37 3 mins 11 yrs

How degrading to the American people that a Russian should be exactly right in describing the US as a global economic “parasite”, but he’s right of course. My only quibble is that he’s correctly describing Washington. He says ““They are living beyond their means and shifting a part of the weight of their problems to the world economy”, and that “They are living like parasites off the global economy and their monopoly of the dollar.”

Continuing to live too high on the hog means that the US Treasury is sucking vast amounts of capital from money markets which could be productively used around the world instead of spent as politicians direct. When the Fed steps in and monetises government debt the inflation is exported out of the US because of the dollar’s reserve status. Most currencies are backed in part by the dollar, so their values are eroded as the dollar declines. Washington is a drain on the global economy. I see that Putin is calling for other reserve currencies. There is a reserve currency. Gold is now on its way past £1640/ounce.

Democrats are now likening Tea Party tribunes to terrorists. Whether or not Biden joined in with this new polite discourse, it seems other Democrats have done so. (Of course, we know that Democrats don’t actually think of the Tea Party as terrorists; if they did so the ATF would be supplying them with guns). This chart, already parabolic, is about the make another vertical move.

It’s clear that the Tea Party’s stated aims of reversing government spending and reducing debt are wholly in accordance with American history and tradition. I’d suggest it’s those who wish to load yet more trillions of debt onto the young and unborn who are different and out of step. If they cannot even now sense the need to reverse the debt curve they are either mendacious or unhinged from reality.

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37 thoughts on “PUTIN: US IS “PARASITE” ON WORLD ECONOMY

  1. The ‘debt limit’ keeps getting increased limitlessly which means that it’s no limit. But there is a limit whether the banksters scum of Wall Street deny it or not and when that limit is reached, the entire debt edifice will collapse.

  2. We’ve had national debt since the nation was formed. And if we started worrying about what the Russian stongmen say then we’re really sunk.

  3. Mahons – has the question ever crossed your mind as to why there is a national debt? Does there have to be a national debt?

  4. For the record, I am sure Pete you must have more than a quibble difference with Putin’s statement.

    Since it was made during a visist to the pro-Kremlin summer camp of the Youth Group Nashi.

  5. Allan – many things cross my mind, and I am sure when you find a donor and obtain a mind, things will cross your mind as well.

  6. Mahons –

    Tone it down, you’re overdoing the civility.

    Why does there have to be a government debt?

  7. Pete – Allan would likely be thrown out of Fatah for anti-semitism, do you think I need to be over civil to him? I find it remarkable that his anti-semitism goes unchallenged by you and some others on this site (but I’ll continue to carry the load in denouncing his anti-semitism).

    Governments historically borrow money, that is how they function. I wish it were not so and I wish it was controlled better.

  8. The stock market agrees with you, Pete. Washington DC’s disconnect from the laws of basic announcement tanked the market with the debt ceiling announcement.

  9. should read: Washington DC’s disconnect from basic laws of economics caused the stock market to tank when the debt ceiling vote was announced.

  10. Mahons –

    I think manners and politeness are very important.

    I’ve heard alot worse than Allan@Aberdeen comes out with. Even so, he’s not anti-semitic, very few people truly are, and I’m not the shrieky show-off type who desperately needs to be outraged at what people say.

    I am a touch surprised at your desire for government borrowing to be controlled better. Your sympathy for the Tea Party must have passed me by.

  11. Patty –

    Yes, what a surprise that the Dow should fall.

    Announcing that the government will plough back into credit markets isn’t good, the promise of higher interest rates down the road tends to get priced in and I should imagine there’s a selloff underway to get into gold.

  12. Mahons – do you believe that there has to be a national debt? If so, for whose benefit?

  13. Mahons
    “I find it remarkable that his anti-semitism goes unchallenged by you and some others on this site (but I’ll continue to carry the load in denouncing his anti-semitism).”

    Very noble of you, but somewhat exaggerated! I can think of quite a few who have a go at Allan for his anti-semitism whenever he raises the issue.
    I believe someone called me “hysterical” last time I did so..
    In one way it is strange that Allan is allowed here, but as someone once said,
    “perhaps better to have him inside the tent, pissing out…..”
    As long as they are not abusive, the more conflicting views we have the better.
    And he is right that the debt ceiling cannot continue to rise. It’s not good for the USA or the world.

