You know, for one thing the link doesn’t work so I can’t tell the author what I think of his tremendous command of the obvious, so I’ll tell you what I think of your tremendous command of the obvious. This isn’t news; I bought FXA, the Aussie currency ETF when it was at 65; today, it’s 105. And I bought that back in 2007 or 2008, I don’t remember which......but it was quite some time ago.
And my point is? It’s really not too terribly helpful to tell people that the dollar is terminal if you’re not going to deliver some information about how to avoid dollar death! It’s like telling people that the building’s on fire but not telling them where the exits are. And you and this author aren’t the only ones; I see plenty others that blog on endlessly about the debt bomb and dollar death and hyper inflation, yada yada yada; but other than “Buy Gold” there haven’t been much of any concrete suggestions about how to salvage what saving you might have and escape this mess! So, let me help you out.......check: http://www.rba.gov.au/fin-services/bond-facility/index.html#important-information-for-investors
That’s the site for the Reserve Bank of Australia; do some research.
Do you assume that the dollar CAN be saved and are you assuming that in a world awash in dollars that there actually is a way to "escape this mess"? Is that your solution - to buy Australian bonds? Brilliance I say!
I have a better suggestion if you have real money. Buy Real Estate. Unlike Gold.. Houses are undervalued because of Market Glut. This asset will act as an inflation hedge like Gold and you can collect rents through the period which looks like interest. No other investment vehicle has these characteristics today. The downside obviously is that this is intensely illiquid and you will not be able to sell this asset for possibly several years.. but it will weather the storm as long as they are not destroyed or confiscated.