Posts Tagged ‘dollar’

Heavy talk from Igor Panarin. The russian professor at the diplomatic academy of Russia’s Ministry of Foreign Affairs predicts that the US will break up this year. Panarin noted recently:

“The dollar isn’t secured by anything, the country’s foreign debt has grown like an avalanche; this is a pyramid, which has to collapse.”

“Dissatisfaction is growing, and it is only being held back at the moment by the elections, and the hope that President-elect Barack Obama “can work miracles,” he said. “But when spring comes, it will be clear that there are no miracles.”

I remember when the Soviet Union broke up in 1991. It happened seemingly in one night. If the US is going to break up I am afraid it will not come down as quietly as the Soviet Union did.

I hope the US is not going to break up. That would bring out some really ugly things. Well, things are of course really ugly already, as Panarin well notes. If the US is not going to break up this year, what will the US going to be like by the end of the year? I wonder.

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