Sep 01

Igor Panarin Dean of the Russian Foreign Ministry diplomatic academy
Professor Igor Panarin

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. Continue reading »

Tags: , , , , ,