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<p>[QUOTE=&quot;mikem2000, post: 2195590, member: 30574&quot;]Well, what if the Yuan did reach reserve currency status?&nbsp; There is probably room for a fifth reserve currency. Of the five it would most likely be the least significant for a very long time.&nbsp; I mean would you trade your greenbacks for Yuan? I know I wouldn&#039;t and that probably goes for over 99% of the folks out there.&nbsp; It would pose notp threat to the Greenback in the foreseeable future.</p><p><br /></p><p>Your statement that China Russia and India have more Gold than the US is incorrect.&nbsp; The US is the largest holder of Gold and has more than those three countries combined. More important though, it is really quite irrelevant. The 8,000 or so tonnes of Gold we hold means little in a 17 trillion dollar economy .</p><p><br /></p><p><a href="http://www.usatoday.com/story/money/business/2014/03/22/wall-st-cheat-sheet-nations-gold/6709493/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usatoday.com/story/money/business/2014/03/22/wall-st-cheat-sheet-nations-gold/6709493/" rel="nofollow">http://www.usatoday.com/story/money/business/2014/03/22/wall-st-cheat-sheet-nations-gold/6709493/</a></p><p><br /></p><p>As far as the US dollar being back by nothing, that really is not 100% true, but we can just agree to call it Fiat and be done with it. I am not getting your point though. The Rupee, Ruble, and Yuan are all Fiat too, so what are you saying?</p><p><br /></p><p>As far as being 17 Trillion in debt (actually 18 Trillion) , yeah that is a lot, and I don&#039;t like it either. When are going to pay it off?&nbsp; Well, not in my lifetime.&nbsp; So things are not perfect there, but the flip side to that question is when are we going to default on it.&nbsp; The answer is the same, not in my lifetime. So, while I am not happy with the debt, and it will provide financial headwinds for quite some time, it won&#039;t be a game changer for me.</p><p><br /></p><p>So your final point of when will the FED stop printing money, well they did, and inflation was kept under control the whole time. So what is the problem?&nbsp; One thing it seems that the hard money guys do not seem to get, is as the economy grows, the money supply MUST expand.&nbsp; Now you can argue all day long on how much it should expand, but make no mistake about it. Printing money is absolutely necessary.&nbsp; Even on the Gold standard, the Money supply expanded as more Gold was mined. So is it really that much different to print money &quot;out of thin air&quot; or digging it up &quot;out of brown dirt&quot;?????[/QUOTE]</p><p><br /></p>

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