You betcha. I take it you’ve been around long enough to have seen that pattern, as have I. ;)
Yes I have.
I've also been around long enough to know that whenever governments (and their citizenry) get so far into debt they can't get out, they throw ridiculous sums of money at it that they don't have, thereby debasing the currency so they can get out of debt with funny-munny. This time, it's more massive than anybody's ever seen; so the upshot of the present spending orgy is anybody's guess. My instincts tell me that gold, lead and well-watered farmland are the best recourses.