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Putin says U.S. is a parasite on global economy

Discussion in 'Current Events' started by The Godfather, Aug 1, 2011.

  1. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

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    The sad thing is, he is 100% right. :icon_cry:

    http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801

    (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 a Kremlin youth group while touring its summer camp north of Moscow.

    "They are living like parasites off the global economy and their monopoly of the dollar."

    President Barack Obama 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 relations soured during Vladimir Putin's 2000-2008 presidency but have warmed significantly under President Barack Obama, who took office in 2009 promising a "reset" in bilateral ties.
     
  2. CousinDave

    CousinDave Registered User

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    This is also what prevents WWIII from breaking out
     
  3. Lord Zero

    Lord Zero Viciously Silly

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    Who saw this coming (besides everyone)?
     
  4. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

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    /argument from the 1960's
     
  5. Falldog

    Falldog Wackbag's Best Conservative
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    He makes a great point. Russia's economy is удивительный!
     
  6. Party Rooster

    Party Rooster Unleash The Beast

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  7. SaltyDelights

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    Everything a politician says is to try and rally their base. The combination of bellicosity and anti-Americanism works wonders in so many countries these days.
     
  8. Larz

    Larz ****Self-Banned****
    It's My Birthday!

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    This coming from the chief savage of a thugocracy that defaulted on its own debt not too long ago. The U.S. is the single stabilizing factor keeping this planet from plunging into pure savagery. Until Russia actually does something beneficial on the world stage Putin can eat shit.
     
  9. Von Maestro

    Von Maestro Registered User

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    This X whatever the debt number currently is.

    The fact is that however imperfect the US may be, we're still miles better than any other shit-hole out there.
     
  10. CousinDave

    CousinDave Registered User

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    at least until the roads & bridges in this country collapse - you know the type of things politicians don't want to really take care because it dosen't buy them any votes
     
  11. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    He's right... we should start by cutting our foreign aid to Russia, which after a quick search appeared to be $8 billion in 2009.

    That will definitely help us live more within our means.
     
  12. Token White Guy

    Token White Guy Continuously Jaded

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    Putin should look at his country before spouting off shit. Putin's Russia is far worse. People are leaving there in droves, the birth rate is falling, corruption takes a sizable portion of its GDP, their gas monopoly is going to shit with Europe finding new energy sources, human and constitutional rights are violated daily, opposition parties are practically outlawed and their leaders have been either killed or falsely arrested, ect. I could go on.

    Obama needs to tell Putin to go fuck himself.
     
  13. Voss's Tumor

    Voss's Tumor Banned

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    We'll see how much of a parasite we are after not only continued foreign aid, but outsourcing our space program to them.
     
  14. lajikal

    lajikal Registered User

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    What? Basically any country that wants to put shit in space has to go through them. They couldn't give a shit if the u.s. stops contracting them.
     
  15. Voss's Tumor

    Voss's Tumor Banned

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    You realize we just shelved our space shuttle program in favor of contracting through Russia, right? That literally just happened a week or two ago.
     
  16. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

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    So waitaminute. We are sending Russia financial aid and they are turning around and loaning it back to us by buying US treasuries? No one in power can see this insanity?
     
  17. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

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    Cousin Dave and I agree on something :icon_eek: Cats & Dogs, big twinkies, mass hysteria!
     
  18. lajikal

    lajikal Registered User

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    That's what i'm saying. They're making a shitload of cash with or without the u.s. Being that they're basically the worlds' taxi service for putting shit up in space.
     
  19. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

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    actually, sorry to break it to you.. Russia is in a MUCH better financial condition than the USA. (just about every non 3rd-world country is, included most of the EuroZone countries)

    Apparently you don't know anything about United States monetary policy and how it effects countries who are (still) pegged to the dollar and (for now) refuse to let their currencies float.

    We 'export' inflation, you've never heard that term before?
     
  20. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

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    We (the dept of treasury) print money and 'loan' it to the Federal Reserve, who uses it to buy unwanted US treasuries, isn't that insane and troublesome?
     
  21. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    The US economy is one of the most stable economies on the planet, and along with the JPY the US$ is the most stable currency on the planet. Without either, there would be no global economy.

    It is however true that the US fiscal policies of the past decade are weakening that position, and endangering both the US and the global economy. If that trend continues, eventually Asia will have to find a solution to replace the dollar as the main reserve currency.

    But Russia has nothing to do with any of this. They don't matter in the big picture, neither does their opinion. Their economy is not very significant to begin with, and they are going to become more and more insignificant in the future, as the Russian population continues to shrink (and become older and less productive) while Asia's population and economy are both growing rapidly.

    Yeah, that is happening for a reason. And the reason isn't Russia and China's love for the evil capitalists, and their desire to help the US. It just so happens that the US dollar has been the most stable currency in the world, and developing countries kept it in reserve to prop up their own currencies. If Russia didn't have all those dollars and US securities, to be able to buy rubles and prevent a crash every time the market loses faith in them, they would just spiral out of control and crash.

    The only reason why they don't is that they have dollars and US securities, which investors still trust will maintain most of their value. If tomorrow Russia, instead of running its mouth, decided to actually dump the dollar, their currency would crash. Even if they bought Euros instead, it wouldn't work as well as the dollar. The Euro is in a much weaker position than the dollar.
     
  22. afternoonquil

    afternoonquil Apology Ostrich

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    I asked my russian barber about Putin and he says "he faggot man who like to put penis where he making of the shits"
     
  23. Don the Radio Guy

    Donator

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    Best quote ever.
     
  24. Party Rooster

    Party Rooster Unleash The Beast

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    Stop pretending you know jack or shit about any of this. You regurgitate chicken little scenarios from whatever fearmongering right wing blogs you can find. If you think Russia's so perfect why don't you move there you fucking commie. :wavyguy:
     
  25. fulldevilsoccer

    fulldevilsoccer Registered User

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    Wow this got confrontational
     

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