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Old 09-18-2008, 02:59 PM
 
Location: state of enlightenment
2,404 posts, read 4,861,652 times
Reputation: 2482

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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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Old 09-18-2008, 04:30 PM
 
Location: America
6,993 posts, read 16,058,677 times
Reputation: 2083
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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Old 09-18-2008, 05:21 PM
 
Location: Great State of Texas
86,068 posts, read 76,935,416 times
Reputation: 27653
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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Old 09-18-2008, 05:51 PM
 
Location: Backwoods of Maine
7,320 posts, read 9,043,030 times
Reputation: 20128
Quote:
Originally Posted by Wild Style View Post
3rd world, that's a bit much.
Got any bananas for sale? Anybody?
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Old 09-18-2008, 06:30 PM
 
2 posts, read 3,647 times
Reputation: 11
This probably means a global shift of wealth with Asian economies being the likely beneficiaries.
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Old 09-18-2008, 06:45 PM
 
Location: state of enlightenment
2,404 posts, read 4,861,652 times
Reputation: 2482
Quote:
Originally Posted by Richard Lyon View Post
This probably means a global shift of wealth with Asian economies being the likely beneficiaries.
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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Old 09-18-2008, 08:02 PM
 
Location: Mesa, Az
21,146 posts, read 38,819,300 times
Reputation: 3830
Quote:
Originally Posted by geos View Post
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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