Russian Analyst Predicts Decline And Breakup Of USA

RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA

drudgereport.com

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." Panarin, 60, is a professor at the Diplomatic Academy of the Russian Ministry of Foreign Affairs, and has authored several books on information warfare.

(visit the link for the full news article)



[edit: title - All Caps]

[edit on 25-11-2008 by 12m8keall2c]

The sharks certainly smell blood in the water.

Unfortunately the blood is from our own self inflicted wounds.
This article is rather chilling and provides a bitter slap of reality.

The Russians have just arrived off of the coast of Venezuela.

Putin is trying to set himself up again by manipulating term limit regulations.

The cold war rhetoric has resurfaced in Russia via Medvedev. He blames the US for the world economic crisis and has threatened to deploy missiles on Polands border.

This is just the beginning.

drudgereport.com
(visit the link for the full news article)

Won't happen. It's quite a ridiculous theory, to be honest. Why would we break up into smaller parts? Does he really think we are anything like them?

I don't think there is any one state that really cares to be separate from the others (apart from maybe Hawaii and Alaska). There is literally no reason that we'd ever break up at this point.

He says this:

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."

We've already been through crises as bad as this and worse, and more than a couple times. Is it possible we've got some rough times ahead? Sure, but there is no evidence to suggest we'd "break up".

This guy sounds like a bit of a nut to me. A claim like that supported with no good evidence... any good economist community would turn their noses up at this report.

[edit on 25-11-2008 by Irish M1ck]

woohooo all caps titles FTW!

2lines are better than 1

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