Saturday, August 20, 2011

Putin Calls US 'Parasite' as Russia Gobbles Its Debt

Alena Chechel, Scott Rose and Jack Jordan, Bloomberg
Excerpt: "Russia, the world's largest energy producer, has boosted its holdings of US debt by more than 1,600 percent since September 2006, according to US Treasury Department data. Russia used surging commodity prices to build the world's third-largest reserves pile, boosted in part by return on Treasuries."
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