US superpower status is shaken

[Harj Cohen]

The financial crisis is likely to diminish the status of the United States as the world's only superpower.

"The era of American global leadership, reaching back to the Second World War, is over... The American free-market creed has self-destructed while countries that retained overall control of markets have been vindicated."

"In a change as far-reaching in its implications as the fall of the Soviet Union, an entire model of government and the economy has collapsed.

"How symbolic that Chinese astronauts take a spacewalk while the US Treasury Secretary is on his knees."

India has huge internal contradictions, secularism.

The US is a resilient nation it will bounce back

news.bbc.co.uk/1/hi/business/7645743.stm

[punkra2000]

nigg

the unchecked ability of the federal reserve to print currency is a the heart of the meltdown

they are applying band daidh on a stab wound...inflicted by lack of manufacturing

the only cure:

raise tarifffs on products imported from countries like china thereby making it feasible for industry to return deomestically....however...the consumer is under mountains of debt that china has been the beneficiary of

move to canada perhaps?