Yesterday.....we had an interesting report from Russia emerge. There is this professor....who has a standing.....not quiet a Nobel standing but still respected within some circles.
This gentleman.....Professor Igor Panarin.....discussed the US and its current situation....then said in an interview: "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."
This week....the NIC dudes in DC.....who are the ones who predict things for the US government......did their job....so now it was time for Professor Panarin to do his job.
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."
Concerning who replaces the U.S. in regulating world markets: "Two countries could assume this role: China, with its vast reserves, and Russia, which could play the role of a regulator in Eurasia."
Concerning why the US would break up: "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."
Then came the fascinating part of the professor's vision....a prediction that the U.S. will break up into six parts. Naturally, I was curious of this split. There would be the Pacific coast, with its growing Chinese population. Then the South, with Texas, where independence movements are on the rise. Then the Atlantic coast, with its distinct and separate mentality. Then the five of the poorer central states with their large Native American populations. Finally, 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."
Its curious how the professor predicted his vision. Could such a break-up occur? I ought to say no....but with the current environment....nothing would surprise me.