PUTIN @ Davos... by out2theblack

REAL WORLD EVENT DISCUSSIONS

PUTIN @ Davos...

POSTED BY: OUT2THEBLACK
UPDATED: Tuesday, February 3, 2009 11:45
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Monday, February 2, 2009 2:30 PM

'...Putin made his case that the existing financial system based on the US dollar and American financial hegemony has failed.

Putin showed that his economic understanding was superior to that of the Obama team when he said that creating more debt on top of the “hopeless debts,” as Obama is doing, would “prolong the crisis.”

With another swipe at America’s failed economic leadership, Putin said it is time to get rid of virtual money, false financial reports, and dubious credit ratings. Putin proposed a new reserve currency system to “replace the obsolete unipolar world concept.”

Putin said that a secure world requires cooperation which requires trust. He made it clear that the Americans have proven that they cannot be trusted.

This was a powerful message. It got a lot of applause.'

There's much more information at this LINK :

http://www.informationclearinghouse.info/article21885.htm

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Monday, February 2, 2009 3:20 PM

DREAMTROVE

Quote:
Putin showed that his economic understanding was superior to that of the Obama team when he said that creating more debt on top of the “hopeless debts,” as Obama is doing, would “prolong the crisis.”

This assumes that prolonging the crisis is not Obama's goal. It's entirely possible that making the situation worse for the next guy is the modus operandi for American leaders, due to their short terms.

Buffet predicted that Bush's economic model would cause a total systematic collapse by 2015. If Obama can put that off a couple years, it's not hist problem anymore.

I read an interesting analysis of this perpetuation theory that said after the credit collapse due to the 1913 fed rev. act, the great depression became the continual state of the american economy. Rather than recovering, FDR post-poned the problem by throwing the nation into debt (and also war) and that it had essentially been postponed ever since.

IMHO, Our current problem is another credit fiasco, and it will create the greater depression, and it, like the depression, can be passed on in perpetuity, until eventually, the who system collapses.

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Monday, February 2, 2009 4:06 PM

FREMDFIRMA

Putin has some cojones, that's for damn sure - but he's prettymuch signed his own death warrant by going up against the global financial cartels.

Then again, them being the primary factor in the collapse of many nations, it's not a stretch to wonder why the russians bear a grudge.

-F

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Monday, February 2, 2009 5:00 PM

DREAMTROVE

Putin cannot sign his own death warrant. Putin travels with no secret service. The reason is more peculiar. Many popular leaders don't, but Putin has enemies, lots of them. To Putin, secret service would be a liability.

It's literally true, too. He can take on the number of assassins that his enemies would throw at him, and probably spot them even in random highrise windows. But should a team of twenty armed me in close proximity turn against him, it might be an issue.

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Tuesday, February 3, 2009 7:55 AM

FREMDFIRMA

Well, one thing I'll give him is that he is sincerely a badass motherfucker, and I say that with the *deepest* respect, whether or not I care for him or his policies personally.

His resume is undeniably strong, and if you read between the lines it leaves no doubt whatever that the man is an absolute ballbuster who's not afraid of playing any kind of dirty pool there is.

He's not a dude I'd wanna hang out with, but damn me, if it ever comes to cases you want him on YOUR side, if for no other reason than if he's on your side, he ain't on theirs!

I give him an A+ on the Evil Overlord Scale.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Tuesday, February 3, 2009 8:26 AM

JAYNEZTOWN

The dollar is the worst reserve currency -- until you consider the alternatives
http://drezner.foreignpolicy.com/posts/2009/01/23/the_dollar_is_the_wo
rst_reserve_currency_until_you_consider_the_alternatives

Quote:
Originally posted by Fremdfirma:

His resume is undeniably strong, and if you read between the lines it leaves no doubt whatever that the man is an absolute ballbuster who's not afraid of playing any kind of dirty pool there is.

Vladimir Putin 'wanted to hang Georgian President Saakashvili by the balls'
http://www.timesonline.co.uk/tol/news/world/europe/article5147422.ece
Mr Sarkozy thought he had misheard. “Hang him?” — he asked. “Why not?” Mr Putin replied. “The Americans hanged Saddam Hussein.”

