Has the new currency arrived

It has been long since we have been talking about the great depression, recession etc. The $ currency which was at the center of every countries reserves, might have slowly started slipping. US deficit has been a concern of all the major countries, do we have an alternative. The head of world bank has been talking about Yuan as the new currency. Is it good for the world as a whole, and is it good for China. I believe it is, the western countries have been contracting and once open economies have started closing down. For the obvious reasons that, if people in a country are job less you can't export your jobs. What are the advantages for the world, and in general to China if it's currency starts appreciating.
Since the so called developing countries are opening up slowly but surely, it has 3 fold impact. 1st China has a huge market for consumption, hence having a stronger Yuan will surely help. 2nd we will have a new currency in the basket of currencies which is quite strong. 3rd every country will have a fair chance of competing with China, if the China stops having a strong hold on its currency from appreciating.

The Eye Wash

We have heard of different kind's of washes, the hand wash, the body wash and then the eye wash. In India eye wash is very prevalent. A year ago the 2G spectrum allocation scam happened. After a year the CBI thought of investigating and started raiding offices of Telecom ministry. How come they came to their senses after one complete year, after all the evidences have been done away with. It has been a month since the investigations started, no idea where it is heading. As per the article below, it cost the exchequer Rs.22,000 Crores. People who were responsible for it are at large.

http://economictimes.indiatimes.com/news/news-by-industry/telecom/Spectrum-allotment-CBI-searches-on-at-19-places-Opposition-guns-for-Raja/articleshow/5153852.cms

Never mind the Indian public as always will do the usual 'forgive and forget' or should i say have already forgotten.

The Recycle bin

What is a bubble, technically bubble means “A thin film of liquid inflated with air or gas”. In the economic sense, bubble means too much money chasing too little thing, to the point that a small incident can burst it. Today we have seen the creation of bubble in terms of i-banks being shut down, due to sub-prime. Are we having such kind of bubbles today existing waiting to be burst? We might have bubble being formed once again since the Chinese are holding enormous amounts of US $ reserves. This is the state of doing the same things time and again, called the recycle bin effect. Toooooo much money following toooo little opportunities. Read on the below link for more details.
http://economictimes.indiatimes.com/What-are-the-stakes-in-the-US-China-yuan-tussle/articleshow/5192173.cms
Solution, use your economic timing sense like India did recently to invest in gold. Which makes an already weak $ go even more bleak, making other commodities more precious. As the link below indicates.
http://www.voanews.com/english/2009-11-06-voa20.cfm