Paul Craig Roberts: US should listen to Putin + Putin’s Speech

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Seth commented on this video
We are faced, not with the Crisis of the 1930's, but of the 1830's. Read your history text and find that a import tariff in 1842 was able to extracate the United States from the problems of over spending and Debt Accumulation. Be prepared for the worst, Deflation.
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Dandelion Salad RussiaToday Washington should listen to anti-crisis measures proposed by Vladimir Putin, according to Paul Craig Roberts, former assistant secretary of the U.S Treasury during the Reagan Administration. more about “Paul Craig Roberts: US should listen …“, posted with vodpod *** Putin speaks out at Davos’ opening The keynote speech by Russian PM Vladimir Putin at the opening ceremony of Davos World Economic Forum. more about “Putin speaks out at Davos’ opening“, posted with vodpod *** Putin answers questions at Davos For the first time in the history of the Forum Russian politician Prime Minister Vladimir Putin will deliver the keynote speech. The speech is followed by Panel Discussions. more about “Putin answers questions at Davos“, posted with vodpod *** The World is Facing the First Truly Global Economic Crisis by Vladimir Putin Global Research, January 29, 2009 World Economic Forum Prime Minister Vladimir Putin’s speech at the opening ceremony of the World Economic Forum Davos, Switzerland January 28, 2009 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. [...] 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 financ
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