Mr Sarkozy, using the familiar tu, tried to reason with him: “Yes but do you want to end up like [President] Bush?” Mr Putin was briefly lost for words, then said: “Ah — you have scored a point there.”

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Tuesday, February 3, 2009 8:27 AM

CITIZEN

Quote:
Originally posted by dreamtrove:
I read an interesting analysis of this perpetuation theory that said after the credit collapse due to the 1913 fed rev. act, the great depression became the continual state of the american economy. Rather than recovering, FDR post-poned the problem by throwing the nation into debt (and also war) and that it had essentially been postponed ever since.

So America never emerged from the great depression? That doesn't make any sense. America wasn't a super power, either militarily or economically prior to the depression, but it steadily became one over the last 50-60 years. The market had recovered to a pre-1929 position around the mid 1950's, so I'm at a loss how anyone could say that the US never recovered from the Great Depression. Unless I'm not understanding.

Quote:
Originally posted by Fremdfirma:
He's not a dude I'd wanna hang out with, but damn me, if it ever comes to cases you want him on YOUR side, if for no other reason than if he's on your side, he ain't on theirs!

I have to say Frem, I'm surprised to hear you say that. Putin is an authoritarian psychopath, all those people you scream about in your government are pussy cats next to that fucker.

More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.

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Tuesday, February 3, 2009 9:00 AM

FREMDFIRMA

Well aware of that, and worse, he's GOOD AT IT, unlike our homegrown incompetents.

That being more than the other, what pisses me off at them!

Anyhow, evil or not, I don't have to like the guy to respect his absolute badassery.

-F

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Tuesday, February 3, 2009 9:08 AM

CITIZEN

Quote:
Originally posted by Fremdfirma:
Well aware of that, and worse, he's GOOD AT IT, unlike our homegrown incompetents.

That being more than the other, what pisses me off at them!

Anyhow, evil or not, I don't have to like the guy to respect his absolute badassery.

-F

Ah. Though I'm not sure how good at it he really is. Being an authoritarian nutcase in a country that still looks fondly on Stalin is like shooting political dissidents in a barrel. The guy was a bigger mass murdering nut than Hitler, and there's a good proportion of Russians that mention Stalin and then sigh, staring off wistfully into the distance. They probably think Putin is a little bit too 'softly softly'.

More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.

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Tuesday, February 3, 2009 11:45 AM

DREAMTROVE

FREM.

Lol... Until he turns into a giant snake

Cit,

Agreed on Stalin.

Depression economics

1. put off the depression as debt... Not returning to a pre-depression economic balance. The alternative move would have been to reduce taxation, reel in credit abuse, and regain control of the currency.
Instead, the policy was: "Save today by mortgaging tomorrow." That seems to be the approach again.

New tax bracket coming in at 50%
Top wage earners could be paying 50%+state+local+entitlements+amt? That's going to be 75%-80% in tax, not to mention state sales tax on everything they buy, and possible vat, should it pass.

Said tax bracket to probably start at incomes over 250k. But figure in the effect the debt will have on the value of the currency, all working incomes could be over 250k in just a couple yeaars, with less buying power than they have today.

This has been dragging america down since the 60s: After the lend lease cash flow of the 40s and 50s was spent, the nation in perpetual debt, we slid into a tax system where the average american worker's salary was half tax and bennies.

For an american employer, hiring an american is like hiring a worker, plus, hiring an extra person who never comes in or does anything called "that workers taxes and bennies." In some places it's already like hiring 2 ghosts.

Now in some cases it's worse, it could become 80%. That would mean hiring 4 ghosts. No wonder american companies outsource.

BTW, I get where this leads people to support US socialized medicine, but I know our govt. Maybe someone else can do it well, but our guys would spend even more on it than we are already. Taxes would go up with extra medical expenses of drugmaers, etc. charging $100+ a pill for some things that don't even cost a penny to make.

IMHO, Healthcare should be something that the worker can afford out of his own pocket, control costs through open competition.

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