Russia Blames U.S. for Global Financial Crisis

Freedumb, Freedumb, Read All About It! In a world of exploding human population, with its myriad needs, wants and desires, the economy keeps falling, with more and more working people around the world, poorer, lacking basic needs and going hungry. Freakohnomics: The new 21st Century Supply & Demand Economics - absolute greed, absolute power brings on absolute madness - Turns into Freakohnomics gone berserk. Or mafia economics by deliberate Design - the greater the need, the higher the price of all commodities required to sustain Life. The Outcome, economic strangulation and workaholic enslavement of a people was not designed by the lord thy God, nor is it Nature's Law, nor a scientific law

The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence.

The Solution: The Promise of New Energy Systems & Beyond Oil

Evaporates the Problem: The ill designed "Corporism: The Systemic Disease that Destroys Civilization." when lacking a Bill of Rights for Human Life

Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).

As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.



Russia Blames U.S. for Global Financial Crisis
Russian President Says "Aggressive" U.S. Policies Put Global Market at Risk
By Michael Stott
ABC Reuters 6/7/08
ST PETERSBURG, Russia
Russian President Dmitry Medvedev blamed "aggressive" United States policies on Saturday for the global financial crisis and said Moscow's growing economic muscle could be part of the solution.
"Failure by the biggest financial firms in the world to adequately take risk into account, coupled with the aggressive financial policies of the biggest economy in the world, have led not only to corporate losses," Medvedev told Russia's main annual event for international investors in St Petersburg.
"Most people on the planet have become poorer."
The Kremlin leader said investment by cash-rich Russian companies abroad, promotion of Moscow as a major financial centre and use of the ruble as a reserve currency were part of the answer.
These could help solve problems created by what he said was a gap between the United States' leading global economic role and "its true capabilities."
The Kremlin leader said economic nationalism had played a big part in triggering the current crisis, which he compared to the Great Depression of the 1930s.
"No matter how big the American market and no matter how strong the American financial system, they are incapable of substituting for global commodity and financial markets," Medvedev told the St Petersburg International Economic Forum.
The Kremlin leader also attacked big bonuses paid out in the financial world, saying regulators needed to ensure that incentives promoted "rational behavior based on a balanced evaluation of risks and rewards."
U.S. Secretary of Commerce Carlos Gutierrez, who spoke shortly after Medvedev, appeared to reject the criticism.
He said the United States had never based its policies on "economic egoism" and believed in free trade.
"Globalization is in the national interest," he added.
Medvedev said Russia, now in the 10th year of an economic boom fuelled by soaring prices for its oil and gas exports, was in an ideal position to help solve the world financial crisis since it did not share the problems of other leading economies.
"Russia is now a global player and understands its role in
supporting the global community," the president added.
"I propose holding a representative international conference involving the heads of the biggest financial companies and leading financial analysts...as early as this year," the Kremlin chief said. "Such a platform could become a permanent one."
The Kremlin has encouraged Russian companies, which are flush with cash from high commodity and oil prices, to invest more actively abroad but this has caused alarm in Western nations, which are traditionally suspicious of Moscow's intentions.
Medvedev said other countries had nothing to fear from Russian investment in their companies since it was "neither speculative nor aggressive" but purely based on pragmatism.
Sworn in last month as president, the Russian leader said world institutions had been unable so far to cope with the challenges from volatility on world markets, including soaring commodity and food prices.
With its past as a leading global wheat producer, Russia was ready for "constructive joint action" to overcome the food problem, he said.
Moscow could also help with another problem -- a lack of liquid investable assets because of disappointment with the U.S. dollar. Russia would soon adopt a plan to become a global financial centre and make the ruble a regional reserve currency, Medvedev said.
The Russian leader said that recent Kremlin moves to liberalize the domestic gas market and reduce taxes on the oil sector would help stabilize global energy markets. Russia is the world's biggest gas producer and its second-biggest oil exporter.
(Additional reporting by Oleg Shchedrov and Dmitry Zhdannikov; Editing by Ibon Villelabeitia)
Reuters News Service