RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA

RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA

www.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

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I am shocked that these comments are getting some attention. Drudge really does some good reporting! What is the probability of this happening, in your opinion?

Does anyone here this this guy is right?

I certainly see the breakdown of the economy, but splitting up the country? I don't know. I'm curious about what the experts here think. Thanks!

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

A leading Russian political analyst


I'm sorry it took me a minute to regain my composure.

I think it's rubbish

The way I see it ... its possible.

Racism is flipping ..
Rich are getting bailed out and richer ...

This country can't survive if the foundation (the regular joes) is falling apart.

example: forclosures, rising cost of living etc..

The FED bails out the top ... it will all happen again, because the foundation at the bottom is weak.

This thread is allready here

As mentioned, there is an existing thread on this topic.

Please add further comments to the ongoing discussion.

Thank you.






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