America’s possible default has resonated far and wide. Russia’s prime minister says that the current deal struck by US lawmakers will not solve the underlying issues.
Vladimir Putin believes that raising the ceiling yet again only signals delay in tackling inevitable problems.
“Actually, there’s nothing good about it. It’s just postponed making more systematic decisions,” Putin said.
The PM stressed that in doing so the US is putting pressure on the global finance system.
“This colossal debt, 14 trillion or more, means that the country has been living on credit, which is really bad for one of the world’s leading economies. They live beyond their means, and put a part of their burden on the entire world’s economy,” Putin added.
The way out, Putin believes, is in varying the existing currency system.
“To some extent, they sponge on the world’s economy and on their monopolistic dollar position. Other reserve currencies should show up in the world, not just the dollar, and that the euro should be consolidated,” Putin said.
“Asia should come up with regional reserve currencies. The ruble can become a regional reserve currency,” the PM added.
THE COMMENT FINE PRINT - IN DEFENSE AGAINST MENTAL MIDGETS:Why do you not respond to my comment? Why is my comment gone? Why are you mean? Why do I hate you for erasing my comment? Why do you hate me for my comment? Why is cussing not allowed (Sometimes you do it - sorta!), when it helps me express my feelings? Why are you a #$&%@#? Why is it wrong to wish you dead? Why do you love Russia? Why are you stupid? Why are you unpatriotic? Why is, why is, why is and why is? My GOD man, Why are you worse than a communist?
The above manifestations of a horde of mental midgets is why I only respond to comments that have signed up to be a user of the blog! (Top right of website is link!) Anyone can comment and anyone can be erased after they comment, but only someone who takes the time to sign up gets a second look from me at the comment. Sorry: I have to draw the line somewhere and when you get thousands of spam, hate and death threat comments a day, then all you do is look at spam, hate and death threats, then I never get anything else done. If you comment after signing in, then I will get a message that someone has tried to post a real comment?
Thanks for understanding and even if you don't understand, thanks anyway...
Another day in the life of Windows to Russia...