America faces double-digit inflation and over 15% unemployment within a year or so – what will US Treasury bonds do?

Federal Reserve’s policies are about to backfire. America may face something never seen before ever in the history of world economics. It is an unemployment level at the depression level. And it may accompany severe double-digit inflation.
The unemployment will rise because of hopelessness among entrepreneurs. The business confidence has plummeted and is perhaps irreversible in the next ten to twenty years. That will have a serious effect on the employment. The tax receipt is plummeting deepening the red in the budget deficits. The unemployment can rise to 15% and perhaps to 25%. If you consider underemployment as a fact since 1979, the unemployment rate in US is actually above 25% right now. By 2015, 78% US citizens can be underemployed or unemployed.
The stimulus package from US, Europe, China, and India is making commodities go for a steep run again. The bull market in commodities will be inflationary worldwide. The US dollar index can drop below 50. Currently it is at 85 approximately. Lower dollar, ballooning budget deficit will fail to push gold up too much. The reason is that central banks will sell gold to raise cash.
What happens to US Treasury bonds then? US bonds will plummet in price. The bubble on US Treasury bond is about to implode. The US long-term interest rate can go as high as 22%, believe it or not. When in India Daily we warned about the banking collapse and depression in US for four years starting in 2003, no one believed us.