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Word War Two: After Calling Bernanke A "Hooligan", Putin Now Says America Is "A Parasite" Living Off The Global Economy

Tyler Durden's picture




 

Three weeks ago Putin called Bernanke a hooligan. Since that remark came from the (allegedly) largest oil producing country in the world, it provoked nary a peep from America's foreign department. Today, he decided to ratchet up the rhetoric, and in a speech to a Kremlin youth group told his listeners what the bulk of the rest of the world thinks of America: ""They are living beyond their means and shifting a part of the weight of their problems to the world economy," Putin told a Kremlin youth group while touring its summer camp north of Moscow. "They are living like parasites off the global economy and their monopoly of the dollar."" Russia has not made its distrust of America clear in the past, and while others (ahem China) have been jawboning about selling Treasurys even as they continue buying US one-ply paper, Russia has been actively dumping its Treasury paper to the lowest in years. The reason for the unprovoked outburst? The insanity in Congress. "Thank god," Putin said, "that they had enough common sense and responsibility to make a balanced decision." The former KGBer's solution? Other, and more deserving, reserve currencies.

From Reuters:

Putin, who has often criticized the United States' foreign exchange policy, noted that Russia holds a large amount of U.S. bonds and treasuries.

 

"If over there (in America) there is a systemic malfunction,

 

this will affect everyone," Putin told the young Russians.

 

"Countries like Russia and China hold a significant part of their reserves in American securities ... There should be other reserve currencies."

Well, if Russia and China are so worried about the USD, perhaps it is time they finally pool their resources and release a joint currency: perhaps the Rubimbi? Or the Yuable? After all, instead of bitching constantly, just offer the global capital markets an alterantive and the market will give a thumbs up or down. Frankly, at this point any paper that is backed by something, anything, crude, copper, underground rivers, SS-30 rockets, bubble gum, or even bananas will likely fare much better than the dollar. It will also achieve the goal that the Chair "hooligan" Satan is pursuing: namely to kill the reserve currency and give American bankers a second chance at multi-billion bonuses, unencumbered by the chains of trillions in worthless RMBS on their books.

Alas, we don't see that happening for quite a while, which is why the world will continue reorienting its flight to safety to the one "tradition" that continue to appreciate despite Bernanke's continued confusion over how a yellow metal which has no cash flows can increase in value over his currency day after day after day.

And for those who claims that Russian defaulted 13 years ago, so Putin should just shut the hell up, we can only say: yes - which is why the Russian debt/GDP now is where it is.

Perhaps it is time America thought about doing the same. Oh wait, the Status Quo would have to actually find some productive jobs to do... Never mind.

 

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Mon, 08/01/2011 - 17:57 | 1514549 Cleanclog
Cleanclog's picture

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.

Mon, 08/01/2011 - 18:19 | 1514612 Landotfree
Landotfree's picture

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.

Mon, 08/01/2011 - 18:38 | 1514671 TK7936
TK7936's picture

The question isnt who colapses -thats everyone. The question is who has the capability to recover and thats more Russia than US now.

Mon, 08/01/2011 - 18:57 | 1514717 InconvenientCou...
InconvenientCounterParty's picture

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.

 

Mon, 08/01/2011 - 20:23 | 1515051 Spirit Of Truth
Spirit Of Truth's picture

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"?

PLEEEEZE!!!

Don't fix what's not broken is their mantra.

These a-holes think they are God!

http://thespiritoftruth.blogspot.com/2011/01/historical-epiphany-russias...

I disagree.

http://thespiritoftruth.blogspot.com/2010/04/good-friday-real-face-of-je...

http://www.youtube.com/watch?v=tCflJJbliew

Arrogant d&cks...

Mon, 08/01/2011 - 22:32 | 1515451 AldousHuxley
AldousHuxley's picture

This is how Putin responds to criticism "shut up or you will die"

http://www.youtube.com/watch?v=dEXF-TIJ-e8&feature=related

 

This is Putin making deals "sign or you will die":

http://www.youtube.com/watch?v=UMlsbB33QSc&feature=related

 

This is Putin's romance:

http://www.youtube.com/watch?v=53eF1-yX_lw

 

This is Putin practicing for foreign affairs "resolution":

http://www.youtube.com/watch?v=bH85R7wO1QM

 

This is Putin's party (look at that smile at 0:15):

http://www.youtube.com/watch?v=Cm-4_G0koxU

 

This guy's got KGB I-killed-so-many-I-lost-count written all over him

Mon, 08/01/2011 - 22:58 | 1515521 Fish Gone Bad
Fish Gone Bad's picture

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.

Mon, 08/01/2011 - 19:00 | 1514727 TaxSlave
TaxSlave's picture

Putin's advisors must have been reading ZH!

Mon, 08/01/2011 - 18:24 | 1514629 magpie
magpie's picture

It's simple, he just has to create oil or natgas denominated IOUs.

Mon, 08/01/2011 - 21:05 | 1515216 prole
prole's picture

Who would trust a Ruskie IOU? I would rather have green ponzi chips than a "race to default" Russian coupon.

Mon, 08/01/2011 - 19:17 | 1514780 LMAO
LMAO's picture

@ Cleanclog

True he might not be wrong, but he still is Putain.

Mon, 08/01/2011 - 19:19 | 1514797 midtowng
midtowng's picture

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.

Mon, 08/01/2011 - 17:58 | 1514550 Long-John-Silver
Long-John-Silver's picture

We are Hooligan Bitchez!

Mon, 08/01/2011 - 18:21 | 1514620 Max Hunter
Max Hunter's picture

We've been called worse, by better..

Mon, 08/01/2011 - 18:37 | 1514668 Max Hunter
Max Hunter's picture

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.

Mon, 08/01/2011 - 20:32 | 1515112 WSP
WSP's picture

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!

Mon, 08/01/2011 - 23:34 | 1515606 Real Estate Geek
Real Estate Geek's picture

sounds about right.

<sigh>

Tue, 08/02/2011 - 00:07 | 1515685 rocker
rocker's picture

Tea Party is on Putin's side. Call the tp's what you want.

Tue, 08/02/2011 - 00:14 | 1515712 MobBarley
MobBarley's picture

I feel a couple pints of Black and Tans and some traditional Gaelic singing coming on

followed by chair smashing and Lawry stomping outside

 

Mon, 08/01/2011 - 18:26 | 1514634 P Rankmug
P Rankmug's picture

If Russia wants to get a war on it needs to get in line behind Syria, Iran, North Korea, Venezuela, China, and California.

