Monday, October 13, 2008

Look at this story:

It was posted on 13th October and is almost a copy of the story we wrote 4 days ago on 09 October (see LNR Story below: “America’s Global Strategic Losses”) We can’t stop saying it, why read this story on Yahoo- on October 13th when we already gave the you the same story- and more – four days ago ! Read LNR to get the news of tomorrow- today.

Banking crisis challenges US superpower status by Luis Torres de la Llosa Mon Oct 13, 10:56 PM ET NEW YORK (AFP) –picked up by Yahoo News.

This is hotly denied by many who point out the country's role as the world's most dynamic economy and preeminent military force. But US foes say a dramatic shift has already happened and even some allies suggest the time is coming.
Doomsayers point to the costly and unending conflicts in Iraq and Afghanistan, the worst financial upheaval since the depression of the 1930s, and a crisis of confidence in politics and the domestic economy with few parallels.
Countries like Iran and Venezuela gleefully pronounce the end of "the empire," while Russia trumpets the coming "multi-polar world" in which emerging giants like China, India and Russia itself will hold sway.
Even Peer Steinbruck, the German economy minister, broke ranks last month, saying: "The US will lose its financial superpower status in the global financial system."
A similar warning was sounded recently by British political philospher John Gray, who wrote in The Observer that the world is witnessing "a historic geopolitical shift in which the balance of power in the world is being altered irrevocably."

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