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November 25, 2008

Russian analyst predicts decline and breakup of U.S.

A frightening and very real possibility, especially with Obama the president elect and a far left, socialist/Marxist Democratic Congress completely in control of our government ....:

MOSCOW, November 24 (RIA Novosti) - A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.

Professor Igor Panarin said in an interview with the respected daily Izvestia published on Monday: "The dollar is not secured by anything. The country's foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse."

The paper said Panarin's dire predictions for the U.S. economy, initially made at an international conference in Australia 10 years ago at a time when the economy appeared strong, have been given more credence by this year's events.

When asked when the U.S. economy would collapse, Panarin said: "It is already collapsing. Due to the financial crisis, three of the largest and oldest five banks on Wall Street have already ceased to exist, and two are barely surviving. Their losses are the biggest in history. Now what we will see is a change in the regulatory system on a global financial scale: America will no longer be the world's financial regulator."

When asked who would replace the U.S. in regulating world markets, he said: "Two countries could assume this role: China, with its vast reserves, and Russia, which could play the role of a regulator in Eurasia."

Asked why he expected the U.S. to break up into separate parts, he said: "A whole range of reasons. Firstly, the financial problems in the U.S. will get worse. Millions of citizens there have lost their savings. Prices and unemployment are on the rise. General Motors and Ford are on the verge of collapse, and this means that whole cities will be left without work. Governors are already insistently demanding money from the federal center. Dissatisfaction is growing, and at the moment it is only being held back by the elections and the hope that Obama can work miracles. But by spring, it will be clear that there are no miracles."

He also cited the "vulnerable political setup", "lack of unified national laws", and "divisions among the elite, which have become clear in these crisis conditions."

He predicted that the U.S. will break up into six parts - the Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and the northern states, where the influence from Canada is strong.

He even suggested that "we could claim Alaska - it was only granted on lease, after all."

And there's more ....

Posted by Richard at November 25, 2008 10:27 AM

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Oh come on, this guy's prediction about the US going bankrupt might be accurate. But he's going too far saying that the 100 US dollar bills are going to be frozen by the US government at some point.
At first I gave him some credibility but at the end of his speech he suggest the world to start trading in rubles......LOL, give--me--a--break!
.......an he wants to claim Alaska??? LOL, with or without Sarah Palin in the package? LOL

I don't doubt that US is losing his financial power and it might not be the one that rules the world anymore in the next few years, but this Russian guy goes too far trying to inject fear about the 100 dollar bills.

Posted by: Livingstrong at November 25, 2008 3:11 PM

This crackpot fails to understand that most Americans have stronger national "American" ties than state ties. This gives us an indication of how good Russian academics are...

Posted by: ShootTheRussianBear at November 25, 2008 3:36 PM

Nothing wrong with Obama....I have hope because of him.

I saw interviews with Igor Panarin and he is very anti-USA. He says that Russia has never historically been the agressor (I guess all the countries on the east that they "took over" after the war don't count). Since that was BS, I'd have to surmise that this is BS. He is aiming this at Russians who think that the break up of the soviet union will be like the US. The US is not at odds with itself, just democrats and republicans :-)

US won't break up without a natural disaster forcing it so.


Posted by: webmasterpdx at November 25, 2008 8:42 PM

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