"When the world’s biggest economy collapses, this will have a major effect on the rest of the world. US imports and world trade in general will drop dramatically and a worldwide depression would be a virtual certainty."
Unless the world deleverages and debt is purged and written off (not happening), there will be huge demand for USD to repay the debt denominated in it. It won't be the USD collapsing in a world-wide depression but rather the AUD.
While we wait for hyperinflation to arrive (someone please tell me when??) the inflationists are losing their shirts:
http://www.youtube.com/watch?v=G1EKKelCj1Q
Rowingboat
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