Good article but I don’t think we have that long. The Fed has already monetized the debt. When QE2 ends in June the Fed will likely start QE3 in an attempt to keep the system afloat unless someone stops them. That should make what he is saying come true. Unless somehow we have a miraculous turn around in jobs/housing/economy over all and I don’t see any positive indicators in those ares.
Also, the Fed is creating money out of thin air, then printing it and buying their own bonds from themselves with it. They are also selling those worthless bonds at a loss to investors, who are selling them back to the government at a gain.
This is utter insanity! Stay completely away from Government Bonds in the near weeks to come. Especially the so called “Inflation Proof” Bonds. These are JUNK Bonds through and through.