Reuters | Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets."They are living beyond their means and shifting a part of the weight of their problems to the world economy," Putin told the pro-Kremlin youth group Nashi while touring its lakeside summer camp some five hours drive north of Moscow.
"They are living like parasites off the global economy and their monopoly of the dollar," Putin said at the open-air meeting with admiring young Russians in what looked like early campaigning before parliamentary and presidential polls.
US President Barack Obama earlier announced a last-ditch deal to cut about $2.4 trillion from the U.S. deficit over a decade, avoid a crushing debt default and stave off the risk that the nation's AAA credit rating would be downgraded.
The deal initially soothed anxieties and led Russian stocks to jump to three-month highs, but jitters remained over the possibility of a credit downgrade.
"Thank god," Putin said, "that they had enough common sense and responsibility to make a balanced decision."
But Putin, who has often criticized the United States' foreign exchange policy, noted that Russia holds a large amount of U.S. bonds and treasuries.
"If over there (in America) there is a systemic malfunction,
this will affect everyone," Putin told the young Russians.
"Countries like Russia and China hold a significant part of their reserves in American securities ... There should be other reserve currencies."
U.S.-Russian ties soured during Putin's 2000-2008 presidency but have warmed significantly since his protégé and successor President Dmitry Medvedev responded to Obama's stated desire for a "reset" in bilateral relations.
6 comments:
Now this is deliciously ironic
The irony is decades old.
The White American Capitalist NAZIs spent billions of dollars on nuclear weapons.
The White Russian Communist NAZIs spent billions of rubles on nuclear weapons.
The Capitalist educational system does not make accounting mandatory in the schools even though double-entry accounting is 700 years old and the entire economics profession forgets to talk about planned obsolescence and subtract the depreciation of the durable consumer JUNK. The Communist economists spend decades not noticing that the capitalists can't do algebra.
http://www.spectacle.org/1199/wargame.html
So these two groups risk blowing up the planet over utter stupidity and most people around the world are supposed to give a damn about the difference between the two. These people think they are intelligent?
Yeah, let's blow up the planet over stuff too dumb to discuss!
European pseudo-intellectualism!
Not merely dumb, not pseudo-intellectual, quite literally insane http://subrealism.blogspot.com/2010/06/fk-you-buddy.html
My terms "unspeakable" and "psychopathocracy" are neither hyperbole or a joke.
See, this is why I get my dose of politics either from unWhite blogs or from Chomsky. It may be less flattering, but you can't beat stuff that's actually true.
What gets me, and has really sunk in with a heaviness that I never previously anticipated, is the extent to which the humans in general are ruled by utterly facetious magical thinking. If you take stock of the number of voters and elected "leaders" who are in the thrall of one or another of the Abrahamic "religions" and whose decisions are influenced by the same - the terror of the situation is absolutely staggering.
The Satanic trickery/idiocy of it is just unbelievable.
Post a Comment