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Putin Calls US ‘Parasite’ On Global Economy

From an admiring Reuters:

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

By Maria Tsvetkova
August 1, 2011

LAKE SELIGER, Russia (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.

Isn’t “parasite” kind of a strong term, coming from a country has lived off of our charity for decades at a time? Still, one sure way to make somebody hate you is to loan them money.

By the way, many consider Nashi to be Putin’s version of the Hitler Youth. Or, if you prefer, Stalin’s Komsomol.

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."

Mr. Putin sounds a little like a Democrat here. Which, we suppose, isn’t any too surprising. Except, of course, Democrats tend to shy away from the "parasite" term, lest they offend their constituents.

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."

As of last year, Russia is reported to hold $151 billion of American debt. But how is that even possible?

Did they ever pay us back all the untold billions we lent the in World War II? Did they ever pay us back for the untold billions we lent them after the collapse of the Soviet Union? How do we owe them anything? Isn’t it the other way around?

Which come to think of it, is another way Mr. Putin sounds like a Democrat.

This article was posted by Steve on Tuesday, August 2nd, 2011. Comments are currently closed.

One Response to “Putin Calls US ‘Parasite’ On Global Economy”

  1. proreason says:

    Putin is a pretty good proxy for the Left in the United States.

    You KNOW they admire him unconditionally.


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