Igor Panarin : US Will Break Into Six Parts (Russian Professor)

Igor Panarin : US Will Break Into Six Parts (Russian Professor)

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."


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