[deMolay]

They then call for Rich countries, code for the Western Countries to extend stimulus to 3rd world countries. How is that going to happen. The EU is broke, the US is broke, Australia is broke, etc. I think they should pressure the Chinese and the Saudi's to open the spigot. The fact is I think a die back will commence very soon. These people who live an elite lifestyle dishing out taxdollars are going to become an endangered species themselves. http://www.iht.com/articles/2009/03/08/ ... s/econ.php

[patience]

I'm afraid the poor countries are going to be on their own, with protectionism running rampant soon. Globalization was not the best idea from the start, IMHO, and the furious pace of expansion and shifts inside poorer countries will make the fallback harder on them. All those Chinese who moved to the industrial cities don't have much to go back to, and nothing where they are when their job goes away.

With the spoiled populations in the richer places clamoring to maintain their status quo, politicians bent on retaining the position of power will look first to appeasing their constituents, and relegate foreign aid to history.

[TWilliam]

$this->bbcode_second_pass_quote('patience', 'I')'m afraid the poor countries are going to be on their own, with protectionism running rampant soon. Globalization was not the best idea from the start, IMHO, and the furious pace of expansion and shifts inside poorer countries will make the fallback harder on them. All those Chinese who moved to the industrial cities don't have much to go back to, and nothing where they are when their job goes away.

With the spoiled populations in the richer places clamoring to maintain their status quo, politicians bent on retaining the position of power will look first to appeasing their constituents, and relegate foreign aid to history.

[mos6507]

$this->bbcode_second_pass_quote('TWilliam', '
')"Foreign aid" is more often than not a polite euphemism for "capitalist exploitation".

[jupiters_release]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('TWilliam', '
')"Foreign aid" is more often than not a polite euphemism for "capitalist exploitation".

[TWilliam]

$this->bbcode_second_pass_quote('mos6507', 'C')are to elaborate?

[Ferretlover]

$this->bbcode_second_pass_quote('', 'W')orld Bank Issues Dire Warning On Global Economy

[Ludi]

$this->bbcode_second_pass_quote('mos6507', '
')Care to elaborate? At what point should countries that have reached the level of Soylent Brown be expected to stand on their own two feet?

[TWilliam]

$this->bbcode_second_pass_quote('Ludi', 'T')hey are expected to conveniently die.

[deMolay]

If you add up all that is owed as debt, the amount is staggering. Some estimate that the EU debt alone is 25 Trillion dollars. I have seen some estimates of US debt of 100 Trillion. Then articles about derivatives collapsing with numbers like 700 Trillion. Add in world drought forecasts for this year. I can't see how western countries can feed the 3rd world anymore. Or supply aid as they have since the ww2. The Green Revolution of the USA fed the world for decades that window is now closing as well. In my opinion it looks like we will see a major die off starting most likely with the 3rd world.

[Ludi]

$this->bbcode_second_pass_quote('TWilliam', '
')You are very likely going to learn the hard way that charity and largesse, and the liberal idealism that drive them, are largely a product of surplus

[TWilliam]

$this->bbcode_second_pass_quote('Ludi', 'N')o doubt. Just don't YOU come around here, because I will kick you in the balls, or shoot you. But I will by no means help you, TWilliam.

In other words, fuck off.

[deMolay]

Pretty harsh Ludi.

[TWilliam]

$this->bbcode_second_pass_quote('deMolay', 'P')retty harsh Ludi.

[hironegro]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('TWilliam', '
')"Foreign aid" is more often than not a polite euphemism for "capitalist exploitation".