- Prison Planet.com - http://www.prisonplanet.com -

Putin says U.S. is a “parasite” on global economy

LAKE SELIGER
Reuters [1]
Monday, August 1, 2011

(Reuters) – Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means “like a parasite” on the global economy and said dollar dominance was a threat to the financial markets.

“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.”

President Barack Obama announced a last-ditch deal to cut about $2.4 trillion from the U.S. deficit over a decade, avoid a crushing debt default and stave off the risk that the nation’s AAA credit rating would be downgraded.

Full story here. [1]