  14. Pete – if manners and politeness are your thing then I dare say you are a late bloomer as I haven’t known you to be overzealous in your demonstration of either here (and I claim no Ghandi-like temperment myself).

    As for Allan’s obvious anti-Semitism the “I’ve seen worse” doesn’t strike me as the greatest defense and i can’t imagine why you would think Holocaust Denial, the Jews were warned of 9/11 so didn’t come to work fabrication and a varierty of other examples would make you think someone was not an anti-Semite, but perhaps do you concur with him in those beliefs and thus think them harmless utterances?

    AS for the Tea PArty, I find many of them to be economic and political anarchists in practice (I think terrorist which Biden may have said to be an unfair and deplorable description) who simply don’t understand the economy.

  15. Allan – I beleive a national debt should be for the benefit of the nation to the extent it is incured.

    Agit8ed – Nobility be damned, if he were a left-wing visitor he’d have been long banned. The people who have not question challenged his anti-Semitism are those who most quickly here charge anti-Semitism in our israel discussions and THAT is my point.

    Frankly I’ve never banned anyone and wouldn’t ban Allan (why miss out on the laughs). I do support the banning of any creep (and there have been a few) who have personally abused our host or tried to hack into the site, but other than that i’ve never edited a word.

  16. On anti-semitism (strange adjective given that Ashkenazi jews are European and not semitic), Pete Moore is correct. What the likes of mahons and Agit fail to understand even though I have stated it several times is that I recognise that whilst the Jewish banking clique controls the Fed, Goldman Sachs, the Treasury and all of the main institutions which drive the US to bankruptcy, there are many Jews or patriots of Jewish origin who ‘get it’ and oppose the usury imposed on their countries – James Goldsmith, Aaron Russo being well-known examples. But what happens when a Jew gets to a position where he can wreck the entire banking fraud – what happens then? The last time a politician got close without any mysterious death was Barry Goldwater in 1964. The cabal’s media really attacked him, especially from within the GOP.

    No Jew opposed to the banking fraud is allowed to reach a position where serious damage could be done to the machinery of fraud. That’s why those at the top of the banking cartel are Jews who are in the deal: they self-select, in a similar manner to the introspective selection at any institution such as the BBC. (Could you imagine Peter Schiff or Gerald Celente getting into the Fed?) Simply pointing out the fact is not of itself ‘anti-semitic’. Simply pointing out the instructions to Jews in the Talmud to abuse and exploit non-Jews is not anti-semitic if Jews don’t put those instructions into practice. That some or many in power do is a different debate.

    I see that gold is over $1620. I will wager 1oz of gold that by this time next year, its value will be over $2000. Note that when I win the bet, I want 1oz of gold and not any useless paper.

  17. Mahons: I’d be a little more impressed with your ability to diagnose “crazy” if you could/would appropriately diagnose Biden’s crazy labeling of fiscal conservatives as “terrorist” – or if you could/would appropriately diagnose the danger our current fiscal situation represents.

    While you might think that you are politically on the safe-side, arguing on the edges and bashing as “crazy” a fellow commenter with whom you disagree, you are not.

    Remember, Ahab’s ship, the Pequod? It did sink in the end:

    “”The ship! Great God, where is the ship?…a sullen white surf beat against its steep sides; then all collapsed; and the great shroud of the sea rolled on as it rolled five thousand years ago.” 🙂 🙂

  18. Mahons –

    I beleive a national debt should be for the benefit of the nation to the extent it is incured.

    Then let those who benefit from government spending today pay for it today.

    I see Obama has signed the debt bill in secret. The most powerful man in the land authorising the literal theft of trillions from the young and unborn.

    What a wretched man. Shame on those who voted for him.

  19. Patty – The word is that Biden called tea party Congressmen terrorists which I’ve said here today is unfair and wrong. I don’t necessarily equate tea party Congressmen with the idea of fiscal conservatives, cause many of them aren’t.

    I am denouncing actual anti-Semitism. Why don’t you have the guts to do so?

  20. Pete – Should I take your silence to indicate you concur with his beliefs and thus don’t find them anti-semitic.

    I think the signing of the bill might just make the news and be less of a secret than you indicate.

