Thread: US dollar in decline, what are your thoughts?

The American economy is in quicksand. Currently, they are in a vicious cycle where the only way to keep the economy going is by getting Americans to spend even more money they do not have (hence the 8.6 trillion dollar national depth and the mortgage-market problems and such). However, the longer they keep pushing economy to the limit, the worse the -not if by when- collapse of the dollar will be for America. I do understand why it is happening this way, thinking long-term doesn't matter for the people that control the economy. Either their time in office is over so it doesn't matter to them, or if they aren't politicians but just ultra-rich stock-brokers, a regression probably wouldn't hurt them at all, probably it give them even more nice business opportunity.

Thus, the dollar will keep dropping as it has the couple of years, and I hope that Europe will have a nice period of being the wealthiest before inevitably Asia will become the long-term dominant force in the world, replacing what America has been the last 30 years. Asia, that by the way are making a good profit of lending America the billions, or actually trillions of dollars it spends but doesn't have.