Putin is Better than Goldman Sachs (Komsomolskaya Pravda, Russia)

Despite recent unrest over the rule of Vladimir Putin and the perception that the recent Duma elections were rigged in favor of his party, many Russians regard him as a hero that has protected the nation from Western interests seeking to undermine Russian influence. For the Komsomolskaya Pravda, columnist Dmitry Voskoboinikov writes that whatever warts Putin and Russia may have, at least they aren’t being governed by Goldman Sachs retreads like Greece, Italy and the European Union.

For the Komsomolskaya Pravda, Dmitry Voskoboinikov starts out this way:

I doubt that the “United Russia” Party got 46.5 percent of the vote in Moscow. I think that is about twice the actual total. These Duma elections have left an unpleasant aftertaste.

But my country hasn’t ceased to be my country. And all the more infuriating are the cries of “democrats from afar,” who for some reason consider themselves entitled to rant from above about what happens in Russia. We have many things wrong here. But you excited monkeys who have gotten your mirrors dirty better wipe them clean and take a look at yourselves. Just see what’s happening in the European Union.

I do not know if you’ve noticed, readers, that the recently-installed leaders of Greece and Italy were not elected by the people. Former head of the Bank of Greece and senior economist for the Federal Reserve Bank of Boston, Lucas Papademos, was appointed prime minister of Greece. He was made head of government right after his predecessor Geogrios Papandereu lost his nerve and decided to hold a referendum on the need for even harsher austerity measures. Essentially, he got too cocky about conforming to the “people’s will.” Papademos, however, knows first hand how some ten years ago, his country – with the help of one of the largest global investment banks – “Goldman Sachs” – hid its huge debts from other eurozone countries. He knows and keeps quiet. So he has prospered.

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Author: WILLIAM KERN (Worldmeets.US)

Founder and Managing Editor of Worldmeets.US

  • http://wideeyedandreal.blogspot.com ProfElwood

    Goldman Sachs seems to be a good place to start a political career. Here’s a partial list of executives, advisers, and lobbyists that have moved into public office:

    Goldman Sachs executives and ex-executives:
    Petros Christodoulou, head of Greece’s debt management agency
    Mario Draghi, the new head of the European Central Bank
    Antonio Borges, formerly head of the IMF’s European Department
    Peter Sutherland, former Attorney General of Ireland
    Henry Paulson, Former Treasury Secretary

    Goldman Sachs international (ex-)advisors and lobbyists:
    Mario Monti, Italy’s new prime minister and finance minister
    Otmar Issing, Executive Board of the European Bank
    Karel van Miert, former EU Competition Commissioner
    Mark Patterson, Chief of staff
    Timothy Geithner, Secretary Treasurer

    I think Russia is right to be leery of having GS attitude in their government.

  • Rcoutme

    I am leery of having GS exist at all. I have been watching with trepidation the power of these banksters for a number of years. I had hoped that Obama (in spite of his donation list) would at least prosecute the banksters and cut down their power. Instead, the Justice Department seems to play the game of, “We can’t prosecute cuz we don’t know anythin’”. Even though the AG’s of several states are rolling the mortgage companies for fraud by starting from the lower part and going up (giving lighter sentences to low level miscreants who tell on their former bosses).

    In the end, GS will not be able to keep receiving the interest it so craves. Even the ancient Sumerians knew that debts had to be periodically written down. GDP grows in S curves, debt grows exponentially. Eventually, debt outstrips the possibility of growth to ever pay it off. That has occurred. Now it is time for the banks to realize it. The longer they wait, the harder the fall.