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Damnit, just when I started to make money:
Russian Professor Says U.S. Will Break Up After Economic Crisis
By Robin Stringer
Nov. 24 (Bloomberg) -- A professor at the diplomatic academy of Russia's Ministry of Foreign Affairs said the U.S. will break into six parts because of the nation's financial crisis.
"The dollar isn't secured by anything," Igor Panarin said in an interview transcribed by Russian newspaper Izvestia today. "The country's foreign debt has grown like an avalanche; this is a pyramid, which has to collapse."
Panarin said in the interview that the financial crisis will worsen, unemployment will rise and people will lose their savings -- factors that will cause the country's breakup.
"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."
The U.S. will fracture into six parts: the Pacific coast; the South; Texas; the Atlantic coast, central states and the northern states.
"Now we will see a change to the regulatory system on a global financial scale: America will cease to be the world's regulator," to be replaced by China and Russia, he said.
To contact the reporter on this story: Robin Stringer in New York at [email protected].
http://www.bloomberg.com/apps/news?pid=20601103&sid=a3sayDZz.QKc&refer=us
Russian Professor Says U.S. Will Break Up After Economic Crisis
By Robin Stringer
Nov. 24 (Bloomberg) -- A professor at the diplomatic academy of Russia's Ministry of Foreign Affairs said the U.S. will break into six parts because of the nation's financial crisis.
"The dollar isn't secured by anything," Igor Panarin said in an interview transcribed by Russian newspaper Izvestia today. "The country's foreign debt has grown like an avalanche; this is a pyramid, which has to collapse."
Panarin said in the interview that the financial crisis will worsen, unemployment will rise and people will lose their savings -- factors that will cause the country's breakup.
"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."
The U.S. will fracture into six parts: the Pacific coast; the South; Texas; the Atlantic coast, central states and the northern states.
"Now we will see a change to the regulatory system on a global financial scale: America will cease to be the world's regulator," to be replaced by China and Russia, he said.
To contact the reporter on this story: Robin Stringer in New York at [email protected].
http://www.bloomberg.com/apps/news?pid=20601103&sid=a3sayDZz.QKc&refer=us
