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Thread: Putin US is a parasite on world economy

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    Putin US is a parasite on world economy


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    Re: Putin US is a parasite on world economy

    Pretty much expected from Putin, although not completely unfair. We'll be paying for it sooner or later though, and probably sooner.
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    Re: Putin US is a parasite on world economy

    Parasite! How much do we owe? Do we suck that money from other Nations? Reserve currency status? Do you think Putin realizes that the Federal Reserve Corp is a private corporation? Russia has big financial reserves after some tough sledding in the 1990's. Does that indicate better management than the USA? Did keeping the big Energy players Exxon/Mobil and David Rockefeller out of the Russian oil ownership loop help the Russian economy?

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    Re: Putin US is a parasite on world economy

    Quote Originally Posted by atrasicarius View Post
    Pretty much expected from Putin, although not completely unfair. We'll be paying for it sooner or later though, and probably sooner.
    How are we going to pay it?

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    Re: Putin US is a parasite on world economy

    I agree with Putin... we arn't only parasites in the global economy but also on our own.

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    Re: Putin US is a parasite on world economy

    Prime Minister Putin views the world in almost neo-mercantilistic terms. Hence, he sees chronic negative imbalances as generally unhealthy. Moreover, given the size of the U.S. imbalances, he recognizes that they have global implications. He is not completely off the mark, even if he engages in hyperbole that detracts from a more realistic point. The large capital inflows that are required to finance the United States' enormous and persistent current account and fiscal deficits entail opportunity costs. In part, PM Putin's outlook was influenced by the difficult post-Soviet transition that took place in Russia. More than likely, he believes the U.S. is avoiding taking the painful measures to restructure its economy and government finances, something over which Russia had no choice when it plunged into its crisis.
    Last edited by donsutherland1; 08-02-11 at 09:49 AM.

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    Re: Putin US is a parasite on world economy

    It's difficult to think in the same terms than Vladimir Putin if you have been in the US all your life, but he's absolutely right. The world doesn't need the US.
    Freedom is not free.

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    Re: Putin US is a parasite on world economy

    Quote Originally Posted by donsutherland1 View Post
    Prime Minister Putin views the world in almost neo-mercantilistic terms. Hence, he sees chronic negative imbalances as generally unhealthy. Moreover, given the size of the U.S. imbalances, he recognizes that they have global implications. He is not completely off the mark, even if he engages in hyperbole that detracts from a more realistic point. The large capital inflows that are required to finance the United States' enormous and persistent current account and fiscal deficits entail opportunity costs. In part, PM Putin's outlook was influenced by the difficult post-Soviet transition that took place in Russia. More than likely, he believes the U.S. is avoiding taking the painful measures to restructure its economy and government finances, something over which Russia had no choice when it plunged into its crisis.
    Have to disagree. Putin is a defacto control freak dictator that runs one of the biggest mafia's in the world. His comment might be right in some ways, but his motivation is pure selfish and the fact that Russian companies (read his friends) have not gotten a bigger part of the "pie" in the US compared to his main competitors in China and other emerging markets.

    And Russia had a choice when it defaulted, and chose to screw over its creditors despite knowing of the massive amounts of wealth it was sitting over.
    PeteEU

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    Re: Putin US is a parasite on world economy

    I have one word for Putin:

    MAD.

    And I don't mean angry.

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    Re: Putin US is a parasite on world economy

    I think we are more of a saprophyte, really.
    "you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos

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