US debt and long-term savings strategy - what do you think ?

Hi,

I am not a "real" investor, and in retirement savings I so far
preferred to go easy way and invest in index funds.

However, the more I think about the state of US economy the more I
wonder what's to come in the next 20-30 years.

The two main trends that I see are (1) a huge trade deficit and a huge
debt this country has, and (2) outsourcing of majority of "middle-
class" job ( first manufacturing, now engineering, software
development, design, I even heard of x-rays being sent overnight to
India to be read by a US-licensed radiologist - although this may be
just a rumor)

These trends, in the long run, will probably result in a major
inflation and devaluation of USD (seems to be the only way to "write
off" debt). And the country that doesn't produce will have hard time
getting out of nosedive. I don't think there'll be a Great Depression-
like crises, more likely a long series of downward turns with some ups
or flats in between.

How would you invest, in the long run, under such conditions ?

.

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