Wednesday, November 26, 2008

Top Russian Analyst Predicts U.S. Breakup and New North American Currency

Monday a top Russian political analyst predicted that the United States is heading for collapse and will divide into six separate parts. Canada, Mexico and the U.S. will adopt the Amero currency, and China and Russia will regulate world markets.

According to RIA Novosti (Russian News and Information Agency), Professor Igor Panarin was interviewed by Izvestia and the interview was published on Monday.

If and when the U.S. breakup comes about Panarin states that "we” (Russia) “could claim Alaska - it was only granted on lease, after all."

Panarian said that because the dollar “is not secured by anything,” and because America’s debt has “grown like an avalanche” and is now more than 11 trillion, this “is a pyramid that can only collapse.”

Panarin has been making this prediction since 1998. RIA Novosti reported that Panarin made these dire predictions at an international conference in Australia 10 years ago when the U.S. economy appeared to be strong.

Panarin hedged when it came to pinpointing the exact time of the “expected” U.S. economic collapse.

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."

Panarin said that China, “with its vast reserves, and Russia, “could play the role of a regulator in Eurasia."

Panarin stated that millions of Americans have lost their savings and because General Motors and Ford are on the verge of collapse and whole cities will be left without work. Because governors are also demanding money from the federal government, dissatisfaction is growing. Panarin continued:

"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."

RIA Novosti also reported that Panarin points to a vulnerable political setup in the U.S., which includes "lack of unified national laws," and "divisions among the elite,” which will bring the breakup about in the very near future.

He predicted that the U.S. will break up into six parts - the Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and 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."

According to RIA Novosti, Panarin claimed that a secret (North American Union) agreement in 2006 was reached between Canada, Mexico and the U.S. making the Amero currency the new monetary unit. This Amero will replace the dollar under the pretext that “terrorists are forging them and they need to be checked."

For a little perspective on Russia’s failing economy read Wednesday’s article, Russia and the Global Economic Crisis by Stephen Sestanovich published by the Council on Foreign Relations.

Apparently Russia’s economy isn’t doing all that well. Export earnings from energy and metals are sharply declining, corporate balance sheets are over-leveraged, there is a “chorus of bailout appeals,” bank failures, credit crunches, failing real-estate and mortgage defaults . . . and the list goes on.

Trackposted to Conservative Cat, The World According to Carl, and Gone Hollywood, thanks to Linkfest Haven Deluxe.


  1. Unreal....You watch my friend, the only way out of our debts will be to pool our economy with that of the other nations.....then we will have to convert to an international currency....

    wasnt there a book who said an international currency is bad???

    Capitalism has failed again....America helped pave the way for entrepreneurs who take risks to make massive gains, so much that the top 5% of our people make more than half of all America's wages......

    but these guys had help by laxing regulations in congress, pushing back envrionmental restrictions and outsourcing jobs.....

    Unfortunately, none of these companies that we are bailing out planned for the future, or thought about living within their means.....instead we gave them a free pass and even if they screw up they will be helped by the average American and the poorest of tax payers.....the rich stay rich indeed.....

    as a result our economy is reaching the breaking point, American confidence in its structure and that of the corporate world are eroding.....we might be forced into a corner where we will have to pay back China and other nations with "favors" or land or even technology, possibly from our military

    take care my friend

  2. Igor Panarin also claims that Alaska was only leased to USA. I can’t care less about that nutcase.

    Citizen Cane

  3. This has been an off year for capitalism but Eurosocialism has not shown any reason to believe it is any stronger.
    The E.U. and Russia will break up into more little pieces before the U.S. suffers a real loss.
    I don't expect serious money to follow this analyst very far.

  4. Wishful thinking on this guys part. The US didn't split up during the Great Depression, and it won't split up now.

    The economies of China and Russia will collapse before ours does. China is dependent on US trade (those cheap products sold in Walmart), and when Americans stop buying them... You see the point I hope.

  5. economic collapse doesn't mean the splitting of the U.S.
    plus, miracles do happen and can happen with the economy if Americans are willing to rise to the occasion (for example, just think about Obama and how he didn't shun away from running for president, and he miraculously got elected)

    American history has shown the courage and union of the U.S.

  6. this is how a comunist country thinks,they dont understand the drive and percevierence in which this country was founded,these are just tests of courage and spiritual miles stones that god first we will prevail amen.

  7. i find the item somewhat ironic: certain so-called conservatives have thought it hilarious to joke about kicking California and New York (and their satellites) out of the Union because of differences in philosophy, and now here's some outside observer predicting essentially the same sort of thing. another illustration of the old adage "be careful what you wish for; you may get it".

    happy thanksgiving to all, and to all a good night.

  8. this russian may be a little biased in his opinions, but he doesn't have the market cornered on this theory of a coming american breakup. to say "it will never happen" is a bit myopic. and why would that be a bad thing anyway? it could end up being the only solution. time to step out of the box and think beyond national allegiance. anything can happen and the ONLY guarantee in life is that "things change."

  9. If the break up of USA happens, some states will be better off, while others won't.
    I think that the main problem with the USA economy is not being able to export and produce, eg. in short USA lossed on the world market by the Asian nations. USA doesn't have it's own resources of oil, gas.

    For your informantion, now, Russia is more capitalist than USA will ever be.

  10. Soviet union could not compete with Western economies, and today Western economies (which lack of natural resources) can't compete with Asia.
    Obama isn't Father Christmans to make miracles happen.

  11. I agree with Sinisa. The real cause of our economic woes is a lack of real productivity, not a lack of regulation. Indeed, Fredie Mac and Fanny May were organs of the government--products of regulation--charged, in part, with making credit available for low-income home buyers. This is not capitalism run amok, it is a "managed economy" with Congressional managers who don't know what they're doing and can't see past the next election cycle. Giving Congress even more power over the economy is not a solution.

    We've been playing with fiat money, building houses of cards, and borrowing wealth instead of creating it. Eventually, even a superpower has to stop living on credit. There ain't no such thing as a free lunch. We'll be paying for that for the foreseeable future, especially as the government responds to the crisis with even more inflationary spending. However, we're too united in culture and values to devolve into civil war, and too militarily powerful to be taken over by force. So the US is hear to stay, no matter how hard times get economically.

  12. I really appreciate your post.
    What he has predicted against USA, is happening now.

  13. Imagine shortly after China takes over California, Giant earthquake comes about, and China losing the property which was purchased with the US Trade deficit.

    They may as well as buy Richmond in Canada to take with them where their Chinese poplulation refuse to integrate into Canadian society.