You sound like you know the future, but you do not. Right now the USD is rotten, EUR is rotten, CHF is tied to EUR, most other EU currencies are basing their BNP on exports to EUR or USD countries, and even the CNY is rotten. Investors are looking for safe havens since the stock markets are all rotten too. Now imagine what would happen if the troika decides to pull their Cyprus trick on a country like Spain or Italy... With more people fleeing to BTC, BTC will gain in usage as a currency instead of just being used as a commodity. This is much bigger than some people mining on ASICs, and we do not know if this will crash or take off a year from now.
I am not claiming anything about BTC price, I am saying difficulty will continue to skyrocket and that is a fact. Avalon has already shipped their first wave of ASICs out and that doubled difficulty... two more waves are coming, and the other ASIC makers are trying to ship as well. Plus a lot of coverage has gotten a lot of people to turn on their GPUs and even buy GPUs to try to eke out a few coins before difficulty rises so high that even $100 BTC isn't enough to cover electricity costs, particularly in the summertime when the waste heat is unwanted.
Under these tough mining conditions, imho, only a fool would buy a GPU for the sole purpose of mining today. Better to buy a FPGA/ASIC if you insist on mining. And if you really want to make big money, and you have the skill, trade BTC directly. In real life, miners got lucky once in a while but weren't really that rich, but Wall Street has always been full of rich people. Chew on that.
As for your rant against fiat... save it for someone who cares. F*** the EU, they are paying for the sins of decades of overspending, and unlike the US, the Euro is not the world's reserve currency. Most EU countries have histories of exploiting the rest of the world, even worse than the USA, and I have no sympathy for them. And the ones I am most sympathetic to (e.g., Norway and other countries that didn't kill and colonize like the British, French, Germans, Spaniards, etc. did) are the best positioned to tough it out anyway (Norway even had the good sense to keep its Krone). I am already hedged against the Euro collapsing. Guess what appreciates in a hurry under that scenario? No, not BTC. Yes, the US dollar, and to a lesser extent a few other currencies like the Yen. Gold will actually suffer, at least at first, in the USD-denominated sense. And yes USD is not invulnerable either, but I have hedges for that, and it sure as hell isn't BTC. If the USD implodes, that's game over for the world economy. A LOT of Really Bad S*** would happen, and people will be forced to sell of stuff like BTC just to pay their taxes, rent, and other fiat-denominated must-pays. BTC is far from a safe haven. At least Gold doesn't need electricity to exist. Nor do brass, lead, and steel.
With all due respect, you sound like one of the True Believers at bitcointalk.org. It's a self-selecting Libertarian echo chamber over there. Here's the problem: BTC has some severe vulnerabilities and the fact of the matter is that it is the Friendster of would-be digital currencies. The sheer number of people who did NOT use Friendster meant that alt-social-networks had plenty of room to grow and compete, and Myspace kicked Friendster's ass and even they weren't so big that other competitors couldn't get in and beat up on Myspace (Facebook, Google+). BTC only has value because people use it and it has some critical mass, but don't think for a second that it is 100% safe from destruction by other digital currencies that spring up. And even the 21M limit is not inviolate--Forbes had a great writeup on why (hint: how did we avert the blockchain fork crisis in March? Those very same programmers and the de facto mining cartel can also get together to do hijack the blockchain in theory).
Then there are other technical matters like the agonizing 10 minute long (on average) first confirmation duration (please don't tell me to use BitInstant or something, as that charges a fee and defeats one of the purposes of BTC in the first place--zero or very low transaction costs... it also introduces an additional element of risk and point of failure), the fact that with so few big pools it's actually possible to 51% attack it today. It won't happen so long as the big mining pools deem it more profitable to be honest, but man, that's a huge flaw and we better hope that nobody ever manages to hack a major pool and then DDOS or hack a few other pools, because that's all you need to hijack the entire blockchain. A vindictive major pool operator could probably do it, too, just DDOS the other big pools and voila, you have 51% hashing power yourself. Until people get off the big pools and thus make mining less concentrated, this vulnerability will continue to plague BTC.
Then there is the deflationary problem that causes more hoarding than spending as a currency. At least you have the good sense to admit that BTC is just a commodity right now, and not a real currency, due to its wild gyrations in price that render it useless as an actual unit of measure. Today, if you go to any major merchant that takes BTC, they will almost surely calculate the price in fiat and then quote you the BTC price at current exchange rates. I can't blame them, given how volatile BTC prices are. Could be $200 when I wake up tomorrow, could be $20. If BTC were a real currency, they'd quote you in BTC without resorting to figuring out the fiat-BTC exchange rate and quoting you the BTC equivalent of the fiat number. It's simply not there yet and may never get there, or it might.
In sum, BTC is highly speculative and can go to zero. On the other hand, it might somehow fend off all other comers and become quite valuable--the Facebook of digital currencies instead of the Friendster of digital currencies. Here's the thing though: if you are a True Believer that BTC will inevitably be worth millions each, why are you dicking around with GPU mining? Go big or go home: that means buy an ASIC, or if you can't, then buy BTC directly. Seriously, just buy and hold, as even those that bought at the previous peak around $30 are doing just fine now. And if you're not a true believer, well, don't invest more than you can afford to lose. And I'd still much rather have an ASIC than waste capital buying nearly-obsolete GPU mining equipment.
Anyway, we have gone too far off topic so if you want to talk about this some more, feel free to PM me.