US economic dominance over - Russia

[inanna]

Source: The Australian

THE era of US global economic dominance is over and the world now needs a new and "more just" financial system, Russian President Dmitry Medvedev said today.

"The time of domination by one economy and one currency has been consigned to the past once and for all," Mr Medvedev said in an address to a Russian-German development forum, with German Chancellor Angela Merkel at his side.

"We must work together towards building a new and more just financial-economic system in the world based on the principles of multipolarity, supremacy of the law and taking account of mutual interests."

The current crisis proved that even with its vast economic resources the United States was not in a position to play the role of "mega-regulator" and that a new system based on collective management was needed, he said.

Read more: http://www.theaustralian.news.com.au/story/0,25197,24437897-12335,00.html

[ixion]

1. very well timed

Russia is in the catbird seat. They've got oil, a manufacturing industry, and an open land route to Asia and Europe.

Interesting times, indeed.

[AndyA]

2. Thank you George W. Bush and the Republican Party.

You've done so much over the last 8 years.

If any of you had any shame, you'd not show your face in public ever again. But you don't.

I hope this election sends all of you running to your closets, lying on the floor in the fetal position sucking your thumbs, waiting for the indictments to show up.

[tama]

11. It's often evident

that Democrats are not less imperialistic than Republicans.

[markevil]

3. Russians

This guy is still ordering overt assassinations, illegally invading sovereign nations, and economically waging war against his own people....oooops never mind..

[ixion]

4. and that's different from the US in what way?

we, and most any other nation-state, practice precisely the same thing.

[markevil]

5. my point exactly

It's hard to fault them when your guilty too.

[ixion]

6. yep, you're right...welcome to DU!

:toast:

[markevil]

7. Thank you .....

Kinda addicting though....Seem to be getting all my news here lately.

[tismyself]

9. me too

I get my "American news" here on DU, otherwise, I read the news as the rest of the world reports it.

[NeoConsSuck]

14. Don't forget the sarcasm tag or icon

and welcome to DU !!

[Monk06]

8. Mr Bush, tear down this Wall ... Street

[Habibi]

10. No shit, Sherlockski!

[Javaman]

12. Meh, russian oil fields have been in decline month over month for the last 9 months...

they will be joining us soon enough.

[melody]

13. I hate this damned global pissing contest

Who cares? We should focus our own energy on helping our own people not worrying about crap like this.