The Fed will step in, and here is a clue for when:
"If inflation falls too low or inflation expectations fall too low, that would be something we have to respond to because we do not want deflation" - Ben Bernanke, September 28, 2011
It doesn't get any clearer imo. I just wonder if "printing" will be able to stem the tide once a deflationary collapse gets going good...it's going to get interesting.
Undo what Wilson did