No...I dont think it is a US domination plan. And did you just say I was part of the British Empire?

Update ... ( you 15 year olds who dont like bad news , dont read this )
It wont make sense to you anyway since you live off your parents.
The rest of you, dont hate me for the warning. If you have any money left in the bank, take it out and buy Gold. ( and then hold on to it yourself ) Thats your only shelter.  << word >>

Lets talk (World) development ...
Tonite Germanys 2nd largest lender/bank is on the verge of collapse.
Hypo Real Estate had its own "bailout" package fall thru the floor as lenders pulled out of the deal.
This is particularly scary as Germany has always been a stable economy in finance and banking.

http://www.msnbc.msn.com/id/27023960/     article here

The reason is that as loans of a financial company lose value because of underpayment, company executives must write down the asset side of their balance sheets and at the same time reduce their shareholder equity on the liability side. Banks are allowed to lend only in proportion to their shareholder equity, so as the equity becomes thinner, banks are less able to lend money to make a profit.

Sophisticated customers then see that the banks are in precarious condition and make withdrawals. And so to satisfy those requests for withdrawals, banks are forced to liquidate more assets at distressed prices, prompting further reduction in shareholder equity. Yow! This process is then repeated in a vicious cycle until shareholder equity goes to zero and the company becomes insolvent. So long, banko.

This thing is just gaining momentum, people, and i dont think many regular folks outside of nerd economists like me even have a grasp of whats comming.
It wont by any means be held within borders, anyones borders.
This is the most frightening set of events the modern world has ever experienced.
People need to plan starting now.
Plan on stuff like storing bottled water, rice, things that dont spoil easily... guns, ammunition, things that you can use to defend yourself and your family with.
Shortwave radios and transmitters, the knowlege to use them...
Im serious. 
Laugh at me, because you will be crying for people like me to save your asses when it gets bad.
Ive got some acres in Arkansas , remote and out of the way of large metro areas... i plan on going there if the time arrises where things are so bad the government cant maintain order any longer.
California is about to go broke if it cant get short term loans to cover basic neccesities such as Police, Fire departments, and other important public services such as WATER.

http://www.msnbc.msn.com/id/27006906/   check that out. Unprecedented.
Governor is begging the US treasury for help .. Unbelievable !!  Freeking Unreal.

Oh, wow , heres Massachusetts in the same boat , the two most liberal states in the union going Kaput!   http://www.foxnews.com/story/0,2933,432841,00.html  I love the part where it says "Federal officials have not responded to his request" ...
wonder if those federal officials have crapped their underwear yet?

I may be early, but Im not stupid.
Imagine California without Police ...  then imagine being stuck there with no Police ...
Way scary. If california is that close to being bankrupt and  non-functional, the rest of us arent far behind.
Do we think that martial law imposed by the military can maintain order? LOL !!!!!!
what military ????  Not ours, Buddy !
Everyones just coasting along still, but airplanes do that when the engines quit. Then what happens ?
Be prepared people, the rides going to get rough.

Theres only two (2) major lending institutions left standing in this country (Wells Fargo and Citi-group) after the all the bank collapses this month. Two months ago there were 6.
Wachovia just went bankrupt last night and is being fought over by the remaining two vultures mentioned above.

Credit is frozen right now. You cant even get a loan to buy a new truck right now, no matter what credit you have. ( unless your net worth is big enough to cover the cost, no loans, nada)
Few Farmers are going to be able to get the loans this year to replant for next season.
They have always gotten them each season, this is the way its always been, always.
So food prices are about to shoot thru the roof like beyond your worst nightmare. And just imagine next year.

(EDIT) -
I came back here to erase the dire sounding prediction and leave off the really scary stuff... and then i thought , no I will leave it.  I want to beleive its not going to be that bad. And then again, I cant escape the gravity of what Im seeing.  If i was younger , or much younger , I wouldnt have any reference points to measure these events by. But Im not, and maybe its best to leave this post.
This kind of post belongs on other boards, like economy or disaster sites ... but this was a serious topic that brought about serious discussion.  At the very least we could see a world war over global stresses brought about by the events unfolding.
If theres a canary in this coalmine, it just died.
The coasting period, i dont know how long it will last. But if events happen as fast as they keep happening, its going to get ugly soon. I know the majority of you dont even watch the news...and even if you did, the mainstream media WONT portray this in the scale it really is... to keep people from panic. Panicky humans are destructive things.

Listen , Credit markets worldwide have seized up completely right now. This has NEVER EVER happend, ever. This equates to the moment all the passengers hear the engines stop running  on this plane we are all flying along in.  In this case I just saw the engines fall completely freeking off... NOT GOOD

The bailout money congress just approved doesnt exist, and the printing of 800 billion dollars is only going to lower the value of existing dollars to 1/10th of what they were worth last week.
Politicians responsible should be fearing for their lives right about now.
Me and my fiancee ( a mongolian doctor ) were thinking about moving to Mongolia, but her family has been telling us about conditions over there getting real bad as well. No place to hide.
Hyper-Inflation is the word kiddoes. When money is worthless, it takes more of it to buy something.
The whole world is set for hyper-inflation now. ( DO YOU LOVE GLOBALIZATION YET ??)
How long we all can coast along -like i said- is in question. My best estimates are something like one year max, if we are lucky. But there will be increasing pain the whole way down.

The good thing ( haha ) is that we will live to see the price of oil drop to 20 dollars a barrel !! woot.
( umm, that is if the dollar could hold its current value - which it wont )
So never mind the 20 dollar a barrel estimate , lol .  sheesh.

"The victorious win the battle, then go out to fight ... while the defeated go out to fight, then try to win the battle.   -SunTzu
"The only difference between a capitalist and a communist is that the communist hates competition!" -Circuit

Yes, I would buy Gold, Silver, rice, tea, honey etc, especially now, before the prices go up and prepare for the worst.

However, I disagree with you about it being a global disaster. One of the main reasons why it is effecting other countries besides the US is because the rest of the world takes, and deals in US Dollars and loans the US money. The deeper into the squeezey pooh the US economy and the dollar go, the faster other countries will drop the dollar and stop loaning the US money (they dont loan it to you out of the kindness of their heart) cos you cant pay it back.
The US borrowed massive amounts of money in the early days of its history, but , unlike today, you did so to invest in factories and other production - aswell as roads etc, which turned the US into the richest country on the planet allowing you to pay it back and have enough to profit by lending to other countries. For the past decade/s the US has been borrowing money, not to invest but to consume, as mentioned earlier by yourself, Americans were taking out loans to buy the latest gadget , dress, plasma TV, etc etc etc.  Not much was spent on production. So, when the squeezey pooh hits the fan, it will be the US who suffers the consequences the hardest. The rest of the world, well most of Europe and Asia, who have strong production industries will be able to work their way out of this mess, abandoning America in the process, and in time be better off since they wont have the dead weight of the US tied around their leg.

The American Empire is coming to an end. Didn't last long really, did it?