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US to Lose Financial Superpower Status: Germany
Reuters
Thursday, Sept 25, 2008
Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.
In some of the toughest language since the crisis worsened earlier this month, German Finance Minister Peer Steinbrueck told parliament the financial turmoil would leave “deep marks” but was primarily an American problem.
“The world will never be as it was before the crisis,” Steinbrueck, a deputy leader of the centre-left Social Democrats, told the Bundestag lower house.
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“The United States will lose its superpower status in the world financial system. The world financial system will become more multi-polar.”
Steinbrueck, whose efforts to secure greater transparency on hedge funds during Germany’s G8 presidency last year collapsed amid objections from Washington and London, attacked what he called an Anglo-Saxon drive for double-digit profits and massive bonuses for bankers and company executives.
“Investment bankers and politicians in New York, Washington and London were not willing to give these up,” he said.
He proposed eight measures to address the crisis, including an international ban on “purely speculative” short-selling and an increase in capital requirements for banks in order to offset credit risks.
The collapse of U.S. investment bank Lehman Brothers and financial woes of other financial institutions like insurer AIG have prompted the U.S. government to propose a $700 billion rescue package for the country’s financial sector.
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14 Responses to “US to Lose Financial Superpower Status: Germany”
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September 25th, 2008 at 5:59 am
Ha!
Don’t accept this tongue lashing by the Germans. They only have themselves to blame.
They accepted the Maastricht treaty and the idiot Merkel went along with the Lisbon treaty.
Multipolar?!
Ya right. How about monopolar?
Ha! Anybody question this as a WORLDWIDE financial crisis yet? Or do you think your monetarist country is special?
We are either heading towards a WORLDWIDE New Dark Age run by the “Lordship” or we are heading towards a new beginning for mankind, run by truth and scientific discovery.
September 25th, 2008 at 6:37 am
In 1994 David Rockefeller stated, “We are on the verge of a global transformation. All we need is the right crisis and the nation will accept the NWO.” I think that event might have happened!
The money changers control all governments and run the world. Governments are used as a diversion. We must free ourselves of these world bankers and re-establish a debt free stable economy if we are to survive. Make no mistake. these are evil, despicable demons who have no limits on their treachery. Thank you Alex for all your hard work.
September 25th, 2008 at 8:30 am
where has patriotism gone? They have taken the wealth out of the country. We need to nationalize the Fed.
September 25th, 2008 at 8:50 am
We are nearing the time when we need to hit the streets in a global revolt.
We must resist these tyrants who play games with human life and destroy them.
September 25th, 2008 at 9:08 am
Mmm…let’s see here, maybe we can trace the history of where America went wrong.
America gives J Lo a lot of money for her mediocre music and acting talent.
J Lo buys up a bunch of Walmart. America kills its soul over the course of many years shopping excessively at walmart.
Now America has a bunch of cheap clothes and plastic crap and NO MONEY.
And yet J Low lives like a fake Queen in her mansions.
America gets poor and starts rioting. Ooops…J Low’s house looks real good to the looters. J Lo has to flee the country and looses a lot of her money and status.
Then J Lo gets cancer and America gets taken over by the Chinese.
Happily EVER AFTER!
September 25th, 2008 at 9:32 am
The Glass-Steagall Act of 1933. Was made to Prevent a situation like this. Gramm-Leach-Bliley Act of 1999 made all this possible to happen. The GLobal Agenda 2k is in full swing and we will all soon be begging for food.
September 25th, 2008 at 10:47 am
Once again, history is repeating itself in this current financial crisis.
When JP Morgan made the false claim that the banking industry was failing, causing the run on the banks by the people, who benefited from this???
Just like the Rothchilds, and how did they gain control of the English markets?
Look at Buffett, purchasing 12-15 billion for only 5 Billion???
This is their way of eliminating the middle class and if we don’t do something soon, life as we know it will be no longer.
Thank you Alex for everything that you do. I can’t wait to see if we can get you to the Seattle area.
September 25th, 2008 at 11:19 am
When finance capital makes a ruin of its own system, and the workers and their allies in the small-business, rural, and artisan classes don’t rise up to create institutions to replace those of the industrialists and bankers; fascism emerges to fill the void. It is the last ditch effort of dying capitalism in its decadence – an act of desperation, not a well-conceived plan of a supra-national hierarchy.
September 25th, 2008 at 4:39 pm
Jewnited States must die.The empire of lies and hatred.
September 25th, 2008 at 7:06 pm
And here we have the Jews ruining yet another country. Anyone get this Jew propaganda movie “obsession” in the mail?
September 26th, 2008 at 10:44 pm
i hope all the jew-hating (better term than anti-semitism) on here is just disinfo agents deliberately trying to damage the truth movements reputation, and NOT an accurate representation it…
September 27th, 2008 at 9:55 am
hi, first thanks for informations. it is a worldwide crisis, caused by worlwide financial structures. so it is senseless, to blame the germans or the americans (specially the people!) for this crisis. “they” work worldwide, and my opinion is, that they want exactly this: we here in germany/europe should blame the americans, and you in america should blame the europeans/germans. isn’t it caused by international working people? isn’t it better to blame the geer and unhumanity of these people. they don’t care, if you are american or german. i think, “they” are laughing, when they see people blaming eachother. its a problem between poor and rich, mighty and not-migthy, good and bad, but not american against german or russian or chinese people or whatever. steinbrück, merkel or bush are only marionettes, often they don’t know, what is going on, specially in financial problems. steinbrück says, the american bankers have caused the problem, and at the same moment bush trys to blame the world, when he says things like: all the time, the money went to america, now suddenly it stopped (just the sense, but sounds to me: now the world causes this crisis). its also not a religious problem with the theme jews or not-jews. i just want, that anyone takes care, whom to blame.
September 27th, 2008 at 10:08 am
They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason
http://www.youtube.com/watch?v=uw5dP5gy2Vs
September 27th, 2008 at 9:49 pm
America heading towards 3rd world country status. Sounds great to me. Now the rest of the world just needs their miliary complex to follow the country down the gutter and the world might actually start advancing. I wouldnt mind a NWO. But not with America having any influence in it. A country that elects the son and grandson of a Nazi war criminal to the Presidency deserves to die a quick death. Its not happening fast enough for my liking. Id like to see the whole country under water tomorrow. Im actively willing and praying for its demise.