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<p>[QUOTE=&quot;Morgan1878, post: 735679, member: 17869&quot;]A lot of good points in your post. An orderly dollar decline is desirable to prevent panic. All of the economists know that if anything falls fast, it creates panic and that&#039;s very difficult to deal with. </p><p><br /></p><p>Since the yuan is pegged to the dollar and will have to rise <i>sometime</i> it makes perfect sense to buy it while it&#039;s artificially depressed. But you don&#039;t have to buy it with gold. You can buy a closed end fund or mutual fund with dollars that holds a basket of asian currencies and accomplish the same end.</p><p><br /></p><p>Your observations about other parts of the world working and studying harder, I believe are &quot;spot on&quot;. They want the &quot;good life&quot; we already have. You won&#039;t hear this from our politicians (except in a very indirect veiled way) because such a statement would lose them the next election. </p><p><br /></p><p>Lastly, your observations about &quot;thinking long-term&quot; make total sense. Too many folks want &quot;vending machine&quot; results. You put in a coin and the result drops out an instant later. Not so in the real world. </p><p><br /></p><p>An example of this was shortly after our new President was elected, the criticism of his efforts started about 30 days after election. Believe me, with all of the problems put at his feet, I&#039;m willing to give the dude a bit more time. And in reality, some of these problems will be resolved in years, not months.</p><p><br /></p><p>The one thing I don&#039;t agree with is your statement that &quot;I do believe that Asia has their sites set on displacing the US in its current role of the &quot;center of the financial world&quot;. There is no committee that represents Asia and sets as its goal being the &quot;center of the financial world&quot;.</p><p><br /></p><p>You can be <i>very</i> comfortable not being &quot;the center of the financial world&quot;. Just ask most of the folks in relatively small countries such as Luxembourg, Switzerland, Norway, Sweden among others how they feel about their standard of living.</p><p><br /></p><p>Lastly, I don&#039;t think you&#039;re ranting. That would indicate you&#039;re not being realistic. Most of your post is based on accurate observations.[/QUOTE]</p><p><br /></p>

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