In his first major economic speech since becoming president, Dmitri A. Medvedev said Saturday that the world might be in the throes of the worst economic crisis since the Great Depression, and that a newly revived Russia could offer solutions to a systemic crisis that underscored the United States’ economic shortcomings. He opened with an indirect dig.“Today, the center of our attention will be global changes in the financial systems, on commodities and food markets,” he said in an address in which he focused on the recent unnerving jump in international food and energy prices. “And, likewise, economic relations between various countries, including relations between the former leaders of international development, which are showing losses, and new players that are ensuring growing rates of economic growth.”
To paraphrase President Medvedev, regardless of the complexity of your financial systems and the ability of your government to borrow money, you eventually have to pay for your food and electricity. You can only hide your losses so much. I wonder what type of help Medvedev is offering?
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