This is not the first time we are hearing doom-gloom scenarios. ALthough India and China will propspor nicely, they have huge problemn in front of them. How these countries are feeding 1/3 of the world population with 1/20th of the world resources. Although argument can be made that US will suffer same consequences as 19th century Europe, the reality is quite different. US and Russia are sitting on top of half the woorlds unexplored resources including Oil. Which means these countries can churn for quite long and countries like India and China suffer due to water, environment and Resource crunches. Ups and downs of the dollar is not new. Actually dollar was much weeeker early 70's and early 90's. It is all part of economic cycles. Ultimately the country which will have open economic policies will do much better than country with socialistic business model.