Mon, 08/01/2011 - 18:39 | 1514675 wannabe traitor
wannabe traitor's picture

LOL!!!  I just R Kelly'd myself after that!!

Mon, 08/01/2011 - 17:58 | 1514551 Cursive
Cursive's picture

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.

Mon, 08/01/2011 - 18:05 | 1514573 AnAnonymous
AnAnonymous's picture

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...

Mon, 08/01/2011 - 18:29 | 1514645 toady
toady's picture

...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?

Mon, 08/01/2011 - 18:09 | 1514581 john39
john39's picture

his party and the russian revolution was created by the same group that controls the bank.  all coming out now. 

Mon, 08/01/2011 - 18:12 | 1514592 WallStreetClass...
WallStreetClassAction.com's picture

what? that makes no sense.

Mon, 08/01/2011 - 18:11 | 1514588 WallStreetClass...
WallStreetClassAction.com's picture

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.

Mon, 08/01/2011 - 17:59 | 1514552 jo6pac
jo6pac's picture

Russia and China already trade without using $ so may be they will some day.

Mon, 08/01/2011 - 20:38 | 1515129 zerozulu
zerozulu's picture

Don't forget to add IRAN in your list.

Mon, 08/01/2011 - 18:00 | 1514554 kito
kito's picture

shouldnt that read world war III? or cold war II?

Mon, 08/01/2011 - 18:03 | 1514565 Long-John-Silver
Long-John-Silver's picture

Great Depression II

Mon, 08/01/2011 - 18:03 | 1514568 Tyler Durden
Tyler Durden's picture

Re-read the first word of the title.

Mon, 08/01/2011 - 18:12 | 1514591 cossack55
cossack55's picture

Damn those plays on words for being so tricky. Damn those Sovi......Russians for being so correct.  BTW, who exactly won Word War 2?

Mon, 08/01/2011 - 19:02 | 1514730 israhole
israhole's picture

" BTW, who exactly won Word War 2?" cossack55

 

The Jews, or course.

 


Mon, 08/01/2011 - 20:53 | 1515183 SwingForce
SwingForce's picture

Hudson said it, nobody reads.......(maybe they can't).

Mon, 08/01/2011 - 18:14 | 1514596 kito
kito's picture

sorry tyler, im an ass, too many hours in front of the screen today. i deserve the junks.

Mon, 08/01/2011 - 18:30 | 1514649 andybev01
andybev01's picture

Red flag for overt supplication.

Get off your knees.

Mon, 08/01/2011 - 18:33 | 1514654 TSA Thug
TSA Thug's picture

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.

Mon, 08/01/2011 - 18:52 | 1514700 andybev01
andybev01's picture

Excuse me ladies but this is Fight Club if you recall.

*and that makes 2 of you who can't read*

Mon, 08/01/2011 - 19:06 | 1514743 TSA Thug
TSA Thug's picture

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!

Mon, 08/01/2011 - 21:08 | 1515230 prole
prole's picture

Get back in Character you grandmother groper.

Mon, 08/01/2011 - 22:31 | 1515449 Bolweevil
Bolweevil's picture

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.

Tue, 08/02/2011 - 02:03 | 1515872 Votewithabullet
Votewithabullet's picture

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.  

Mon, 08/01/2011 - 18:00 | 1514556 Bolweevil
Bolweevil's picture

Russian credit will be downgraded by morning. I know I know, in soviet Russia credit rates you.

Mon, 08/01/2011 - 18:13 | 1514595 WallStreetClass...
WallStreetClassAction.com's picture

And in America, you rate your credit! Ha ha ha ha

Mon, 08/01/2011 - 18:00 | 1514559 Yancey Ward
Yancey Ward's picture

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?

Mon, 08/01/2011 - 18:07 | 1514578 AnAnonymous
AnAnonymous's picture

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.

Mon, 08/01/2011 - 20:31 | 1515108 Led7Zepp
Led7Zepp's picture

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?

Mon, 08/01/2011 - 18:02 | 1514563 AnAnonymous
AnAnonymous's picture

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.

Mon, 08/01/2011 - 18:08 | 1514579 Tao 4 the Show
Tao 4 the Show's picture

I'm not sure where the "order" might actually be emanating from. However, I doubt that you, wherever you live and pay taxes, are in fact free of it.

Mon, 08/01/2011 - 18:13 | 1514597 AnAnonymous
AnAnonymous's picture

Same order as today, with Russian on top, same ideology prevailing, US citizenism.

Mr. Putin is one of those unfortunate people who were born in the wrong place. This man has definitively US citizenism as his cultural background and has probably the typical US citizen genetics pool.

Alas, born in the wrong place. He would have been a very successful US citizen, joining the US military elite corps, climbing the ladder and achieving high political role in the US administration.

Wrong place of birth...

Mon, 08/01/2011 - 18:13 | 1514593 magpie
magpie's picture

Yeah we need more George Washingtons and Thomas Jeffersons of Europe. /snark /my bad

Mon, 08/01/2011 - 18:34 | 1514656 Sathington Willougby
Sathington Willougby's picture

 

Somehow it's the American middle class' fault?

It's you union socialist fucks that steal for a living.

Mon, 08/01/2011 - 23:23 | 1515587 Pay Day Today
Pay Day Today's picture

Without strong worker unions the majority of the US labour force will continue to be bent over by corporate capital and roundly screwed. You got no negotiating power and you got no ability to think or act collectively.

All the while wealthy capital works together, dines together, co-operates, socialises on the weekends, and plans collective actions to screw labour.

At least the uber rich know the importance of socialism in forwarding their own profits eh.

$8/hr will be a dream job for your kids as will the joke medical benefits which come with the position should be good for an ingrown toe nail or two.

 

 

Mon, 08/01/2011 - 18:03 | 1514567 NotApplicable
NotApplicable's picture

Somebody didn't get a White House Christmas card last year.

Mon, 08/01/2011 - 18:04 | 1514571 mynhair
mynhair's picture

He wants parasites?  Ship him that Sheila Jackson Leigh creature, with a Van Hollen back.

Mon, 08/01/2011 - 18:07 | 1514577 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

I trust Russia more than the USSA.

I trust Iran more than the USSA.

I s**t you not. I only trust logic, and those two countries make more sense than the daily/hourly bulls**t coming out of the stinking fascist USSA every day.

Mon, 08/01/2011 - 18:26 | 1514635 Stax Edwards
Stax Edwards's picture

You are very misguided my friend.  We may suck, but you do not know what you are talking about thinking the proles have it any better in those two shitholes.

