Eventually,china,the phillipines,etc. will show the same decline,making their emerging economic power temporary with an end on the horizon before it even begins. A bigger concern is the repatriated money-such as you mentioned in the phillipines-and mexico,much of latin america,etc. These are signifanct losses to the US market that will influence future events,and should be,in my opinion,more heavily weighed and accounted for than internal numbers of ‘new middle class with buying power’,etc.

However,new economies,based on new interests,will eventually take hold in the world. When that happens,as it already is developing,many will still be glancing and counting based on the old system,and those on the forefront will not panic as old systems fall.

A recurring theme through sovereign man posts is this ‘invest when things become unstable somewhere else (besides your own country).’ It’s interesting b/c many seem tow ant to find that ‘perfect place’,but in reality,chasing waves of instability will always be temporary-and that is the point-it’s a game and you win by not being too attached to wins and loses,but paying attention to the events,and taking action accordingly. My two cents.

Slightly off topic. I will be traveling to Uruguay in late October. Do you have any info in regards to Capital Conservator or similar entities? Thanks.