China IS the next world financial power. Their economy will dwarf ours in 15 years or so... And, they create value. Europe will experience a resurgence, briefly but nothing sustainable, since India and China are the bases where new economic realities merge with education and technology to create value. Going forward, the U.S. economy must begin to create value if it is going to compete. Once this inflation bubble bursts, we may find ourselves swimming upstream for a while...