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Putin Calls U.S. ‘Parasite’ as Russia Buys Its Debt

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Volitzer
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« on: August 20, 2011, 11:04:08 am »

Putin Calls U.S. ‘Parasite’ as Russia Buys Its Debt
Bloomberg
August 19, 2011

For Russian Prime Minister Vladimir Putin, the U.S. is a “parasite” because its rising debt weighs on the global economy. For his government, the same debt is the safest possible investment.

Russia, the world’s largest energy producer, has boosted its holdings of U.S. debt by more than 1,600 percent since September 2006, according to U.S. Treasury Department data. Russia used surging commodity prices to build the world’s third- largest reserves pile, boosted in part by return on Treasuries.

Putin, 58, who oversaw the largest buildup of U.S. debt holdings in Russia’s history as president from 2000 to 2008, may return to the post after elections next year. The country is now one of the world’s 10 largest holders of the securities with $110 billion at the end of June, about 70 percent more than when Putin left the Kremlin.

“They are sending out a message” largely for domestic consumption, Edwin Gutierrez, who helps manage about $7 billion in emerging-market debt at Aberdeen Asset Management in London, said in a phone interview on Aug. 17. “It’s ironic that these voices of complaint come as they experience massive capital appreciation.”

http://www.prisonplanet.com/putin-calls-u-s-%e2%80%98parasite%e2%80%99-as-russia-buys-its-debt.html
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Volitzer
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Posts: 11110



« Reply #1 on: August 20, 2011, 11:06:32 am »

John Smith started the day early having set his alarmclock
(MADE IN JAPAN )
for 6 am ..

 



While his coffeepot


(MADE IN CHINA)


was perking, he shaved with his


electric razor


(MADE IN HONG KONG)


He put on a


dress shirt


(MADE IN SRI LANKA),




designer jeans


(MADE IN SINGAPORE)


and


tennis shoes


(MADE IN KOREA)


After cooking his breakfast in his new


electric skillet


(MADE IN INDIA)


he sat down with his


calculator


(MADE IN MEXICO)


to see how much he could spend today. After setting his


watch


(MADE IN TAIWAN )


to the radio


(MADE IN INDIA )


he got in his car


(MADE IN GERMANY )


filled it with GAS


(from Saudi Arabia )


and continued his search


for a good paying AMERICAN JOB.


At the end of yet another discouraging


and fruitless day


checking his


Computer


( made in MALAYSIA ),


John decided to relax for a while.


He put on his sandals


(MADE IN BRAZIL ),


poured himself a glass of


wine


(MADE IN FRANCE )


and turned on his


TV


(MADE IN INDONESIA ),


and then wondered why he can't


find a good paying job


in AMERICA


AND NOW HE'S HOPING HE CAN GET HELP FROM A PRESIDENT


(MADE IN KENYA)


You gotta keep this one circulating!
 
  Lee Barrick
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