets appreciate.. The only losers are those sitting on large piles of cash.
Also, depressions are started by deflation, not debt.
"The only way is to pay out" - Might want to read up on the paradox of thrift: http://en.wikipedia.org/wiki/Paradox_of_thrift.
Basically you are about 100% wrong. Your mistake is using a micro economic solution to a macro economic problem. Resonates with Fox news viewers but is directly contradicted by facts and theory.