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31 Aug, 2009 19:19

Two months left to read the book on US collapse

Professor Igor Panarin, whose book “The Crash of America” is just out, claims that by November the book will be yesterday’s news.

Panarin believes President Obama will lead his country to a breakup. Panarin compares Obama to former Soviet president Mikhail Gorbachev.

“Obama is “the president of hope”, but in a year there won’t be any hope. He’s practically another Gorbachev – he likes to talk but hasn’t really managed to do anything. Gorbachev at least had been a secretary of a regional communist party administration, whereas Obama was just a social worker. His mentality is totally different. He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion,” Panarin said, speaking to journalists during the unveiling of his book.

Panarin made his controversial forecast back in 1998, saying 2010 would be the starting point of the collapse. He spent the following eleven years monitoring the events around the US and says they largely confirm his theory.

“Today I received another confirmation that the collapse of the dollar and the US is inevitable. Japan’s Democratic Party won the election, and I’d like to remind you that its leader [Yukio Hatoyama] has the snubbing of the dollar among his economic plans. In plainer words, he plans to transfer Japan’s monetary reserves from US dollars into another currency. The move will seriously accelerate the dollar’s exchange slump as early as this November. Disintegration will follow shortly,” he added.

Amid all these pessimistic statements, Panarin – once labeled by a WSJ journalist as “a polite and cheerful man with a buzz cut” – insists he is by no means a US-hater but, rather, just a scientist.

“I’m not anti-American, the US population has nothing to do with the part of its political elite that implements an absurd and aggressive policy that aims to create conflicts around the planet…….I hope to see the reasonable part of the American elite – I know there is one – benefiting in these two months left till the collapse. I can name two people that belong to this reasonable part – US Secretary of Defense Robert Gates and Under Secretary of State for Political Affairs William Burns. If they triumph in the political strife, the consequences of the collapse will be minimized.”

“The 2009 US budget deficit is 4.5 times the 2008 deficit, while firearms sales are up 40%. On October 1, the coupons that were given to state workers are to be cashed out. When the workers realize that they are getting nothing for those coupons, they will take out their firearms and chaos will unfold. Meanwhile, in a separate issue, as the financial year draws to a close on September 30, its results will be published. They are destined to shock investors worldwide. After that, and the snubbing of the dollar by Japan and, especially, China, which will transfer 50% of its international operations to Yuan starting in 2010, the currency will then flow like a landslide out of style. Argentina and Brazil are excluding the dollar from mutual financial operations starting January 2010, while Brazil offers to move toward alternative currencies throughout the whole of South America,” Panarin noted.

He also suggested Russia follow suit and begin selling oil and gas for roubles.

Panarin still leaves room for miscalculation, which would actually make him happy. And should the collapse not start in November, he is ready to explain why it didn’t happen by December. But at the moment, the collapse looks quite likely.

“In my opinion, the probability of the US ceasing to exist by June, 2010 exceeds 50%. At this point, the mission of all major international powers is to prevent chaos in the US,” Panarin concluded.