Most Americans will view China’s effort to dethrone the U.S. dollar as the world’s main reserve currency as one of the biggest economic threats that this country will have to face.

It will be a tragic event when US Dollar finally cracks – an event that will affect citizens across the world. But it will be especially dreadful for long-spoiled and unaware Americans. Your financial future is at stake. Do not be complacent.

Institutional investors have talked a lot about the so-called “yen carry trade” over the past couple of years. But that’s really just been a warm-up act for a much bigger story. I’m talking about the “yuan carry trade.”

MAOPING, People’s Republic of China – I’m often asked if there are investment risks in China.  My answer: Absolutely… there are investment risks everywhere. But it’s how you evaluate and manage those risks that will ultimately determine how well you do in this highly promising market.

I keep watching the steady march of China towards world domination, and their currency (the yuan) getting bigger and stronger until it achieves reserve status and replaces the worthless dollar; and people around the world will say, “Fooey on the dollar!” and I will get really nervous like I do every time some dirtbag country starts getting uppity like they are going to begin paying us back for the misery we have inflicted on them, and their friends, for the last century or so.

Gold had itself a real seesaw day yesterday, poking about $15 higher by the time New York opened, really taking off and rising as high as $768 in the first hour, but then encountering a steep falloff that dropped it nearly to $740 by noon, after which it edged higher again and leveled off to finish at $744.70, up $10.80 from Friday. Overnight, gold has slipped lower.

Retail sales actually went up last month – how is that even possible?…The Beige Book says the U.S. economy is ‘generally weak’… The sky’s the limit for electronic money – but not so for real wealth…America’s money is snapping back… Calling into question the U.S.’s car culture…the next big thing in the search for an energy alternative…and more!

While communist China is busy smashing protests in occupied Tibet, the country’s currency, the renminbi, is making record gains agains the US dollar.