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BLUE CAFE

America. The end of an empire?

The US has enjoyed global hegemony, not because of its superior military strength but due to its economic prowess. Now that its tactics of demanding the world buy & sell oil in US Dollars is coming unstuck, & that it's deflating dollar, once working in its favor, is now discouraging foreign investment in bonds & stock, what will become of America? What will become of the world? Are we facing a global depression? Will Europe rise as the next world Empire?
Lovely:

If the US fails economically, the world will suffer the greatest economic collapse ever. We are the machine that drives the world market.

BLUE CAFE:

And then?

Vistafied:

Hmmm. I think we are evolving, truly changing.
But not ending. Geographic location helps, barring earth changes.
However, I am no prophet...
I'm not sure any part of the world is strong enough to be an empire at this moment. Who knows about the coming years?
Disease is a current big concern along with war/oil let alone issues of food pollution and so forth.
Hang on, it will certainly not be boring.

Othman:

I LOVE IT! Boring it won't be.

Ginger:

There is an economic theory called regression to the mean. It has been going on for a long time, but seems to be accelerating.

The falling dollar is not discouraging foreign investment in the stock market. On the contrary, it makes the stocks look cheap and activity from foreign interests is increasing.

The Saudi Prince has lost a tiny fortune in Citibank; but he still had enough left over to buy an Airbus A380.

Dusty:

Good answer, ginger! : )

I-know-it:

Pretty scary question for so early in the morning here in New York. I don't think with all of the large businesses located here and the fact that we use the cheap labor in factories overseas, that we will fall that much down the scale. America hopefully will always be the place that draws the dreamers and the brave. Having said that oil is a major problem and I know this is unpopular but I think we should be drilling more here. Everyone complains about the environment but what's the difference, it's still one planet. Good question.

Othman:

Most environmental complaints are about drilling, not drilling US soil. Top priority has got to be using less of something that cannot be replaced and is damaging to the "one planet" that all of us must share.

Othman:

in my opinion. Sorry, I wasn't trying to preach.

I-know-it:

No problem, I thought a lot of environmentalists we're only concerned about the U.S. which wouldn't be fair. With all of the talk about the elections we really do need to talk about alternatives to using oil for so many things. It's something that should be bi-partisan.

BLUE CAFE:

That's a good point. Eco has no borders so why there & not here. But I like Jonny's thought in that the solution lies not in the drilling but our consumption habits.
Pulling it way back though, I think oil price is a big blade hanging over the fragile free market economy. Liberalized free markets are a bit like nitrous fuelled engines. They go top speed for a while but they burn out just as quick & are much more fragile

I-know-it:

I agree, the price of oil is truly scary and leaves us vulnerable with who we're buying it from. Why are we not getting Iraq's oil, our people are fighting and dying for their country, why no sharing?

BLUE CAFE:

Hmm, I don't think we should simply 'take their oil' simply because 'we' are fighting & dying. I'm not dying, you're not dying, but tens of thousands of Iraqis are, perhaps hundreds of thousands. The conditions they live in are so poor & have in fact deteriorated since the invasion. If we are to think of their oil for 'our blood' I think they wouldn't see it that way at all. Especially comparing the difference in living standards. Do we have electricity, do we have hot water? Do we have pipes carrying our effluent away? They did before the invasion but not now.
I think the idea of 'sharing their oil' stinks of looting & I can't imagine the Iraqis would see it any other way.

Othman:

We aren't quite falling as fast as it seems. We are an intelligent VERY hardworking set of peoples. I don't think this slump is going to be the end but either way we will learn a valuable lesson, you can't be the top dog just by saying so.

Vistafied:

Hey Jonny, nice to meet you.

Othman:

Pleasure's all mine.

Dusty:

Dear Johnny The,
This country, as the world, is filled for the most part with people of IQ's equalling approximately 100. A majority of the world has just average intelligence.

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