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09-18-2008, 02:59 PM
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Destroyer of Limbaugh Loonies & F#x Fools
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Join Date: Oct 2006
Location: Capitalism is Cancer
1,453 posts, read 926,791 times
Reputation: 670
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US, Welcome to the Third World
Hey U.S., welcome to the Third World! - Los Angeles Times
It's been a quick slide from economic superpower to economic basket case.
Rosa Brooks
September 18, 2008
Dear United States, Welcome to the Third World!
It's not every day that a superpower makes a bid to transform itself into a Third World nation, and we here at the World Bank and the International Monetary Fund want to be among the first to welcome you to the community of states in desperate need of international economic assistance.
[mod cut: copyright law violation]
Last edited by SandyCo; 09-18-2008 at 05:13 PM..
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09-18-2008, 04:30 PM
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Depression 2.0 coming to a street corner near you.
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Join Date: Nov 2007
Location: America
5,119 posts, read 3,553,891 times
Reputation: 914
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3rd world, that's a bit much. We will join the rest of the developed world though i.e. most of Europe. Our standard of living is definitely going to take a downward turn.
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09-18-2008, 05:21 PM
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Senior Member
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Join Date: Sep 2007
Location: Great State of Texas
11,330 posts, read 4,254,490 times
Reputation: 2304
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Well we won't be top dog anymore..but we won't be on the bottom of the heap..not by a long shot.
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09-18-2008, 05:51 PM
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Having All The Fun I Can Stand
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Join Date: Mar 2008
Location: Rhode Island
936 posts, read 597,107 times
Reputation: 898
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Quote:
Originally Posted by Wild Style
3rd world, that's a bit much.
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Got any bananas for sale? Anybody?  |
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09-18-2008, 06:30 PM
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Junior Member
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Join Date: Sep 2008
Reputation: 11
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This probably means a global shift of wealth with Asian economies being the likely beneficiaries.
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09-18-2008, 06:45 PM
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Destroyer of Limbaugh Loonies & F#x Fools
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Join Date: Oct 2006
Location: Capitalism is Cancer
1,453 posts, read 926,791 times
Reputation: 670
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Quote:
Originally Posted by Richard Lyon
This probably means a global shift of wealth with Asian economies being the likely beneficiaries.
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A shift of wealth & power to Asia and as oil goes up, to Russia, Saudi Arabia, Iran, Iraq, Venezuela. Oh sh111111111111111111111111111t!  |
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09-18-2008, 08:02 PM
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The land of bougainvillea, citrus and palm trees
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Join Date: Jun 2007
Location: Mesa, Az
18,913 posts, read 9,493,869 times
Reputation: 2544
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Quote:
Originally Posted by geos
A shift of wealth & power to Asia and as oil goes up, to Russia, Saudi Arabia, Iran, Iraq, Venezuela. Oh sh111111111111111111111111111t! |
I think not.
Note that OPEC shot itself in the foot with the very high oil prices and, if anything, the demand for the stuff has dropped over 5% compared to a year ago.
Face it: OPEC is 'screwed' if crude prices crash much further.
With the exception of Russia; none of the OPEC producers are any sort of a world power...........take away their oil they are nothing. |
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