flemster,you are at risk of being classified a doomsdayer, and with situations like you describe happening so close to home anyone could understand why.
i have to say I am very much in the same category myself.
if you haven't read prof. ross garnout's book "dog days" you would probably enjoy it. his book sums up australia's future plight in a nutshell.
I think we might be in danger of leading one another astray here by moving to early - but i agree with you that there will certainly be some money to made here, by shorting, over the next couple of years - but timing is the key.