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Putin warns US to eschew socialism
The American Thinker ^ | February 18, 2009 | Clarice Feldman

Posted on 02/18/2009 12:09:57 PM PST by Scanian

What is the world coming to? Pat Dollard reports the Russian leader warned the US against adopting socialism because it doesn't work: Russian Prime Minister Vladamir Putin has said the US should take a lesson from the pages of Russian history and not exercise “excessive intervention in economic activity and blind faith in the state’s omnipotence”.

“In the 20th century, the Soviet Union made the state’s role absolute,” Putin said during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland. “In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.”[Snip.]

Sounding more like Barry Goldwater than the former head of the KGB, Putin said, “Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors, and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.”

Putin also echoed the words of conservative maverick Ron Paul when he said, “we must assess the real situation and write off all hopeless debts and ‘bad’ assets. True, this will be an extremely painful and unpleasant process. Far from everyone can accept such measures, fearing for their capitalization, bonuses, or reputation. However, we would ‘conserve’ and prolong the crisis, unless we clean up our balance sheets.”

(Excerpt) Read more at americanthinker.com ...


TOPICS: Miscellaneous
KEYWORDS: debthyperinflation; democrats; evilempire; globalization; liberalagenda; neomarxism; obama; putin; socialism; tm
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To: Scanian; Brucifer

I really didn’t think I would live to see the day that the leader of Russia would feel the need to advise US against socialism. We are so screwed.


81 posted on 02/18/2009 1:28:46 PM PST by Liberty Valance (Keep a Simple Manner for a Happy Life ;o)
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To: Velveeta
I can’t discern fact from satire anymore.

Ain't that the d*mned truth!

82 posted on 02/18/2009 1:32:20 PM PST by houeto
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To: Scanian; LucyT; NormsRevenge; Dog; Straight Vermonter; G8 Diplomat; Fred Nerks; PhilDragoo; ...

Amazing!


83 posted on 02/18/2009 1:40:18 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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To: Scanian

bttt


84 posted on 02/18/2009 1:45:03 PM PST by Freedom Dignity n Honor (There are permanent moral truths.)
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To: Scanian
Video at Gateway Pundit:

Tuesday, February 17, 2009
Putin Warns US Democrats Against Socialism (Video)

Opening ceremony of the World Economic Forum in Davos, Switzerland
January 28, 2009

************************Transcript EXCERPT***********************

The following text is a transcript of Russian Prime Minister Vladimir Putin's speech at the opening ceremony of the World Economic Forum in Davos, Switzerland.

Good afternoon, colleagues, ladies and gentlemen,

I would like to thank the forum's organisers for this opportunity to share my thoughts on global economic developments and to share our plans and proposals.

The world is now facing the first truly global economic crisis, which is continuing to develop at an unprecedented pace.

The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.

However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.

There is a certain concept, called the perfect storm, which denotes a situation when Nature's forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.

Responsible and knowledgeable people must prepare for it. Nevertheless, it always flares up unexpectedly.

The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.

In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.

I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy's fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.

The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.

In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.

Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.

85 posted on 02/18/2009 1:45:22 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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To: FarRightFanatic; Scanian
Maybe our recent ex _ President Bush had a good feel for Mr. Putin...I would like to have an idea of their conversations....
86 posted on 02/18/2009 1:51:15 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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To: Brookhaven; Quix

fyi


87 posted on 02/18/2009 2:01:22 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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To: Wyatt's Torch
...the Dem's would ban Atlas Shrugged if they could... understand it<./b>
88 posted on 02/18/2009 2:05:58 PM PST by DrDavid (Is this a rhetorical question?)
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To: The_Reader_David
A small correction: Putin was never the head of the KGB. He rose to the rank of Colonel in the KGB.

Do not forget that on 25 July 1998 Yeltsin appointed Vladimir Putin head of the FSB (one of the successor agencies to the KGB), the position Putin occupied until August 1999. In my world FSB and KGB is the same.
89 posted on 02/18/2009 2:11:47 PM PST by AdmSmith
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To: AdmSmith
Do not forget that on 25 July 1998 Yeltsin appointed Vladimir Putin head of the FSB (one of the successor agencies to the KGB), the position Putin occupied until August 1999. In my world FSB and KGB is the same.

Glad I don't live in your world. Yeltsin, despite his fondness of alcohol, was a good guy. As much as anyone, he deserves credit for the fall of the Soviet Union.

90 posted on 02/18/2009 2:13:19 PM PST by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: Scanian

It must be opposite day.


91 posted on 02/18/2009 2:14:49 PM PST by PureSolace (Trust in God)
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To: chuck_the_tv_out; AngryJawa

“It’s felt like I’ve been on an extended acid trip since last November 4, but this...this is just wild, man”

Couldn´t agree more.


92 posted on 02/18/2009 2:17:42 PM PST by villagerjoel ("Gun control is a prerequisite for genocide." - Unknown)
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To: Ernest_at_the_Beach

93 posted on 02/18/2009 2:19:53 PM PST by Fred Nerks (We've got to get him out of that White House!)
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To: dfwgator
I’d feel a heck of a lot better about the Russkies, if they’d just stop helping the damn Iranians.

They just froze the sale of the S-300 missile system to them in the last 48 hours .... there is that.

94 posted on 02/18/2009 2:23:43 PM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: Scanian

Truth is stranger than fiction!

95 posted on 02/18/2009 2:25:47 PM PST by vigilante2 (I support global warming)
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To: Scanian
BTO: Better Than Obama - who knew?


96 posted on 02/18/2009 2:27:31 PM PST by paulycy (BEWARE the LIBERAL/MEDIA Complex)
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To: chainsaw

I’d rather fight for our Country back. ;)


97 posted on 02/18/2009 2:28:52 PM PST by divine_moment_of_facts
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To: B-Chan
Armageddon is turning out to be funnier than I expected.

That would make such a great tag line!
98 posted on 02/18/2009 2:31:11 PM PST by divine_moment_of_facts
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To: villagerjoel; PureSolace; vigilante2
China is concerned too....FR Thread I posted:

U.S. stimulus-related debt "could hurt investors," China warns

99 posted on 02/18/2009 2:38:55 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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To: AdmSmith
I think that Russians view the FSB as just the newer hipper version of the KGB. Although, Russians do have some more freedom than under the KGB, but perhaps with the advance of electronics, they can listen to conversations without having to grill the populace over what happened at the KGB office.
I think one thing that we can be absolutely sure of is that the FSB knows a lot more about Obama than we here in America do.
100 posted on 02/18/2009 2:58:08 PM PST by madinmadtown (BO stinks..)
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