Mon, 08/01/2011 - 19:18 | 1514782 Stax Edwards
Stax Edwards's picture

4 Junks for saying we have it better than Russia or Iran.  Just had to point that out.

Mon, 08/01/2011 - 22:56 | 1515513 AldousHuxley
AldousHuxley's picture
Russian police attacks two cayenne's in attempt to arrest Moscow bankrobbers(first one is innocent, but they shoot the crap out of it anyways)

 

http://www.youtube.com/watch?v=a4UuQf3j3XI

In Russia, hot chicks take up target shooting as a hobby

http://www.youtube.com/watch?v=PT1N21Dmi0M

Mon, 08/01/2011 - 18:28 | 1514638 Max Hunter
Max Hunter's picture

I still haven't met a Russian I would trust..

Mon, 08/01/2011 - 18:30 | 1514648 snowball777
snowball777's picture

In that case, I will not bury you.

Mon, 08/01/2011 - 18:39 | 1514676 Max Hunter
Max Hunter's picture

Okay.. thanks... I think

Mon, 08/01/2011 - 18:38 | 1514670 TSA Thug
TSA Thug's picture

I will be posting my Top 10 List of ZH Suspects this coming Saturday. Guess where you are on the list?

Mon, 08/01/2011 - 18:40 | 1514679 magpie
magpie's picture

Does the TSA have a pension fund ? Is it shortable ?

Mon, 08/01/2011 - 18:40 | 1514678 Reese Bobby
Reese Bobby's picture

That would be very provocative if I cared what you thought about anything.  You're act is shallow and sad my "boy."

Mon, 08/01/2011 - 18:09 | 1514582 TruthInSunshine
TruthInSunshine's picture

Putin knows the dark stain on the soul of The Bernank well.

Putin is by no means anything but a ruthless person - even Machiavelian - but that just makes it easier for him to spot his own ilk.

And The Bernank & his handlers are definitely everything Putin claims. And more.

Mon, 08/01/2011 - 18:09 | 1514583 narnia
narnia's picture

bernanke is killing the $, not running a forced prostitution ring.

Mon, 08/01/2011 - 18:10 | 1514584 user2011
user2011's picture

I guess one of the reason why Putin is pissed is because the Oil price is not down.    US had done several things to clamp the oil price down a couple of months ago.   Russian is hurting.    Isn't there an article about Russian budget is based on oil being 110 or 120 ?    And Russian is now running a deficit in the government spending.

Mon, 08/01/2011 - 18:53 | 1514705 Reese Bobby
Reese Bobby's picture

Another reason is a communist state is incapable of efficient E&P.  Beyond absconding with public assets to haunt London and New York, Russian communists aren't good at much of anything.

Tue, 08/02/2011 - 02:55 | 1515918 Freddie
Freddie's picture

Which communist state?  The Russian or African run communist state?  USSR or USSAR.

Mon, 08/01/2011 - 18:11 | 1514587 PulauHantu29
PulauHantu29's picture

Nov. 23, 2010, 11:38 p.m. EST

China, Russia to drop dollar in bilateral trade

By Chris Oliver

HONG KONG (MarketWatch) -- China and Russia will stop using the U.S. dollar to settle bilateral trade and instead use the ruble or the yuan, though the move is not meant to signal a challenge to the dollar, according to reports Wednesday.

http://www.marketwatch.com/story/china-russia-to-drop-dollar-in-bilatera...

Q: Is the Panda in the Bear Family?

A: The giant panda, or panda (Ailuropoda melanoleuca, literally meaning "black and white cat-foot")[2] is a bear[3] native to central-western and south western China. [from Wiki]

No wonder they are so close. Where does The Mighty Eagle fit in?

Mon, 08/01/2011 - 18:15 | 1514598 magpie
magpie's picture

i share the Panda color scheme and some eagle lineage

Mon, 08/01/2011 - 18:22 | 1514623 Caviar Emptor
Caviar Emptor's picture

That's only one on a growing list (they actually agreed last fall).

China swap agreements now total nearly 1 Trillion Yuan. And include many countries that trade with China. Shockingly this spring, New Zealand was added to the list. Brazil was last year. All of China's neighbors in Asia are on the list except India. 

Global reserve currency is being decided by default. Literally. 

Mon, 08/01/2011 - 21:37 | 1515322 PulauHantu29
PulauHantu29's picture

I am actually not too surpirsed about NZ ...they have very "ambivalent" feelings about the USA since the Vietnam War and still refuse to allow ANY USS Nuke Ships dock at any of thier ports.

That being said, just as "walking away" from an underwater mortgage is "purely a smart business decision"....these countries see the writing on the wall and cozying up to to the RMB (Yuan) is "purely a smart business decision"  in their opinion. After all which country is Broke and which has a massive surplus?

I agree with PIMCO's Gross and Mr El...unless we produce real growth....namely, produce something other then "consumer spending and financial paper" maybe they (and Soros and Jim Rogers and numerous other econimists) are right?

Who knows? China does have beautiful Pandas.....and NZ has...mmm...the Echidna?

Mon, 08/01/2011 - 18:14 | 1514599 Caviar Emptor
Caviar Emptor's picture

As I've been saying all day, this shit has gone global and it's no longer just financial or economic. It's going political and strategic. There are major issues at stake that aren't going away

Simply put, the Fed's policies since 2008 have failed. 

What's the plan: More of the same. 

 

Protect yourself with gold

Tue, 08/02/2011 - 00:07 | 1515686 Oh regional Indian
Oh regional Indian's picture

Simple enough CE, only more of the same is not really possible. It is all about geopolitics now. Finance and it's shennanigans are the easiest way to keep sheeple dis-tracted.

If you speak to the people in Waziristan or Khndahar or Benghazi, I don't think S&P is on their mind as we speak.

It's war prep actions all around us.

And I say protect yourself with Silver. ;-)

ORI

http://aadivaahan.wordpress.com/2011/07/30/pre-cursor-01/

Mon, 08/01/2011 - 18:16 | 1514603 AmCockerSpaniel
AmCockerSpaniel's picture

I'm not happy with these guys, and I don't see how any one out side of the Oligarchy could be. If you have any USD's in your pocket, check to see if they are still worth what they were worth when you put them in your pocket. Mine are NOT.

Mon, 08/01/2011 - 18:18 | 1514610 Goatboy
Goatboy's picture

US government - bad cop, Russian government - good cop.

They are both playing the same game which by the way is not always bad.

Mon, 08/01/2011 - 18:19 | 1514613 doomandbloom
doomandbloom's picture

THey are all in it together.....a war would solve most of the western countries problems....well..some eastern countries too.

