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Putin bashes Biden’s money printing experiment

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Putin bashes Biden’s money printing experiment
The Duran: Episode 1053

The President held a meeting on economic matters, via videoconference.

Meeting on economic matters

Taking part in the meeting were Chief of Staff of the Presidential Executive Office , First Deputy Prime Minister , Presidential Aide , Minister of Economic Development , Minister of Finance and Central Bank Governor . * * * President of Russia Vladimir Putin: Good afternoon, colleagues. Let us begin.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Babaloo
Babaloo
August 1, 2021

LOL. Putin teaching Biden how Adam Smith’s stealthy hand works.

Atlantic Council Roundtable
Atlantic Council Roundtable
Reply to  Babaloo
August 1, 2021

Member #1: Russia is plotting to weaken the dollar and undermine America.

Member #2: Russia is plotting to weaken the ruble to make exports more competitive and undermine America.

Chairman: Huh? You’re contradicting yourselves. Let’s just agree that Russia is plotting and release it to the media. Let them think up the rest.

Alaskan Molasses Mill
Alaskan Molasses Mill
Reply to  Atlantic Council Roundtable
August 2, 2021

The council’s plot is thickening like Alaskan mid-winter molasses.

Last edited 1 month ago by Alaskan Molasses Mill
Caveat Emptor
Caveat Emptor
August 1, 2021

Dear Mr. Partner Joe;

A word to the wise: We former Soviets have had considerable experience with central planning and Gosplan sort of stuff and it never ends up the way you think it will.

VV Putin

Donald Duck
Donald Duck
August 1, 2021

How long and why does the rest of the world continue to use the US$ as the world’s reserve currency!? It has been parasitic upon the world’s economy since it was taken off the gold standard in1971. Since then it has had a free-ride and anyone who has earned a dollar in legitimate trade won’t be able to turn a profit. So if you go to the gold window and ask for payment for the goods you have made for the US, all you will get is just another dollar in exchange. The US has the privileged ability to pay… Read more »

Franz Beckenbauer
Franz Beckenbauer
August 1, 2021

Three points: Russia has very steadily been buying gold ( real gold – not the paper fools’s gold the cowboys trade every day at multiples of world production) for the last ten years. They are now officially the fourth largest gold holder in the world. Damn, these guys are smart. Inflation numbers in russia are pretty close to reality. Inflation numbers in the U.S. are a shit show. Realistic inflation in the U.S. is easily running at double digits and getting worse. Putin’s message is very clear, if you can read russian (and i do not only mean the lamguage):… Read more »

Eveleric
Eveleric
August 1, 2021

I think that the old pedophile, pedo Joe, needs to go. You have destroyed the usa, in just over 6 months. You are a loser, and a pedophile. You stroke every little girl that gets within 10 yards of you.

Helga I. Fellay
Helga I. Fellay
Reply to  Eveleric
August 1, 2021

I agree that Joe has to go, and that was part of the plan why the DNC shoved him into that office to begin with. But the US was destroyed long before Joe was selected. He was only selected to sit in that Oval Office during the final crash, so as to have the final crash blamed on a demented old fool, rather than on those that actually brought the crash about. Old Joe about to go is merely a distraction and used as a cover so those responsible will get off free.

Eddy
Eddy
Reply to  Helga I. Fellay
August 2, 2021

My thoughts exactly Helga.

Franz Beckenbauer
Franz Beckenbauer
Reply to  Helga I. Fellay
August 2, 2021

And we know exactly what Joe’s statement will be when the crash occurs: ” Folks ! Look ! Here’s the deal ! Waiwaiwaiwai….. I really mean it ! No joke ! “

The Autocratic Democratic
The Autocratic Democratic
Reply to  Eveleric
August 2, 2021

We miss having Cackles as our POTUS. I guess Chuckles will have to do.

The Autocratic Democrat

Last edited 1 month ago by The Autocratic Democratic
Terry R
Terry R
August 2, 2021

This graph shows the extent with which US debt has increased since 2020. (axis units in $US million) Thus the debt in June was $28,529,436 million (28.5 Trillion)Any extrapolation shows that such increases are not sustainable.

comment image?s=unitedstagovdeb&v=202107132317V20200908&d1=19960807

Last edited 1 month ago by Terry R
Terry R
Terry R
August 2, 2021

The extent by which US debt has increased since 2020 is scary.

The axes of the graph in units of $US millions, shows that in June 2020, US debt was $28,529,436($28.5 Trillion). Where it will be in 2024 is anyone’s guess.

us debt.jpg
Helga I. Fellay
Helga I. Fellay
Reply to  Terry R
August 2, 2021

2024 may not be relevant, with deadly vaxx forced on everybody, Billy Goats owning all the farmland around the globe, and those not starving to death might end up either freezing to death like in Texas, drowning in floods like Germany and other places, or burning to death like on the US West Coast, just for starters.

The Autocratic Democrat
The Autocratic Democrat
Reply to  Terry R
August 2, 2021

The classic way to get yourself out of that bind is to devalue the currency.

The classic way per American rules-based order is to do that and blame a foreign party. Two even, plays better.

Franz Beckenbauer
Franz Beckenbauer
Reply to  The Autocratic Democrat
August 2, 2021

The classic way to get out of it is war. They tried it with russia and belarus. No luck. Slavs know history and the degenerate west. They might try it with china. That would be just as insane. So that’s highly likely.

Boz From Oz
Boz From Oz
August 2, 2021

Inflation as it was measured in 70s/80s is running at 13%. John Williams @ Shadowstats.
If the U.S doesn’t have the gold they claim to have, they’re totally screwed. How do they extinguish the debt otherwise? Technical default by hyperinflation.
If they do have the gold, then gold is going into the tens of thousands.

Eddy
Eddy
Reply to  Boz From Oz
August 2, 2021

Well they did steal Iraqi, Afghanistan, Libya, Venezuela (London) gold that we know of. So it’s clear, they haven’t any of their own.

The Autocratic Democrat
The Autocratic Democrat
Reply to  Eddy
August 2, 2021

Ah, but did they steal the German gold who in turn stole it from ____, who in turn stole it from ____?

Crazy stuff, these world class economic gyrations. War drums can so easily follow their unfathomable meanderings.

Beatus
Beatus
August 2, 2021

I have never really known what to make of the US money-printing that is going on, but if Vladimir Putin is worried about it then I feel it is time for me to worry as well since I generally hold his judgement in high regard. Because of the huge debt of the US and certain sociological conditions I avoid investing in the dollar. 

Eddy
Eddy
Reply to  Beatus
August 2, 2021

Putin worrying about the dollar ????? I don’t think so. Maybe worrying more about the situation that will follow when the dollar goes BANG ! The economic devastation will be World wide, and many countries that have relied so heavily upon the dollar, will be hit the worst. Putin worries about that, and rightly so, because the fall out will also effect Russia, which will be insulated to a certain degree because of their foresight, but adjoining countries, will be clamoring for Russian largess to alleviate their pain. Knowing how irrational the Ukrainians and Poles are, I dare say there… Read more »

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