Remember meForgot password?
    Log in with Twitter

article imageVladimir Putin labels the United States as an economic 'parasite'

By Andrew Moran     Aug 4, 2011 in World
Moscow - As the United States Congress was deliberating and coming to an agreement on the $2.4 trillion debt limit increase, Russian Prime Minister Vladimir Putin spoke to pro-Kremlin youth activists where he called the U.S. an economic "parasite."
For decades now, the United States has been called a lot of things by world leaders. Sometimes U.S. officials retort, sometimes they do not. For the last several years, Venezuela President Hugo Chavez, Iran President Mahmoud Ahmadinejad and Chinese officials have been the ones to criticize America on everything from its foreign policy to its monetary policy.
On Monday, speaking north of Moscow at a pro-Kremlin youth camp, Russian Prime Minister Vladimir Putin called called the U.S. a “parasite” on the global economy because they are “shifting the weight of their problems” to the rest of the world, according to a report from Reuters.
“They are living beyond their means and shifting a part of the weight of their problems to the world economy,” said Putin during an open-air meeting in what some are speculating premature election campaigning. “They are living like parasites off the global economy and their monopoly of the dollar.”
Putin, a possible 2012 presidential candidate, made the remarks as U.S. President Barack Obama and the Republican leadership were making last-minute deals on the debt limit increase, which pleased the Prime Minister because of Russia’s investment in the U.S.
This is a graph of U.S. gross federal government debt from 1981 to 2012 (est)  as a percentage of GD...
This is a graph of U.S. gross federal government debt from 1981 to 2012 (est), as a percentage of GDP, color coded by congressional control and highlighting presidential terms. The data is from the U.S. Office of Management and Budget
“Thank god that they had enough common sense and responsibility to make a balanced decision,” added Putin. If over there there is a systemic malfunction, this will affect everyone.”
He continued to state that nations such as China and Russia hold a considerable amount of reserves in U.S. securities. Putin called for the diversity of reserve currencies. “There should be other reserve currencies.”
According to Asia Times Online, one analyst with the Moscow Carnegie Center, Marsha Lipman, denied that the former Russian President was campaigning because he doesn’t need to since “he is by far the most popular politician in the country.”
“Campaigning, as with any term that bears on the democratic process in Russia, should be viewed with great caution. All of these things do not mean the same things that they mean in democratic countries,” said Lipman. “It is electioneering to an extent, but I would say it not as a desire to win over a young audience, but rather a message to the elites saying, 'Here I am, active, up on things, popular and attracting audiences.'"
More about Vladimir putin, russian prime minister, United States, Parasite
More news from
Latest News
Top News