Korean Job Discussion Forums

sojourner1 · Posted: Mon Sep 22, 2008 7:34 pm Post subject:

Yes, there was a time when England and Spain were considered super power nations like how the USA has been considered since it flexed it's muscle in WW2. I sure hope it's not going to take military action for another country to prove it's the super power like how the US did and still does. That would be scary if China flexes it's military muscle to prove it's the new global super power.

If we piss them off, then it will be and getting our butts kicked is less than ideal. When we stop buying all their crapola, then they will be hating on America.

I do believe it's true that America's days of being the global super power where it's dollar on Wall Street is the center of the world in business and finance are almost over. Needless to say, it's disappointing how things are going as it could had been just fine if we had responsible and accountable leadership. Someone needs to be held accountable for how the American people and world are being wronged. History does indeed repeat itself.

aka Dave · Joined: 02 May 2008 Location: Down by the river

To be honest, I don't care about the "America ruling the world" meme because, when it comes to real people's daily lives (except for those in the military), it's almost totally irrelevant.

However, as this financial beast grows and grows, I'm really beginning to get nervous. The great depression was not a one/two day affair where all of a sudden everyone KNEW it was a depression. It developed over time.

It does have upside - the dollar dropped 2 PERCENT against the Yen and 2.5 percent against the Euro in *one day*. That's huge. Gold is way up (Whoever said buy gold on the board last week is a genius. I actually agreed but was too lazy to go out and do it. I'm essentially conservative with my money) So is oil. That is commodoties are up. People are hording.

I could go on but this guy explains the situation better.

http://dailykos.com/storyonly/2008/9/23/1481/38443/246/606905

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

Axiom · Joined: 18 Jan 2008 Location: Brisbane, Australia

[quote="mises"][quote]
How Congress Intends To Waste $1.8 Trillion

The size of the bailout is growing by leaps and bounds. Inquiring minds are asking A $1.8 Trillion Bailout: Where the Money's Going?
[i]

�$4 billion in grants to local communities to help them buy and repair homes abandoned due to mortgage foreclosures.

There you go 4 billion for the little people