Did you ever think you’d see the day when Vladimir Putin seems to be more concerned about the future of the United States than Ben Bernanke is?
If this story from Zero Hedge doesn’t sum up the dismal state of our economy, nothing does:
In a speech before the of economic experts at the Russian Academy of Sciences, the Russian prime minister had the following to say: “Thank God, or unfortunately, we do not print a reserve currency but what are they doing? They are behaving like hooligans, switching on the printing press and tossing them around the whole world, forgetting their main obligations.”
What appears to have angered the former KGB spy is the end of QE2. According to RIAN: “Putin’s comments came in the wake of the completion of the US’ quantitative easing (QE) 2 program on June 30, in which the Federal Reserve bought $600 billion worth of its Treasury bonds. The Fed’s first round of QE, which ended in March last year, amounted to less than half the size of QE2.”
Bernanke’s response? He’s now proposing QE3, which is also known as the Barack Obama Reelection Slush Fund.
The macho Putin could break Bernanke in half like a twig. And we kind of wish he would.
Source: Zero Hedge
