Russia: Putin accuses the United States of being a parasitic nation on the global economy
159 replies, posted
[quote]RUSSIAN Prime Minister Vladimir Putin has accused the United States of acting as a "parasite" on the world economy by accumulating massive debts that threaten the global financial system.
"The country is living in debt. It is not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite," Putin told a group of pro-Kremlin youth in central Russia yesterday.
US President Barack Obama on Sunday announced an 11th hour debt deal that will allow the country to avoid its first default in history while pushing ahead with a painful austerity plan designed to slash Washington's swelling debt.
The deal was met initially with relief on global financial markets and saw Moscow's two stock exchanges open the day up about two per cent but investors then began to have doubts about the plan and gains were reversed sharply.
Putin has repeatedly criticised the United States' recent foreign exchange policy and its propensity to cover budget deficits with treasury bills and bonds held by sovereign clients such as China and Russia.
The value of that paper will shrink if US debt is downgraded by a major Western ratings agency and Putin was insistent that the world should be seeking new reserve currencies for trade and savings.
"If the US encounters a systemic malfunction, this affects everyone," Putin told the Seliger camp gathering. "There should be other reserve currencies."
Putin added that the debt agreement announced by Obama "was not that great overall because it simply delayed the adoption of a more systemic solution."
Russia's de facto leader was attending the pro-Kremlin lakeside youth camp as part of a continuing series of public appearances that are being closely watched by political observers as December parliamentary elections approach.
Putin's United Russia party is hoping for a strong performance in December that can catapult their leader into presidential elections scheduled for March.
The current Kremlin chief Dmitry Medvedev has found strong backing in some Washington circles and who has worked more closely on a "reset" in relations with Obama's team.[/quote]
[url]http://www.news.com.au/breaking-news/us-is-a-parasite-on-world-economy-putin/story-e6frfku0-1226106320785[/url]
It's funny because Russia's been stuck with a BBB credit rating for 13 years because it defaulted on its debt- causing a global ripple on the prices of commodities and damaged a lot of Asian nations doing business with them.
[url]http://en.wikipedia.org/wiki/1998_Russian_financial_crisis[/url]
Well, 13 years come August 13th.
Putin I thought we were cool :saddowns:
It's funny because russia is broke and it barely scraping by.
'Nono, we're good. We got this.'
He's just Putin on a facade.
Yeah because we don't have a right to have an economy.
[QUOTE=LunchboxOfDoom;31480794]It's funny because Russia's been stuck with a BBB credit rating for 13 years because it defaulted on its debt- causing a global ripple on the prices of commodities and damaged a lot of Asian nations doing business with them.
[url]http://en.wikipedia.org/wiki/1998_Russian_financial_crisis[/url][/QUOTE]
According to the Wikipedia link you posted, it was the 1997 Asian financial crisis that triggered the 1998 Russian crisis, so that would mean the Asian nations were responsible for it, unless your definition of "Asian nations" includes all of those ex-Soviet republics in Central Asia.
[QUOTE=Tac Error;31481084]According to the Wikipedia link you posted, it was the 1997 Asian financial crisis that triggered the 1998 Russian crisis, so that would mean the Asian nations were responsible for it, unless your definition of "Asian nations" includes all of those ex-Soviet republics in Central Asia.[/QUOTE]
But it was the choice of the Russians to default, this being the central point. That exacerbated things.
World: Everyone accuses Putin of being a worthless piece of shit.
[QUOTE=Paravin;31482688]World: Everyone accuses Putin of being a worthless piece of shit.[/QUOTE]
World: Everyone dies. More at 11.
Putin says it like a boss.
he's one to talk
I love Putin, he's the fucking man.
I admire America yet I also admire Russia... But who is better? There is only one way to find out...
[QUOTE=Ruski v2.0;31483370]I admire America yet I also admire Russia... But who is better? There is only one way to find out...[/QUOTE]
Nuclear War! Gogogogo!
However it may be hypocritical of Putin to say that, He is completely right.
[quote]"The country is living in debt. It is not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite," Putin told a group of pro-Kremlin youth in central Russia yesterday.[/quote]
I'm not sure why people think the same is true for Russia...
[QUOTE=kaine123;31481056]Yeah because we don't have a right to have an economy.[/QUOTE]
but that's not what he's saying at all
way to have a brain lapse
He intentionally doesn't mention that you can't make depts withoutsomeone giving you money. So when you call the nation that owes a huge amount of money to your country parasitic you are basically calling yourself the breeder.
You mean United States owes a huge amount of money to Russia?
US should default so we can laugh at them.
[QUOTE=doonbugie2;31483837]US should default so we can laugh at them.[/QUOTE]
But the US are protecting the free world, we should let them off
[QUOTE=JustExtreme;31484392]But the US are protecting the free world, we should let them off[/QUOTE]
Yeah, don't you see they've protected both Japan and Vietnam. We should let them protect EVERYONE!
[QUOTE=Tac Error;31481084]According to the Wikipedia link you posted, it was the 1997 Asian financial crisis that triggered the 1998 Russian crisis, so that would mean the Asian nations were responsible for it, unless your definition of "Asian nations" includes all of those ex-Soviet republics in Central Asia.[/QUOTE]
In addition, the ruble is not [I]nearly[/I] as globally important, nor is the Russian economy (obv. still vital but relative to the US)
[editline]2nd August 2011[/editline]
[QUOTE=Killuah;31483726]He intentionally doesn't mention that you can't make depts withoutsomeone giving you money. So when you call the nation that owes a huge amount of money to your country parasitic you are basically calling yourself the breeder.[/QUOTE]
Better to give them money so they might be able to pay you back, rather than letting them collapse and destroying the global economy in the process.
As I recall since the end of the USSR they never had it "good" to begin with, they have constantly suffered economic depression, even during the communist days it was bad. Still though he has a point.
[QUOTE=kaine123;31481056]Yeah because we don't have a right to have an economy.[/QUOTE]
You don't have the right to fuck one up.
[QUOTE=WubWubWompWomp;31484494]You don't have the right to fuck one up.[/QUOTE]
You're right, we don't. You should write a letter to the Senate.
Just like the good old days.
[t]http://dl.dropbox.com/u/5636656/cold_war__simple_version_by_angusmcleod-d34xw7j.jpg[/t]
I guess he was just [i]Putin[/i] his foot down!
[QUOTE=Tac Error;31481084]According to the Wikipedia link you posted, it was the 1997 Asian financial crisis that triggered the 1998 Russian crisis, so that would mean the Asian nations were responsible for it, unless your definition of "Asian nations" includes all of those ex-Soviet republics in Central Asia.[/QUOTE]
And the Asian crisis was in turn caused by the US.
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