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Originally posted by RedmikeThe US's financial policies and their underlying ideas and theories are based on the assumption that the US are and always will be the leading and far most strongest economic power of the world. They should face however the consequenses resulting from the rise of the EU and the Asian tigers. I sincerely hope that they will not need a very disruptive and for them and the world destructive wake-up call to finally realise the situation they ( ... and we all ) are in.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml
Looks like the US's apparent global supremacy is on thin ice.
"US markets join global recovery
Global stock markets have recovered some ground from last week's sharp falls, after central banks moved to ease fears of a world credit crisis. .... Analysts say they do not yet know the scale of the problem ..... "
http://news.bbc.co.uk/2/hi/business/6943083.stm
Originally posted by der schwarze RitterLet's see what our inhouse socialist, Amaurote, who thinks the UK NHS is the best in the world has to say about it.
Here's hoping the UK overtakes us:
http://www.thisislondon.co.uk/news/article-23408152-details/The+hospital+kitchens+that'll+make+you+sick/article.do
Originally posted by RedmikeWhen you run $400 billion a year deficits to finance $1 Trillion dollar tax cuts, a country has no choice but to beg other countries to lend them the money as the US has done on a ridiculous scale since the Republicans took office.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml
Looks like the US's apparent global supremacy is on thin ice.
If I was Iran, N. Korea, Syria etc I'd forget about trying to obtain nukes to keep the US outta my country. I'd be buying US treasury bills and debt issues. Then threaten what China and Japan do every time the US puffs up its chest and makes "demands".
If you can't beat em militarily, beat em financially is the new motto