Putin Calls U.S. a "Parasite" on Global Economy

Posted by Mike Tirone - Tuesday, August 2nd, 2011

Name-calling never makes the American public feel very good, especially when coming from one of our newly-added and supposed “allies” in Russia.

Russian Prime Minister – and self proclaimed “badass” – Vladimir Putin has accused the United States of acting “like a parasite” on the global economy.

“They are living beyond their means and shifting a part of the weight of their problems to the world economy," the Prime Minister sneered.

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

This quote comes from Putin on Monday just after President Barack Obama announced a last-ditch deal to cut about $2.4 trillion from the U.S. deficit over a decade. Interestingly enough, due to the U.S. debt deal easing anxieties, it led Russian stocks to jump to three-month highs.

But Putin has often criticized his fellow super power, and rightfully so, as Russia holds a very large amount of the U.S. bonds and treasuries.

"If over there (in America) there is a systemic malfunction, this will affect everyone. Countries like Russia and China hold a significant part of their reserves in American securities...There should be other reserve currencies.”

Putin still holds a 70% approval rating in Russia.

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