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

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AbtFet

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

(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.

Putin says U.S. is parasite on global economy | Reuters
 
Tonington

Tonington

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Yes, well Poutin isn't well versed in ecology apparently. The correct relationship is more akin to a keystone species. If Poutin were correct, then nobody else would benefit from American economic growth, which is ridiculous in the extreme.
 
CDNBear

CDNBear

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Tonington said:
Yes, well Poutin isn't well versed in ecology apparently. The correct relationship is more akin to a keystone species. If Poutin were correct, then nobody else would benefit from American economic growth, which is ridiculous in the extreme.
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That matters not when you hate the great Satan Ton.
 
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Tonington

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If you want to talk about manipulation and currency, there's a 1500 pound Panda bear in the other corner of the room.
 
Praxius

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Tonington said:
Yes, well Poutin isn't well versed in ecology apparently. The correct relationship is more akin to a keystone species. If Poutin were correct, then nobody else would benefit from American economic growth, which is ridiculous in the extreme.
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What benefit?

Sure there was some in the past, but since their fiasco that started the whole global economic crisis, I don't think there has been much benefit and every other country seems to be held hostage to the effects that occur within the US.

Now I'm not trying to just single out the US, as the same thing would happen if it was another country in the same position and everybody else revolving around their Dollar/Pound/Yen/Zelda Rupee.
 
Tonington

Tonington

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Praxius said:
What benefit?
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Americans are consumers, and they have a net trade deficit. So when America's economy is doing well, there is benefit to those nations who export, like for instance...Canada.

Of course like you say, they can also drag other economies down with them, for the same reason.

That's why I say they are more like a keystone species. A keystone species is a critical component of an ecosystem; the effect of that species is greater than would be expected based on it's population size or biomass. America clearly has this impact on the global economy.
 
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