John

I totaly agree with your analyses of the USD situation,but please bear in mind that the economical situation in Europe is pretty bad as well.What counts here is many feel that a "recovery"in the US will take place at a much faster rate than in Europe.Afterall the US is not paying for its unemployed and the Europeans do.So right or wrong many here feel the USD still has room to move higher against the Euro.Also bear in mind that at the moment there is not such a thing as one Europe,in their panic most European countries go for their own thing so there is no coherent action taken.This also puts a lot off pressure on the Euro and the Euro sceptics see their chance to Question the validitie of the system.

China i cannot judge but it seems to me thet their only chance to get out of their long position USdollars is to invest these dollars in sound businesses and COMMODITIES wich in the end we all know they will need in hudge amounts.

So I stay long and strong in the discovery of the (be it still young )century:ROF.

With highest regards,

INCA.