First, deflataion, then inflation. Not in a perfect way. Some assets will keep on going down while others increase their price (biflation), but, at the end: GOVERNMENTS ARE NOT GOING TO PAY THEIR DEBTS. And all of the Central Banks are playing the same game. Perhaps it´s safer to hold Australian, Norwegian, or Asian bonds than European Union or American ones, however they will follow the US+EZ politics if they want to sell their products.

We have time. First, avoid corralitos, look for safe places or options, but in 3 or 4 years, everything we have heard about investments will be wrong and we will have to own a really special portfolio even if we are conservative investors. Just keep it in mind.