They have been trying to start some war over the past 18 months...and have failed...

Wonder what was discussed in the Bilderberg meetings.....surely something of a war..maybe even a first prize to whoever convinces people to start a war...

 

Mon, 08/01/2011 - 18:22 | 1514622 YesWeKahn
YesWeKahn's picture

Us can't be the parasite, we are the one buying cheap chinese goods. Without parasite, human can't survive, can they?

Mon, 08/01/2011 - 18:46 | 1514692 TSA Thug
TSA Thug's picture

Linear thoughts from the Kahn. No one else is buying from China? US buying power is now insignificant to them because of subversive websites.

Mon, 08/01/2011 - 18:51 | 1514699 YesWeKahn
YesWeKahn's picture

Don't we buy the most? Look: 70% of apple's revenue came from Asia during last Q, I think 50% of that (at least) was from china. Without that, apple would be a 150$ stock.

Mon, 08/01/2011 - 19:10 | 1514755 TSA Thug
TSA Thug's picture

Brazil just overtook the US in Chinese trade and within 6 months they will leave us in the dust.

Mon, 08/01/2011 - 18:25 | 1514632 RiverRoad
RiverRoad's picture

Ooooh Putie, feel those muscles full..LEX...ing!

Mon, 08/01/2011 - 18:29 | 1514642 snowball777
snowball777's picture

Aww...Pooty Poot, don't be sour. We can't all DEFAULT and then suck on only Europe like you, buddy.

Mon, 08/01/2011 - 18:30 | 1514646 Tenma13
Tenma13's picture

coming from a man who no doubt has extensive experience on the topic of leeching. This is not really news. Why did he say it? Same reason other dictatorial clowns world wide (Mugabe recently had similar insightful comments ) have and will; to take the attention way from their own implicit and often explicit participation in the game. Mere distraction form the more important issues at hand. Let the Russians deal with their leadership, we should focus on our own.  

Mon, 08/01/2011 - 22:57 | 1515515 Mortag
Mortag's picture

Pot Kettle Black no doubt.  Nothing quite like a politician pointing fingers.  Calling those people leaders though...

Mon, 08/01/2011 - 18:32 | 1514650 Temporalist
Temporalist's picture

They're getting desperate it seems:

Buy Gold ETF Calls to Hedge Against Uncertainty, JPMorgan Says

"Buying options on the SPDR Gold Trust exchange-traded fund can help protect against financial-market uncertainty that is likely to boost the price of the metal, JPMorgan Chase & Co.’s Amyn X. Bharwani said in a note today."

http://www.bloomberg.com/news/2011-08-01/buy-gold-etf-calls-to-hedge-aga...

Mon, 08/01/2011 - 18:36 | 1514663 papaswamp
papaswamp's picture

Well Russia should get credit for at least being smart enough to be dumping treasuries so when the wheels come off they don't get skunked. 

Mon, 08/01/2011 - 18:38 | 1514669 Gold N Glocks
Gold N Glocks's picture

Putin would know about being a parasite...

Mon, 08/01/2011 - 18:40 | 1514677 mynhair
mynhair's picture

How high will the EURUSD bounce after the vote?  100 pips?

Mon, 08/01/2011 - 18:42 | 1514685 YHC-FTSE
YHC-FTSE's picture

Takes one to know one, but he's not the only prime minister in the world muttering the same words under his breath. He will just have to lump it like the rest of us and look forward to paying $100 for a big mac (*Offer only available on weekdays 11am to 11.05am)

Mon, 08/01/2011 - 18:49 | 1514696 drivenZ
drivenZ's picture

"Countries like Russia and China hold a significant part of their reserves in American securities ... There should be other reserve currencies."

 

+1000 to TD

certainly not defending the US, but seriously? F Putin, why doesn't he quit bitching and do something about it, like backing the ruble with Russian oil. Or just start outright buying commodities companies. Plenty to start buying in neighboring Mongolia. 

Mon, 08/01/2011 - 18:50 | 1514698 Sathington Willougby
Sathington Willougby's picture

New Banana America

 

Oh wasteful and rapacious lies

economy of pain

for debt mountains embarrassing

gunpoint thieving is so plain

Banana America

Banana America

God shit and piss on thee

and claim we're free

incessantly

from machine to propaganda machine

 

Oh the shame*, once great but now stolen and wasted Banana America!

 

*On both Livestock, who stuck their head in the sand and played along, and the Thieves that fuck them.

 

Mon, 08/01/2011 - 18:56 | 1514714 Piranhanoia
Piranhanoia's picture

Part of everything I say is correct. Everything I say is a lie.

Mon, 08/01/2011 - 20:00 | 1514723 toady
toady's picture

The man is one of the few left (the only?) That can speak the truth to the powerful... I wonder how long his ex-KGB group can hold out against TPTB.

Mon, 08/01/2011 - 19:06 | 1514744 Dr. Engali
Dr. Engali's picture

What did gold do in Russian terms when they defaulted? I remember when their food shelves were empty and all the chaos but I really didn't follow the markets then. Just curious if anybody out there has any info.

Mon, 08/01/2011 - 19:46 | 1514909 HL Shancken
HL Shancken's picture

The reason the US dollar is the reserve currency of the world is because at the time it became so, the United States was the only nation in the free world which could and would protect it from Soviet/Chinese aggression.

 

Now Soviet/Chinese deception has convinced the world that they should be allowed to participate in our financial markets. They have done so as a means of warfare, just as attacks by them on the dollar are a means of warfare. Every geo-political policy and every econmic policy of the Soviet/Chinese axis is adopted as a means of warfare against the United States.They are engaged in constant war against the US and conduct it by any and all means possible. This includes the intentional debasement of our currency.

 

Those of you who believe the collapse of the Soviet Union was genuine or that the adoption of state capitalism by the ruling Communist Party in China signified an abandonment of Marxism-Leninism are operating under demonstrably false assumptions.

 

http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44

 

 

Mon, 08/01/2011 - 19:52 | 1514946 MallaKite
MallaKite's picture

the Big Con's been rolling for 200 years....   It really is every man for himself

Mon, 08/01/2011 - 19:55 | 1514958 Savyindallas
Savyindallas's picture

Calling us a parasite?  Well yeah. its true, but he's still rude to say it.  What ever happened to manners? He didn't have to be so blunt. 

Mon, 08/01/2011 - 22:33 | 1515456 Chuck Walla
Chuck Walla's picture

"WE WILL BARRY YOU!"

