Superpower no more?

[MontereyVol]

And it begins, Rome burns, Nero plays his violin and our 'allies' start the power grab.

U.S. losing financial superpower status: Steinbrueck

By William L. Watts, MarketWatch
Last update: 6:18 a.m. EDT Sept. 25, 2008Comments: 231LONDON (MarketWatch) -- Germany's finance minister on Thursday laid the blame for the global banking crisis on the Anglo-American free-market model's quest for ever-higher near-term profits, predicting the United States would soon lose its role as the world's dominant financial power.
"The U.S. will lose its status as the superpower of the global financial system, not abruptly but it will erode," Finance Minister Peer Steinbrueck told the lower house of Germany's parliament in Berlin, according to published reports. "The global financial system will become more multi-polar."
Steinbrueck criticized the United States for failing to adequately regulate investment banks and said free-market policies embraced by the United States and Great Britain that emphasized a short-term "insane drive for higher and higher profits" were partly to blame for the crisis.
"Wall Street will never be what it was," he said.
The finance minister said he would push for a global ban on speculative short selling and would use next month's meeting of the Group of Seven finance ministers and central bankers in Washington to press for new rules that would prevent banks from fully securitizing loans and selling them to third parties.
Steinbrueck said U.S. authorities were late in undertaking rescue efforts, but said he welcomed the decision to attempt to bail out only organizations whose collapse would threaten the world financial system.
He repeated that he felt there was no need for Germany or Europe to echo the U.S. Treasury's proposal to spend around $700 billion to buy up toxic assets from distressed banks' balance sheets, saying the financial crisis is largely an "American problem." The minister warned, however, that the fallout from the crisis would make for lower growth in the near future and eventually impact the labor market.

U.S. to lose financial superpower status: German finance minister - MarketWatch

 

[Vol Mania 21]

In the Bible you know we aren't listed as a super power. i'm not saying the world is about to end, just saying that it's interesting

 

[MontereyVol]

In the Bible you know we aren't listed as a super power. i'm not saying the world is about to end, just saying that it's interesting

You know, people have been saying they live in the end times since Jesus left.

 

[Vol Mania 21]

Again I didn't say the world is about to end, nor do I believe that it will end anytime soon

 

[volmanbill]

Maybe the rest of the world will stop expecting the US to bail them out when something (natural disaster, war, etc...) happens.

 

[BigPapaVol]

his analysis of the problem is dead wrong. Sounds like a socialism propaganda speech, and nothing more.

 

[MontereyVol]

I was thinking these guys have never been able to keep the role of economic superpower so China would probably yank it out from under them when they are celebrating and popping the champagne.

 

[TennTradition]

I opened this up expecting another 'Fire Phil' thread....

 

[BigPapaVol]

I opened this up expecting another 'Fire Phil' thread....

give it time (especially after the huge step you just made).

 

[MontereyVol]

Would it have helped if I said Hyperpower?

 

[TennTradition]

give it time (especially after the huge step you just made).

I do what I can, yo.

 

[IPorange]

In the Bible you know we aren't listed as a super power. i'm not saying the world is about to end, just saying that it's interesting

It also didn't mention cars, planes, computers, the EU,cancer, pencil sharpeners, house cats, sea cucumbers, English, toupees, toothpicks, lollipops, soda, submarines, or the Tennessee Volunteers. I don't think you can draw too many conclusions from things NOT in the bible.

 

[MontereyVol]

I believe it does mention the Tennessee Volunteers.

 

[BigPapaVol]

We should clearly fire Fulmer.

 

[JZVOL]

You know, people have been saying they live in the end times since Jesus left.

And they are all correct.

 

[MontereyVol]

And they are all correct.

So.... when and where did the Ezekiel prohecy happen or take place?

 

[utvolpj]

It also didn't mention cars, planes, computers, the EU,cancer, pencil sharpeners, house cats, sea cucumbers, English, toupees, toothpicks, lollipops, soda, submarines, or the Tennessee Volunteers. I don't think you can draw too many conclusions from things NOT in the bible.

it also didn't say anything at all about momma, or trains, or trucks, or prison or gettin' drunk.

(sorry that was my first thought when I read you post )

 

[BigPapaVol]

it also didn't say anything at all about momma, or trains, or trucks, or prison or gettin' drunk.

(sorry that was my first thought when I read you post )

Well, I was drunk, the day my momma got out of prison,
and I went to pick her up, in the rain
but before I could get to the station in my pickup truck,
she got runned over by a damned ole train.


how's that?

 

[Chemvol]

Well, I was drunk, the day my momma got out of prison,
and I went to pick her up, in the rain
but before I could get to the station in my pickup truck,
she got runned over by a damned ole train.


how's that?

Now that's the perfect VN post. :good!:

 

[Plano Vol]

.....and the strains of Quadrophrenia ring true....."your axe belongs to a dying nation, breathe the air we have blown you"