Marc Faber says that investors should short long-term U.S. treasury bonds at the appropriate moment:
I think the big trade in 2009 will be to go short Treasurys massively -- I really mean massively -- because we may not have inflation for one, two, three years . . . .
Jim Rogers is saying the same thing. Rogers agrees that long-term treasuries are the last bubble, and is going to short them at the appropriate time.
Note: I am not an investment advisor and this should not be taken as investment advice.