 

~ Nikita Kruschev

Mon, 08/01/2011 - 20:01 | 1514962 Die Weiße Rose
Die Weiße Rose's picture

Putin is right in what he is saying about the US:

"They are living like parasites off the global economy and their monopoly of the dollar."

What Bernanke and the Federal reserve have been doing is a classic scam to "beggar thy Neighbour" ( http://en.wikipedia.org/wiki/Beggar_thy_neighbour ) with the help of subservient Japan and greedy slave-colony China of course. Most Americans don't object to this abuse because they don't want to pay their Taxes and object violently to any economic Austerity or even the slightest fiscal responsibility that could lower their above means Live-style and consumption. If you live in the USA you probably got the " fuck them, as long as I am right " attitude.

If you live in Europe or anywhere else on this Planet, you would have to be blind or brain-dead not to see where this Debt spiral track will leads to. The USA got into this mess by cheap credit and it seeks to get out of this mess by issuing more cheap Credit. I would call such an " Economic Crisis Plan " foolish and most probably totally insane. Eventually higher Taxes and severe Austerity will be the only way out of the Debt Spiral for the US (as with anyone who has taken on too much Debt ) For now, the USA is still in deep Denial , but not for very much longer. The last of the british Empire will also eventually fall, since it was built mostly from slavery, hopium and as for now (still) cheap credit.

Mon, 08/01/2011 - 21:16 | 1515254 prole
prole's picture

There is a slave colony, and there is an empire, and neither one of them is China or Japan.
Hint- we are one of them.

Mon, 08/01/2011 - 21:21 | 1515272 Lord Welligton
Lord Welligton's picture

Would that be the slave colony pretending to be an empire?

Tue, 08/02/2011 - 01:47 | 1515854 Die Weiße Rose
Die Weiße Rose's picture

A slave colony is any country that exploits its workers, uses them as slaves and a source of cheap Labour to manufacture goods it sells on for Profit. Many big multi-national Companies like Jag, Nike and Apple manufacture their goods in China's swet-shops, where workers have no rights and live under horrendous conditions and oppression. Workers assemble I-Phones in China for 1 USD a day, many have committed suicide, because they prefer Death to

a Life wasted in Slavery.

China is the slave-colony of the western world and the Chinese share their Profits made from this slave-labour with their Colonial Masters in the USA, some in the form of cheap Loans. As to Japan, they are so indebted and basically have been enslaved to their huge Debts ever since the Americans dropped the Nuclear Bomb on Hiroshima and Nagasaki. Then they bought 55 Nuclear powerstations from General Electric and now Japan's Debt to GDP Ratio is 250% and the country is fucked.

This is what it meansto be a slave: DEBT ! It means that you are in Debt to your Oppressors, it means that you will be exploited all your Life for cheap labour, you will have little or no rights ,( including family and kids), you will be held to ransom and kept uneducated and stupefied until you paid off your Debt or untill you throw off your oppressors.

But you should know all this, unless you are one of the unfortunate exploited and indebted slaves of course.

Mon, 08/01/2011 - 19:59 | 1514979 myne
myne's picture

Everyone points at everyone else as the problem.

Let's face it, all the major nation states have major issues.

China continues to peg their currency to the dollar, causing massive internal inflation. A lot of which is due to input costs.

They buy a lot of stuff from Australia, which, dare I say it, has a mining bubble. Only a small part of the labour population, but a large portion of our income. Our people are near the top of our housing bubble. Canada's in a similar position.

The USA buys most stuff from China, continues to expensive wage wars on multiple fronts (countries, drugs) and uses a QUARTER of the world's oil. Like nerds giving the bully their lunch money, the rest of the world reduces their consumption to appease the USA.

Large chunks of Europe got caught up in the debt mania. You'd think they would have learned after the Tulips, but alas human nature has never ever changed. At least many countries live reasonably sustainable lives, enabled by reasonable energy policies, and stablising population sizes. Unfortunately for them, by and large they opted to placate their bankers, and support the debts of the imprudent. Iceland is the notable exception.

Brazil and Malaysia continue to farm the world's most important forests, dooming us all to a day when the minimal land mass in the southern hemisphere cannot hope to support the world's oxygen during the northern winter.

Japan's been struggling to reflate their economy for 20 years. All they've succeeded in doing is prolonging the downturn into a painfully extended misery. Like watching Terry Schiavo die of starvation, long after her brain was destroyed, they've merely prolonged the mourning rather than deal with their tragic loss. Now this decay has damaged a great portion of their people and their lands because, you guessed it, attempting to save assets was more important to TEPCO than their countrymen.

The middle east continues their mixed defiance and servitude to the USA. Their leaders seek the security of having the bully on their side, while they simultaneously resent having their progress stunted. They feed the bully oil, while hoping one day for the bully to die.

Russia would do well to look at the quality of life of its own people. It is probably the richest nation left. Unlike the rest of the planet, Russia's natural resources are not only extensive but poorly explored, and diverse not only in nature, but in location.

Africa as a region is probably suffering the most. As always, the scraps from the table that trickle down into the peasants only causes infighting and overpopulation. Under the thumb of the IMF and other "aiders", large portions of it are poorly utilised, lawless, and at the mercy of the weather.

In short, as much as everyone likes to think this is a financial problem, it's far from it. We're approaching a point where we collectively cannot spend natures bounty today and hope to pay it back tomorrow. Peak oil perhaps if you're a greenie. Or perhaps simply like all life, we have spread forth and multiplied to the point where our little petrie dish is no longer big enough. Debt is a big part of the problem, since all debt is ultimately tied to natural resources. Debt can only work when there is a reasonable expectation of a greater return. At some point, and this day edges closer as our population grows, it simply will not be possible to repay. Ever.

Now I think it's possible that this can extend past my lifetime, but what's the point in that? Are we, like the Christmas Islanders honestly going to chainsaw the last tree, and account for the last ounce of gold on this planet only to find that we can no longer eat? To think we won't is folly that fails to recognise one of the fundamental goals of life: to breed endlessly until we can breed no more.

