Putin Denounces American Parasite While Russia Increases Treasuries 1,600%
By Alena Chechel, Scott Rose and Jack Jordan - Aug 19, 2011 1:29 AM PT
Bloomberg
For Russian Prime Minister Vladimir Putin, the U.S. is a “parasite” because its rising debt weighs on the global economy. For his government, the same debt is the safest possible investment.
Russia, the world’s largest energy producer, has boosted its holdings of U.S. debt by more than 1,600 percent since September 2006, according to U.S. Treasury Department data. Russia used surging commodity prices to build the world’s third- largest reserves pile, boosted in part by return on Treasuries. FULL STORY
It is just me, or is something WEIRD going on?
The Communist and former Communist countries now OWN the US. And the US is still running around the world throwing money away like confetti and sticking our noses in every bar room fight we can find. What the HELL?
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