Russian Analyst Predicts Decline and Breakup of U.S.
By: F. William Engdahl / RIA Novosti / November 24, 2008
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.'
"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 predicted that the U.S. will break up into six parts.
"On the fate of the U.S. dollar, he said: 'In 2006 a secret agreement was reached between Canada, Mexico and the U.S. on a common Amero currency as a new monetary unit. This could signal preparations to replace the dollar. The one-hundred dollar bills that have flooded the world could be simply frozen. Under the pretext, let's say, that terrorists are forging them and they need to be checked.'"