Mon, 08/01/2011 - 20:01 | 1514987 HL Shancken
HL Shancken's picture

In October 1917, we parted with the old world, rejecting it once and for all. We are moving toward a new world, a world of Communism. We shall never turn off that road.--Mikhail Gorbachev

 

Gentlemen, comrades, do not be concerned about all you hear about Glasnost and Perestroika and democracy in the coming years. They are primarily for outward consumption. There will be no significant internal changes in the Soviet Union, other than for cosmetic purposes. Our purpose is to disarm the Americans and let them fall asleep.--Mikhail Gorbachev

 

Those who hope that we shall move away from the socialist path will be greatly disappointed. Every part of our program of perestroika … is fully based on the principle of more socialism and more democracy. ... I would like to be clearly understood ... we, the Soviet people, are for socialism. ... We want more socialism and, therefore, more democracy. ... More socialism means more democracy, openness and collectivism in everyday life. … We will proceed toward better socialism rather than away from it. We are saying this honestly, without trying to fool our own people or the world. Any hopes that we will begin to build a different, non-socialist society and go over to the other camp are unrealistic and futile. Those in the West who expect us to give up socialism will be disappointed.--Mikhail Gorbachev

 

Further global progress is now possible only through a quest for universal consensus in the movement towards a new world order.--Mikhail Gorbachev

 

I am a Communist, a convinced Communist! For some that may be a fantasy. But to me it is my main goal.--Mikhail Gorbachev

 

"War to the hilt between communism and capitalism is inevitable. Today, of course, we are not strong enough to attack. Our time will come in 20 to 30 years. To win, we shall need the element of surprise. The bourgeoisie will have to be put to sleep. So we shall begin by launching the most spectacular peace movement on record. There will be electrifying overtures and unheard-of concessions. The capitalist countries, stupid and decadent, will rejoice to cooperate in their own destruction. They will leap at another chance to be friends. As soon as their guard is down, we shall smash them with our clenched fist." - Dimitry Z. Manuilsky, Soviet Chairman of United Nations Security Council, 1949

 

"There is profound error and harm in the disoriented claims of bourgeois ideologues that there will be no victor in a thermonuclear world war." - A. S. Milovidov, Russian Military Strategist

 

"To defeat an enemy you must first demoralize them and destroy their will to resist. The most consummate art is to subdue your enemies without having to fight them on the field ... Destroy by all means the weapons supplies of your opponents." Sun Tsu "The Art of War" 500 B.C.

 

 


Mon, 08/01/2011 - 20:41 | 1515145 Lord Welligton
Lord Welligton's picture

That's right.

Gorbachev was and is pure Globalist scum.

Of course he was lying to the Soviets.

Just like Obama is lying to the Americans.

 

Welcome to your Global Freedom.

Mon, 08/01/2011 - 20:10 | 1515028 snakehead
snakehead's picture

Putin is as at least as much a fraud, a whore, and statist pr*ck as anybody on earth.

Tue, 08/02/2011 - 04:19 | 1515987 snakehead
snakehead's picture

I'm betting the votes down are from 20 somethings who have no clue about history. Putin ran the KGB and that's the faction he represents now.  Look it up.

Mon, 08/01/2011 - 20:11 | 1515030 Lord Welligton
Lord Welligton's picture

“If over there (in America) there is a systemic malfunction this will affect everyone," Putin told the young Russians. "Countries like Russia and China hold a significant part of their reserves in American securities ... There should be other reserve currencies." So. Russia holds USA debt. Sell it. Put the proceeds into an American Bank. Then demand payment. Why did the USA allow itself get into this much debt to others?

Mon, 08/01/2011 - 21:01 | 1515208 YHC-FTSE
YHC-FTSE's picture

My first response to your question was, "Because they are dumb, greedy, warmongering shits", then I thought better of it and waited for an alternative answer from the depths of my experiences. I'm still waiting. 

Mon, 08/01/2011 - 21:17 | 1515259 Lord Welligton
Lord Welligton's picture

Why did the USA allow itself get into this much debt to others?

Because it's not the USA. It's the Kletpocrats that run it.

Mon, 08/01/2011 - 21:40 | 1515328 YHC-FTSE
YHC-FTSE's picture

Fair point, but they were allowed to do it in a nation that positively encouraged kleptomania, especially during the past decade. There's something very wrong with a country that turns a blind eye to politicians who quintuple their/their family/friends' net worth during their time in office. 

Tue, 08/02/2011 - 07:07 | 1516074 Die Weiße Rose
Die Weiße Rose's picture

well, after the dotcom bubble burst and revealed what a casino Wall-street and World financial markets really is,

the neo-cons around the world got together for their masterplan to achive World domination. They had their sights long set on the middle east, with the help of some friendly media tycoons like Rupert Murdoch flying over the gaza strip with Dick Cheney and surveying the sights. Then 9/11 came and it was the perfect excuse to put that neo-con new world order plan into Action. One Trillion into the war on Iraq, get Toni Blair and the rest of the anglophiles on board, another trillion on the war on Afghanistan, another few hundred billion on the war for Israel in Lebanon, another few hundred billion on the war in Pakistan, and still there was no neo-con world domination.

All these US policies since the height of the 2000 dotcom bubble, since Greenspan and all those Idiots after him, it's all been one big delirious anglophile fuck-up ! But what can you expect from a bunch of cretinous derelicts with their heads stuck so far up their arses, they have never even seen the light of day ? Nothing but bullshit and 16 trillion in Debt and counting...

Mon, 08/01/2011 - 20:21 | 1515068 max2205
max2205's picture

Takes one to know one....

Mon, 08/01/2011 - 20:25 | 1515074 Manthong
Manthong's picture

Whoa.. telepathic dupe.

 

Mon, 08/01/2011 - 20:30 | 1515096 walcott
walcott's picture

 Putin is our bitch bitchez

 

Mon, 08/01/2011 - 20:31 | 1515104 HL Shancken
HL Shancken's picture

"They [the Soviets] intend...to induce the Americans to adopt their own 'restructuring' and convergence of the Soviet and American systems using to this end the fear of nuclear conflict.... Convergence will be accompanied by blood baths and political re-education camps in Western Europe and the United States. The Soviet strategists are counting on an economic depression in the United States and intend to introduce their reformed model of socialism with a human face as an alternative to the American system during the depression."
Anatoliy Golitsyn The Perestroika Deception 1990

 

"The Soviet transition to a new political structure shows that the Soviet strategists are thinking, planning and acting in broad terms, way beyond the imagination of Western politicians. For this reason Western politicians cannot grasp the fact that the Soviet intention is to win by 'democratic' means. Through transition to a new system, the Soviets are revitalising their own people and institutions, and they are succeeding. Contrary to Western belief, they are holding their ranks together."
Anatoliy Golitsyn The Perestroika Deception 1990

 

"We are moving toward a new world order, the world of communism. We shall never turn off that road."
Mikhail Gorbachev 1987

 

http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44

Mon, 08/01/2011 - 20:51 | 1515174 Lord Welligton
Lord Welligton's picture

Outstanding.

