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<p>[QUOTE=&quot;Cloudsweeper99, post: 1108626, member: 3011&quot;]If I am wrong, I will change my position and investments accordingly.&nbsp; Flexibility is key, but deciding in advance that the situation is hopeless is just as bad as unawareness to other possibilities.&nbsp; You have probably read here that I consider it a 50/50 proposition whether there is inflation or deflation.&nbsp; While it is true that food and energy prices are rising, this is due as much [maybe more] to the rapidly growing middle class in formerly third world countries.&nbsp; Demand is rising faster than supply, and there is nothing that monetary policy can do about this.&nbsp; It isn&#039;t inflation.&nbsp; It is a shift in the demand curve on a world wide basis.&nbsp; Regarding the debt held by China, US Treasury bonds and notes are uncallable, so they cannot be &quot;called&quot; by the holder.&nbsp; Also keep in mind that in 1945 the national debt was $260billion and Gross National Product was $212billion.&nbsp; Things were not much different than today and the following two decades were not that bad.&nbsp; So people that think there is no way out of the present situation need to study history.&nbsp; So the demise of the dollar and America is no sure thing, and a return to normal is no sure thing.&nbsp; I think the proper approach is to sit squarely on the fence and watch future developments closely.&nbsp; Anyway, that is what I&#039;ve been doing.[/QUOTE]</p><p><br /></p>

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