Putin says U.S. is "parasite" on global economy
- Thread starter AbtFet
- Start date
A bit of a stretch, part of the U.S.'s problem may stem from them having contributed to a global economy.
This post says something meaningful; U.S. money has been more than just a lttle responsible for any number of third world economies finally taking off. It has come at high cost to themselves as they've watched manufacturing jobs emmigrate to Indonesia, Pakistan, China, India, Taiwan, even Mexico etc., All of these economies will suffer but then so will anyone whose financial decisions has resulted in them having all their eggs in one basket. That's called "paying the piper".
As to Putin claiming the higher road; didn't his country actually default on it's debt? Isn't it still burdened with rampant corruption?
Pot & kettle!
Problem is....you need money to be able to buy things in a market. If you only have X amount of money to go around to run your nation and try to grow your cash reserves you need to sell your money too as bonds.
The USA, not nicknamed the land of the dollar bill for nothing. If you notice when the USA has a holiday, markets around the world tend to be quieter. When it comes to business, the USA seems like a keystone species.
If the massive USA military presence around the world shrank, as it is likely will in the next few years, sea lanes may become more clogged, and nations like China may become more pushy and create passive vassal states, resorting to old habits, because if the USA doesn't assert its hegemony, someone else will.
Or Russia might, which would lead to a less democratic world. Not to mention a more stagnant one.
Just a link, no comment. Inadequate. I'll do it for you.
The link also offers no comment, no analysis. I see a Marxist webpage here and a Marxist supporter here. This is Marxist because Marxists believe in historic inevitability, "It's gonna happen, you can't do a thing about it." Asiatic fatalism to my mind. In your personal life, no problem, I don't care, but on policy issues, I hope you don't vote.
China is less than 3 years away from being economically number one in the world! Then what? Will the USA, Canada, Germany, France disappear? And culturally, how many Chinese movies have you watched recently? Likely none. China is a xenophobic country at present. While that may change in the future, like many old countries they like their old habits.
First off, this thread is about the economy not xenophobia - even though the most xenophobic place you can find is Wall Street. Secondly, I just thought a countdown might be kind of fun. I am not a marxist, pagan or satanist, so please forgive my poor soul if that site gave you the willies!
Lastly:
U.S. GDP
2011 15,227.074
2012 15,880.207
2013 16,522.059
2014 17,223.523
2015 17,993.100
2016 18,807.547
China GDP
2011 11,174.327
2012 12,407.017
2013 13,756.951
2014 15,289.306
2015 17,018.880
2016 18,975.744
List of countries by future GDP (PPP) estimates - Wikipedia, the free encyclopedia
I visited China a year ago and all I saw was rampant capitalism at the street level. The grand schemes like public transit and housing for the poor were centrally managed.
Eventually the US dollar will cease being the global currency, like what's happened to Russia/China trade. In 2010, they stopped using US dollars and switched to their own currencies.
China, Russia to drop dollar in bilateral trade - MarketWatch
Eventually the US dollar will become just one of many currency choices in international trade.
Eventually the US dollar will cease being the global currency, like what's happened to Russia/China trade. In 2010, they stopped using US dollars and switched to their own currencies.
China, Russia to drop dollar in bilateral trade - MarketWatch
Eventually the US dollar will become just one of many currency choices in international trade.
Sure, other countries are pushing their own currencies and systems because it works for them. Their economies have huge room to grow and the USA will slip as a result. Over time the demand for dollars will weaken and eventually there will be a basket of world currencies to replace it.
Wall Street sold its shoddy mortgage backed securities to any sucker who would buy them.. They don't seem xenphobic that way.
The only one benefittting from the current Monetarist paradigm is Wall Street, and a cabal of financiers and traders. They are making themselves rich, while everyone else, including the American public is impoverished. The U.S. Dollar is no more secure than any other currency in what has become a complex shell game of currency and credit manipulation.
Putin is right in stating that there is a parasitic, in fact cancerous, tumour on the world financial system.. he is wrong in attributing it to America.. although it is centred in New York and London. The trading oligarchy in fact has denounced all semblance of the nation state.. and in fact only use it to trade off one desperate political entity (and its currency) against another for their own profit.
Putin is right in stating that there is a parasitic, in fact cancerous, tumour on the world financial system.. he is wrong in attributing it to America.. although it is centred in New York and London. The trading oligarchy in fact has denounced all semblance of the nation state.. and in fact only use it to trade off one desperate political entity (and its currency) against another for their own profit.
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In that way Wall Street hates nations that try to control it, but love nations when they given it protection. Other nations are sick of this, and most people as we never got filthy rich, so control is required and life will go on. Congress keeps giving Wall Street what it wants and the decline of the USA continues on several fronts.
Putin should have been more precise and targeted Wall Street and the chicanery of the financial economy. It makes Russia look anti-business as its economy struggles and his striving for glory and undemocratic ideas goes on.
Though this might be a fair statement of fact, it's a poor criticism: no one ever forced Russia or any other nation to trade in US dollars, trade with the US, lend to the US, etc.
To be fair, other countries are equally responsible for having turned a blind eye to the US' excesses when it benefitted them, and are only now criticizing it now that it hurts them. On that front, we all share responsibility.
Ha Ha Ha..... oh man, had to wipe the tears from laughing so hard... good one. I needed a good laugh to start the day.
+1 rep for you
Ah, now based on this post and all the other threads you've made, and your constant calls to drop the monarchy, I finally see what you're really pushing for in these forums.
You just want to drop our British ties and move towards the US more.
Out of the pan and into the fryer..... meet the new boss, same as the old boss.... *sings a tune*