And a perfect description of what is happening.

Headless chickens in the "West".

Fighting wars that are not their wars.

Mon, 08/01/2011 - 20:47 | 1515119 Use of Weapons
Use of Weapons's picture

 http://www.telegraph.co.uk/finance/newsbysector/industry/8349127/Mikhail... & update 6 days ago -  http://en.rian.ru/business/20110726/165396420.html

Long aluminium investors - http://www.astronautix.com/craft/polyus.htm [hint: CCCP star wars project]

 

http://upload.wikimedia.org/wikipedia/commons/5/5b/Black_Friday_1869.jpg

 

 

(Actually, I'm finding this one far more interesting - http://www.finextra.com/news/announcement.aspx?pressreleaseid=39956 ... Discover Financial in Russia, after all that pressure from Visa/Mastercard via the US government? Wonder who owns them nowadays? *cough*)

Mon, 08/01/2011 - 20:36 | 1515126 HL Shancken
HL Shancken's picture


Golitsyn is probably the most important Soviet defector ever to have reached the West. The reason for this is that he revealed the details of a long-range deception strategy of which the West previously had no knowledge. When debriefed, he emphasized, as he has done ever since, that because of his background of working within the "inner KGB" — a super-secret strategic planning department of which not even ordinary KGB officers were aware — he was uniquely qualified to inform the West about Soviet strategy. One of the superficial criticisms frequently made about Golitsyn is that he has been "out of the loop" since defecting to Finland with his wife and daughter in 1961, so how could he possibly know what was going on? People who say this reveal a failure to understand Golitsyn's significance, and what he has to offer the West.


In summary, Golitsyn's importance is that, unlike all other defectors, Golitsyn discusses and elaborates upon Soviet strategy. By contrast, defectors like Oleg Gordievsky discuss mundane matters concerning the manner of their "escape" from the Soviet Union, perhaps revealing valuable operational information in order to gain the confidence of (in Gordievsky's case) Britain's MI6, before inserting strategic disinformation in their output. Golitsyn is different. He has spent his years in the West explaining patiently that the Soviets follow Leninist strategic principles, and are engaged in a deadly long-term war against the West. The Soviet revolutionaries have followed Lenin's advice to "work by other means." --Christopher Story

 

http://reformed-theology.org/html/issue07/perestroika_01.htm

 

http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44


Tue, 08/02/2011 - 10:19 | 1516591 John Prewett
John Prewett's picture

from: What is the Final Phase ? by J.R. Nyquist

"Julien Benda once wrote:

"Our age is the age of the intellectual organization of political hatreds." .......

Today, the central targets of organized political hatred are

                 Israel   and the   United States."

 CONVERGENCE: 

Downfall of USA = “green light” for invasion of Israel.

USA has Muslim supportive POTUS & State Dept.

Nations around Israel recently becoming more hard line Islamic.

September U.N.  recognizes Palestinian state. 

Mid East war erupts.

USA financial house of cards falls.   USA plunged into violent chaos.

UN authorizes  invasion of Israel.   Ezekiel 38-39 comes to pass.   

Then world amazing reappearance of the supreme “beast”

[who has had “terrible,  fatal appearing head wound”]

of Rev 13 comes to pass.

http://www.mosquitonet.com/~prewett/   

 

 

 

Mon, 08/01/2011 - 20:37 | 1515128 huckman
huckman's picture

If our debt is $16.5 trillion, what sum of public liquid assets would be considered adequate?

Mon, 08/01/2011 - 20:42 | 1515148 gangland
gangland's picture

 

how about the penal colony formerly known as california.

 

Mon, 08/01/2011 - 20:39 | 1515135 gangland
gangland's picture

 

putin in full campaign mode.  you're looking at the next russian president.

 

 

Mon, 08/01/2011 - 20:55 | 1515189 Lord Welligton
Lord Welligton's picture

Correct.

And if he doesn't get it.

He'll take it.

Mon, 08/01/2011 - 21:16 | 1515257 gangland
gangland's picture

 

oh it's a done deal, they're going to have "elections".  i 'm very curious as to what medvedev is going to do.

 

Mon, 08/01/2011 - 21:28 | 1515291 Lord Welligton
Lord Welligton's picture

He will put up a bit of a show.

Then he will allow himself be undermined.

He will retire.

Probably get a nice job at the UN, a few cars, a jet and a couple of holiday homes.

After all Putin put him in place.

Medvedev was and is nothing.

If I were in his shoes I'd take "retirement".

Mon, 08/01/2011 - 23:53 | 1515651 gangland
gangland's picture

 

yup, awesome, un and retirement. I think you called it. maybe even if ambitiously more, a charismatic somewhat disarming putin pawn in the mix somewheres.

 

 

Mon, 08/01/2011 - 20:41 | 1515143 lasvegaspersona
lasvegaspersona's picture

The entire world is upset that the USA, having closed the gold window in 1971, has maintained the 'exorbitant privelege' of being the reserve currency. But this is ending, and when it does we shall have to have a new one. If the dollar falls before one is ready, it will get messy. I think that hyperinflation will get the dollar sooner rather than later. The Euro probably will not hyperinflate simply because the Euro is not beholden to any one country, unlike the dollar which is entirely subject to the political will of the USA. Gold will rise as the dollar crumbles. The dollar will suffer but the Euro will gain as its balance sheet rises with the rise of gold. This will be interesting to watch and less painfiul with just a little physical gold.

Mon, 08/01/2011 - 20:49 | 1515162 gangland
gangland's picture

 

$2000 gold by the end of the year. aud/usd 1.50 by the end of the year.

 

"we're doubling our exports to the world" - potus 44 #winthefuture

 

Tue, 08/02/2011 - 04:28 | 1515995 johny2
johny2's picture

Both USD and Euro are with one leg in the grave. So are the rest of the fiat currencies. Next stop for most of us is probably a big war or a new world order with a new currency. It is too much of a leap for me to hope for the end to slavery for the masses, even if some of us manage to live with longer chains. And who is to blame for this mess? Ourselves, because we are easily corrupted. And that is not going to change anytime soon.

Mon, 08/01/2011 - 21:02 | 1515196 HL Shancken
HL Shancken's picture

General Shelepin, sitting in his office on Dzerzhinsky Square, was given the task of stage-managing the apparent collapse of the Soviet Union and the breakup of the communist bloc as something that would be believable to the leaders and masses of the Western World.  It was Shelepin’s job to set up an apparatus designed to foster, then exploit, Western hopes.  Nor would this be the first such exploitation….

