Decline of the dollar

On a mailing list, someone suggested that no matter which candidate we elect in November, he or she will not be able to halt the decline of the dollar.

Paul Ciszek replied:

Imagine a foreign country called Dumfukistan. This country is inhabited by religious fanatics who believe that the world will end any day now. This is reflected in many of their policies, as their government has no problem with borrowing a billion dollars a day with no intention of ever paying it back (indeed, insists that “deficits don’t matter), sees no point in maintaining any infrastructure, and behaves abroad as if they don’t expect to ever have to deal with the consequences of their actions. The people are so backward that they use their own medieval unit system, not shared by anyone else, that doesn’t even have units for things like voltage or current. Their science education is so piss-poor that most of their adult population is unaware that the Earth orbits around the sun, thinks the universe is only a few thousand years old, and even the majority of their college educated individuals cannot tell you (correctly) why summer is warmer than winter.

Now, if you found yourself holding a few million Dumfukistan quatloos, would you consider them a sound financial instrument and hold on to them, or would you try to convert them to something else while you still could?