  21. Good to see that the “reset” on relations with Putin is working well. Putin’s a thug and nothing more.

  22. Mahons –

    Anyone can read what you put in here. This self-indulgent waffle doesn’t do much to encourage people to join in. It also doesn’t obscure your running from the fact the most powerful people in your country just stole from your children.

    I recall Alan@Aberdeen quibbling over the estimated number of 6 million Holocaust victims, not the existence of the Holocaust. If you can back up your quibbling with evidence it’s a perfectly legitimate thing to do. That 6 million is just an estimate afterall.

    I don’t recall his mention of Jews receiving a warning about 9/11. If you want an answer, I seem to recall that accusation coming from the middle east and I regard it as bollocks.

    You do talk about Allan alot.

  23. Pete – “quibbling”? As for your memory I am sorry it is so poor, I think I’ve made my point.

  24. I don’t recall his mention of Jews receiving a warning about 9/11.

    He has claimed (or strongly implied because like most conspiracy theorists he makes a lot of innuendoes rather that state his opinion explicitly) that Israel was forewarned:

    Then there is the rather sinister matter of the Dancing Israelis (that’s not a boy band) who were arrested whilst celebrating the destruction of the twin towers and, after somehow being released from custody, stated that they were there “to report the event”. How did they know that there was to be an ‘event’? It’s all there – just watch it. Btw, had you previously been aware of the Dancing Israelis?

    Could easily many other examples.

  25. Ross –

    So, did you watch it, whatever it is?

    I hadn’t heard of these Dancing Israelis, but I have now. You can read many MSM references to them here.

    So now I can keep an open mind on it or believe the government. I’ll keep an open mind.

  26. Who give’s a rat’s ass if Allan is an anti-semite? What does that have to do with the topic at hand? Skip over his comments if you find the man’s ideas weird or offensive. David tends to leave the outliers free to roam because some of you always take the bait and make for contentious, off-topic high thread counts. High thread counts are good for blogs.

    Pete, I believe they’re both mendacious and unhinged. I would also add that the majority of our elected officials are corrupt, dedicated cocksuckers of fat corporate dick.

  27. Ross – I hadn’t been aware of the Dancing Israelis either until quite recently (late last year), and the words “to report the event” were what they said on Israeli TV. I’m amazed that the very act of mentioning the fact and linking to the video of their interview on Israeli TV is considered ‘anti-semitic’ so you should propose some rules for DV to impose on the site. For example, no assertions about Jews without supporting evidence (Oops – it looks as though I met that criterion). Clearly, you are hyper-sensitive and would find anti-semitism in an empty cupboard. Btw, did you watch the video?

    Pete Moore hadn’t been aware of the Dancing Israelis, but he is now. Most of my colleagues at work are aware of them and the reactions were not favourable to the Israelis – is that ‘anti-semitism’?

    Back to the subject and nobody appears willing to take on the gold wager, not even Phantom.

  28. Daphne – I care, and others should. False charges of antisemitism abound here, and we have a real anti-semite among us. And Troll, David, and others who level that charge most often have failed to call Allan out on his bs. I believe if we aren’t honest enough to confront it here when it arises we certainly can’t point to it elsewhere with credibility.

  29. Mahons – as I wrote above as a suggestion, “no assertions about Jews without supporting evidence”. Further above, I was specific about which Jews are the subject of my ire: “I recognise that whilst the Jewish banking clique controls the Fed, Goldman Sachs, the Treasury and all of the main institutions which drive the US to bankruptcy, there are many Jews or patriots of Jewish origin who ‘get it’ and oppose the usury imposed on their countries – James Goldsmith, Aaron Russo being well-known examples.”

    Instead of throwing your somewhat blunted barbs, why not make an effort to refute me? The likes of this – “See what i mean, you can’t fake that kind of crazy” – just doesn’t make the grade amongst the adults, although it may do so in your frozen adolescence.

  30. For example, no assertions about Jews without supporting evidence (Oops – it looks as though I met that criterion).

    Your “supporting evidence”- such as quoting the absurd “Franklin Prophecy” hoax that was debunked 70 years ago- merely demonstrates your incompetence or dishonesty in using evidence.

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