Putin: USA Is A Parasite on World Economy

SELIGER, Russia -- Russian Prime Minister Vladimir Putin on Monday 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.

He also suggested that Washington may have been flirting with the idea of a default in order to weaken the dollar "and create better conditions for exporting their goods."

"But they had enough common sense and responsibility" to avoid a default, Russia's former president added.

Putin has repeatedly criticized the United States' recent foreign exchange policy and its tendency 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 U.S. debt is downgraded by a major Western ratings agency and Putin was insistent Monday that the world should be seeking new reserve currencies for trade and savings.

"If the U.S. encounters a systemic malfunction, this affects everyone," Putin told the youth gathering. "There should be other reserve currencies."


Read more: http://www.foxnews.com/world/2011/0...s-us-parasite-on-world-economy/#ixzz1TsHTDvmr

 

Any other references beside Faux News

 

Fascinating. The ex-KGB leader of the remnants of what Reagan had once referred to as the "Evil Empire" is suddenly FOX's go-to guy for context and clarity. In other news, up is down.

 

I think he was talking about mother RUSSIA

there could have been some translation error

 

Fascinating. The ex-KGB leader of the remnants of what Reagan had once referred to as the "Evil Empire" is suddenly FOX's go-to guy for context and clarity.----------------------------------

love it. eloquent. very.

 

No news here. Putin is just pandering to the anti-American crowd in preparation for the upcoming election.

 

Don't take him seriously anyone... Whomever is willing to listen to an ex-KGB officer must be out of their mind.

 

Agreed

 

USA and Russia had friendly relations when George Bush and Putin were Presidents.

So what happened now with Obama as president?

I was waiting for Putin's statement.

 

Spot on.

Putin should spend time trying to turn Russia into a country that exports something other than minerals, oil, corruption and women.