 

Here we have the most ambitious strategic undertaking in history.  This ambitiousness protects the Shelepin plan from discovery.  For being alien to everything that has happened in history so far, few will credit its reality.  Since most of us expect that other people think as we do, it is difficult for us to imagine people who would predicate themselves upon a long range strategy which we would be incapable of following even if we wanted to.  In fact, it is the seeming sanity of Soviet leaders that keeps us from believing that a Shelepin plan exists. 

 

The communists appear to be cool, practical, and down-to-earth.  But, as Machiavelli said: ‘Everyone sees what you appear to be, few experience what you really are.  And those few dare not gainsay the many….’  And as we leave the seminars and think-tanks of the American strategy establishment, shaking our heads at the elegant men with their equally elegant but wrongheaded analyses of the Soviet bloc’s breakup, we begin to appreciate to what extent we are confronting one of the truly great works of art in the whole of human history.  For the Soviet long range strategy is, if anything, a work of art.  And so artful is this work, that if a Western analyst began to believe in its existence, the belief would discredit him as a lowbrow crankish paranoid. 

 

This gives us pause to consider the great advantage accruing to those Machiavels whose very lives are monuments to bad taste; and who teach us how easy it is to hide from elegant men a reality which resembles bad fiction.  For elegant men will refuse, from the first page onward, to read such a reality; and therefore will prefer the more tasteful and elegant fictions propagated by the KGB.”

 

--Nyquist, J.R.  Origins of the Fourth World War. Eureka: USA Broadway Printing, 1998, 49-50

 

http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44

Mon, 08/01/2011 - 21:27 | 1515284 SovietCong
SovietCong's picture

Yeah, let's have a good laugh about the Rubimbi or the Yuable, spiced up with some condescending remarks. However, as I believe many ZHers have known for quite a while, while Russia and China have yet to come up with an asset-backed currency, they are in fact quite actively trying to not to enable the dollar, including lining up Asian countries willing to settle bilateral trade acounts in local fiat.

And I seriously doubt it is Ben's goal to deprive the dollar of its rerserve status. He deludes himself into believing he can eat a cake and have it too: keep debasing the dollar, thus diluting the debt and boosting competitiveness of the U.S. while retaining the "exorbitant privilege". It won't work eventually, but so far, I'd say the ponzification of the dollar works pretty damn good, which is exactly the reason why the fall, when it finally comes, will be so spectacular.

Mon, 08/01/2011 - 22:35 | 1515460 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

UNLESS, the good ole' U.S. of A has a trick up her sleeve, a trump card we dont know about yet. Along the lines of the "god particle". Stranger things have happened.

Mon, 08/01/2011 - 21:28 | 1515289 tempo
tempo's picture

Ijust read "The Help", a book about domestics in the 1950s. The only difference between now the 50's is that "our help" work for $200/month in terrible conditions in China/India/etc. Of course, they are out of sight and out of mind. Our kids needs entertainment.

Mon, 08/01/2011 - 21:49 | 1515346 HL Shancken
HL Shancken's picture

"I have personally witnessed the heart rending results of the loss of freedom. I have talked face to face with the Godless Communist leaders. It may surprise you to learn that I was host to Mr. Khrushchev for a half day when he visited the United States, not that I am proud of it. I opposed his coming then and I still feel it was a mistake to welcome this atheistic murderer as a state visitor. But according to President Eisenhower, Khrushchev had expressed a desire to learn something of American agriculture and after seeing Russian agriculture I can understand why.

 

As we talked face to face he indicated that my grandchildren would live under communism. After assuring him that I expected to do all in my power to assure that his and all other grandchildren would live under freedom he arrogantly declared in substance - You Americans are so gullible. No, you won't accept communism outright but we'll keep feeding you small doses of socialism until you finally wake up and find you already have communism. We won't have to fight you. We'll so weaken your economy until you fall like overripe fruit into our hands."--Ezra Taft Benson

 

http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44

Mon, 08/01/2011 - 22:32 | 1515450 Chuck Walla
Chuck Walla's picture

What did you think he menat when he said: "WE WILL BARRY YOU!"?

Mon, 08/01/2011 - 22:49 | 1515494 HL Shancken
HL Shancken's picture

Both clever and apropos, comrade. Well done!

Mon, 08/01/2011 - 22:30 | 1515444 Chuck Walla
Chuck Walla's picture

Man, Putin doesn't mince words!

Mon, 08/01/2011 - 22:33 | 1515454 AldousHuxley
AldousHuxley's picture

This is how Putin responds to criticism "shut up or you will die"

http://www.youtube.com/watch?v=dEXF-TIJ-e8&feature=related

 

This is Putin making deals "sign or you will die":

http://www.youtube.com/watch?v=UMlsbB33QSc&feature=related

 

This is Putin's romance:

http://www.youtube.com/watch?v=53eF1-yX_lw

 

This is Putin practicing for foreign affairs "resolution":

http://www.youtube.com/watch?v=bH85R7wO1QM

 

This is Putin's party (look at that smile at 0:15):

http://www.youtube.com/watch?v=Cm-4_G0koxU

 

This guy's got KGB I-killed-so-many-I-lost-count written all over him

Mon, 08/01/2011 - 22:40 | 1515465 Vendetta
Vendetta's picture

Stay thirsty my comrade

Mon, 08/01/2011 - 22:43 | 1515474 PaperBugsBurn
PaperBugsBurn's picture

bla bla bla

 

pull that oily trigger, biatch

 

 

Mon, 08/01/2011 - 23:43 | 1515629 Problem Is
Problem Is's picture

The Bernank: 2nd Dimmest Bulb on Planet Earth
We say the same thing as Putin... Just not in Russian...

BTW: #1 Dimmest Bulb?
Timmay "No Plan B" Jeethner...

Mon, 08/01/2011 - 23:49 | 1515643 tyler
tyler's picture

Putins just mad the Fed hasn't given him any Benny Bucks.   

Tue, 08/02/2011 - 00:27 | 1515730 MobBarley
MobBarley's picture

You strategically left out the part where he said 'DUAL CITIZENSHIP ISRAELI OVERRUN ZIONIST "AMERICA"' before the 'PARASITE' part.

 

 

 

Tue, 08/02/2011 - 02:09 | 1515876 Peter K
Peter K's picture

You just got to love ole Rootin Tootin Putin. I guess the time at the ranch in Crawford must be a distant memory. But with 1.3b Chinese just across the boarder, maybe it would be wise to hold back a bit. Aye?

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