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Germany's Finance Minister Peer Steinbuck at the United Nations

The New American Century; Cut short by 92 years
by Mike Whitney, October 3, 2008
Wall Street bailout
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.

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.