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Well, Putin isn't wrong. Oil and gold can be the "reserve currencies". In some ways they already are, but the storage and exchange of the oil is problematic.
He is completely wrong, in a credit/debt global system without the US right now it collapses. Japan has been sucking off the world for 20+ years, why? Because they are not able to create the needed credit/debt to support their system.
Once you go down the road of credit/debt system with attached interest, it is just a matter of time before it collapses. Putin is completely wrong.
The question isnt who colapses -thats everyone. The question is who has the capability to recover and thats more Russia than US now.
not so sure about that.
Putin's shiny dome is under Bernake's wingtips. He's just pissy about it. The west is their favorite customer.
Post wipe-out, the US has a number of advantages over Russia and Japan and China.
BTW, with crude trading for $, this ponzi can still run for years.
No one here gets it.
I like this part: "The former KGBer's solution?"
Do you really believe Putin and his cohorts are "former KGB"?
Don't fix what's not broken is their mantra.
These a-holes think they are God!
This is how Putin responds to criticism "shut up or you will die"
This is Putin making deals "sign or you will die":
This is Putin's romance:
This is Putin practicing for foreign affairs "resolution":
This is Putin's party (look at that smile at 0:15):
This guy's got KGB I-killed-so-many-I-lost-count written all over him
What the United States did today was what will soon be referred to as "an economic crime." I am surprised that a man as well spoken as Putin did not refer to the House and Senate as a bunch of economic criminals. Honestly, when is the United States going to live within its means? The world is a scary place. Today it got a bit scarier.
Putin's advisors must have been reading ZH!
It's simple, he just has to create oil or natgas denominated IOUs.
Who would trust a Ruskie IOU? I would rather have green ponzi chips than a "race to default" Russian coupon.
True he might not be wrong, but he still is Putain.
Putin is right, America is living like parasites on the world economy, AND he should put his money where his mouth is by pushing for an alternative reserve currency.
If no one does anything to push the world (kicking and screaming) towards a better solution then no one will act until the collapse finally hits.
We are Hooligan Bitchez!
We've been called worse, by better..
You could make a case that some are terrorized by the Tea Party goals.. Unfortunately, the military industrial complex is not one of them.. Use to be.. but when the take over happed by the neocons, well... we all knew how that would play out.
What good will that do? The media is intellectually dishonest, and by extension, the majority of the public are deceived. Combine that with the fact that progressives in Washington will do or say whatever it takes with no regard for civility or honesty and what do you have left? Seriously? Do you really think an apology means anything? The media won't even report it unless it is the other way around. Face it people, this country is finished!
sounds about right.
Tea Party is on Putin's side. Call the tp's what you want.
I feel a couple pints of Black and Tans and some traditional Gaelic singing coming on
followed by chair smashing and Lawry stomping outside
If Russia wants to get a war on it needs to get in line behind Syria, Iran, North Korea, Venezuela, China, and California.
LOL!!! I just R Kelly'd myself after that!!
I somewhat agree with him except that it's more of a symbiotic relatonship than parasitic. Everybody's got some shit on their doorstep and Putin/Russia have little room to talk. He's jealous because our bankers are better at global dominion than his party was.
It is simply a matter of magnitude when it comes to Putin and Russia.
But the story of everybody's got some shit on their doorstep, waoooo...
In this US world order, exportation of shit is the Smithian paradigm.
Export the bad consequences of your actions, keep the good consequences.
And countries at the bottom have to deal with their own shit and shit they are forced to accept coming from the exterior...
...export the bad...keep the good...
Much like socialise the losses, keep the profits.
Glad to see the government learned something from wall street. Or is that the other way around?
his party and the russian revolution was created by the same group that controls the bank. all coming out now.
what? that makes no sense.
True, and I hate Putin to no end, but fck he is right! America could not last without its arch nemesis 15 years and is about to follow a similar path to ruin. So, no winners here.
Russia and China already trade without using $ so may be they will some day.
Don't forget to add IRAN in your list.
shouldnt that read world war III? or cold war II?
Great Depression II
Re-read the first word of the title.
Damn those plays on words for being so tricky. Damn those Sovi......Russians for being so correct. BTW, who exactly won Word War 2?
" BTW, who exactly won Word War 2?" cossack55
The Jews, or course.
Hudson said it, nobody reads.......(maybe they can't).
sorry tyler, im an ass, too many hours in front of the screen today. i deserve the junks.
Red flag for overt supplication.
Get off your knees.
No one deserves junks Kito. They are demoralizing and create an atmosphere of groupthink. It's the easiest way to create converts.
I too thought it said World War.
Excuse me ladies but this is Fight Club if you recall.
*and that makes 2 of you who can't read*
It use to be fight club years ago. Now it PC fight club, watered down by the musings of the cog dis. Don't hurt my feelings or scare me, ok comrade. Groupthink me!
Get back in Character you grandmother groper.
You're unfunny at best. Trollish with no constructive input beyond inspiring my complete, salivating hatred for all things TSA and what it represents. I'd go to the pokey to sock you in your halitotic face while you're in your skin tight, blue polyester monkey suit; sweating your ass off while feeling up the populace because of the, "killer health plan". Groupthink that.
What a sniveling cunt. You have hatred for ppl trying to save innocents? If you want to go to to the pokey so bad y havnt you smacked anyone yet cunt? If you hate the head house man then say it simple fucking useless racist.
Russian credit will be downgraded by morning. I know I know, in soviet Russia credit rates you.
And in America, you rate your credit! Ha ha ha ha
Putin is correct, we are parasites, but Russia is free to sell their oil in any currency of exchange they wish. Now, why don't they?
He enjoys the freedom of the extorted. Extorted are free to walk away anytime they want. No backlash from the extorter. After all, the extorter does not live off the extorted so why should he care?
US world order.
Iraq and Libya tried to sell their oil in other currencies. What happened to them? So, what is this "they are free" to do this and that business?
Ummmm, Mr. Putin, considering his past, made me think of the US middle class, that schizophrenic class by nature.
The US are first and most the best extorter of the weak and the farmer of the poor the world has ever known.
Mr.Putin does not oppose extortion and farming. Or, like a true US citizen (he only misses the ID card), he only opposes them when he is the extorted and the farmed.
The Russian, there are the middle class on the world scale. They do not oppose extorting poorer countries, on the contrary. But they oppose being extorted by the new nobility of the world, the current upper class, the US citizens.
US citizenism is spreading fast. Mr. Putin to become the new George Washington, opposing selectively misdeeds according to his own benefits.
Such is the US world order.
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