Yes: there are two forces pushing fiat currencies down. In a worldwide debt-saturated environment both of them are implacable.
One is competitive devaluation to preserve exports.
The other is defensive devaluation to diminish debt.
I believe the defensive devaluation will 'inflect' soon, leading to a sharp devaluation of the dollar similar in kind (but not in cause) to the Argentinian peso devaluation in 2002.
Paulson dances around it. I don't intend to:
FReepers, get out of cash and into hard assets, or you will be wiped out. You will wake up one morning to find that the dollar in your pocket is worth 1/4 of what it was a month before.
The majority of my wealth is in retirement accounts, which I cannot touch for years. Of that, I'm almost 50% in cash and bonds. What can I do? Something tells me that buying "paper gold" won't cut it.