http://www.globalresearch.ca/index.php?context=va&aid=10420
Back at the United Nations, Germany's Finance Minister Peer Steinbuck echoed similar sentiments when he said:
“The United States is solely to be blamed for the financial crisis. They are the cause for the crisis and it is not Europe and it is not the Federal Republic of Germany. The Anglo-Saxon drive for double-digit profits and massive bonuses for bankers and company executives that were responsible for the financial crisis.”
He added,"The long term consequences of the crisis are not clear. but one thing seems likely to me; the USA will lose its superpower status in the global financial system. The world financial system is becoming multipolar."
Steinbuck was merely reiterating the feelings of Chancellor Angela Merkel who used more diplomatic language in her critique:
“The current crisis shows us you can do some things on the national level, but the overwhelming majority must be agreed to on the international level. We must push for clearer regulations so that a crisis like the current one cannot be repeated.”
Merkel knows that Europe was blindsided by America's deregulated system which allows fraudsters and scam-artists to rule the roost. Even now--in the middle of the biggest financial scandal in history--not one CEO or CFO from a major investment bank has been indicted or dragged off to prison. US markets are a lawless "free for all" where no one is held accountable no matter how large the crime or how many people are hurt. But there's a price to be paid for fleecing investors, and the US will pay that price. Already, the purchase of US Treasurys has slowed to a crawl. In the coming months, America's life-support system will be disconnected altogether and the oxygen tent removed. Kissinger's protege is not worried about that; but working class American's should be. There's a train wreck just ahead and many people will suffer needlessly.
This is how Spiegel Online puts it:
"The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing....This is no longer the muscular and arrogant United States the world knows, the superpower that sets the rules for everyone else and that considers its way of thinking and doing business to be the only road to success.
A new America is on display, a country that no longer trusts its old values and its elites even less: the politicians, who failed to see the problems on the horizon, and the economic leaders, who tried to sell a fictitious world of prosperity to Americans....Also on display is the end of arrogance. The Americans are now paying the price for their pride." (Spiegel Online, "America loses its Dominant Economic Role")
Both presidential candidates have vowed to continue the unilateralist Bush Doctrine. Obama is just as eager as McCain to violate sovereign borders, invade countries that pose no imminent national security threat to the US, and carry out the many flagrant violations of international law as long as they serve the interests of western mandarins. But it's not up to the politicians anymore. Change is coming; the unipolar moment has passed. As the financial crisis deepens, America's ability to wage war will steadily erode as capital and resources dry up. Its only a matter of time before the war machine sputters to a halt and the troops return home. When the killing stops, a truly new world order will begin.
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