Christopher Bond actually said...

If we get in a position of monetizing our debt, we will face an unprecedented disaster and go the way perhaps of Argentina.

The Federal Government has responded to the economic crisis with aggressive and unprecedented, but unfortunately, I believe, ad hoc actions ...

It is a great story that has convinced many people, as they now see how it resolves.

To me it looks like you've made a bad bet if you have not proven something that can take its place and you're cutting it off.