Friday, November 28, 2008


SHATTERED UNION: `There will be civil war in US in 2009`

video

The break-up of America into six pieces? Alaska joining the Russian Federation? Will Russia survive the crisis? Igor Panarin, a Russian professor of economics, discusses these questions when he dropped by the RT studio on Thursday.


MINA
Igor Panarin, Russian Foreign Ministry Diplomacy Prof, Predicts US ...
Associated Content, CO - Nov 25, 2008
By Carol Bengle Gilbert, published Nov 25, 2008 Igor Panarin, a professor at the diplomatic academy in Russia's Ministry of Foreign Affairs, has predicted ...
Professor Igor Panarin Says US Headed For Collaspe Post Chronicle
United We Stand Kansas City Star
Russian Scholar Predicts Economic Crisis Will Rip America Apart FOXNews
Telegraph.co.uk - DigitalJournal.com
all 21 news articles »



An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.

“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist.

He goes on to explain that the massive money creation efforts by the Federal Reserve and other central banks will end with one of two things: A resurgence of inflation, or a fall into “depression, civil disorder and possibly wars.” Either outcome, he says, will cause the price of gold to skyrocket. Gold will push to well over $2,000 per ounce, he explains.

The timing on all this? Sometime in either 2009 or 2010, said the analyst.

This coincides with predictions I’ve made here on NaturalNews. com, where I’ve publicly predicted price inflation of 20% - 40% in 2009, and the financial collapse of the United States government (sometime before 2025) due to an irreversible debt burden.

I’ve also predicted that when the people wake up and realize their dollars have been looted by the Treasury and turned into worthless pieces of paper, there will be riots in the streets.

These events have already been set into motion. It is now only a matter of time until they bubble to the surface. On the day the mainstream taxpayers actually figure all this out, don’t be caught out in public. Stay home.

***

From Telegraph.co.: Citigroup said the blast-off was likely to occur within two years, and possibly as soon as 2009. Gold was trading yesterday at $812 an ounce. It is well off its all-time peak of $1,030 in February but has held up much better than other commodities over the last few months – reverting to is historical role as a safe-haven store of value and a de facto currency….

Citigroup says gold could rise above $2,000 next year as world unravels Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup. By Ambrose Evans-Pritchard, Last Updated: 7:29AM GMT 27 Nov 2008
woman with gold bar - Citigroup says gold could rise above $2,000 next year as world unravels
An employee of Tanaka Kikinzoku Jewelry K.K. displays a gold bar at the company's store in Tokyo Photo: Reuters

The bank said the damage caused by the financial excesses of the last quarter century was forcing the world's authorities to take steps that had never been tried before.

This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold.

"They are throwing the kitchen sink at this," said Tom Fitzpatrick, the bank's chief technical strategist.

"The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed though into an inflation shock.

"Or it will not work because too much damage has already been done, and we will see continued financial deterioration, causing further economic deterioration, with the risk of a feedback loop. We don't think this is the more likely outcome, but as each week and month passes, there is a growing danger of vicious circle as confidence erodes," he said.

"This will lead to political instability. We are already seeing countries on the periphery of Europe under severe stress. Some leaders are now at record levels of unpopularity. There is a risk of domestic unrest, starting with strikes because people are feeling disenfranchised. "

"What happens if there is a meltdown in a country like Pakistan, which is a nuclear power. People react when they have their backs to the wall. We're already seeing doubts emerge about the sovereign debts of developed AAA-rated countries, which is not something you can ignore," he said.

Gold traders are playing close attention to reports from Beijing that the China is thinking of boosting its gold reserves from 600 tonnes to nearer 4,000 tonnes to diversify away from paper currencies. "If true, this is a very material change," he said.

Mr Fitzpatrick said Britain had made a mistake selling off half its gold at the bottom of the market between 1999 to 2002. "People have started to question the value of government debt," he said.

Citigroup said the blast-off was likely to occur within two years, and possibly as soon as 2009. Gold was trading yesterday at $812 an ounce. It is well off its all-time peak of $1,030 in February but has held up much better than other commodities over the last few months – reverting to is historical role as a safe-haven store of value and a de facto currency.

Gold has tripled in value over the last seven years, vastly outperforming Wall Street and European bourses.


Teetering On Collapse
kypost.com, KY - 5 hours ago
Professor Igor Panarin is said to have made these predictions in an interview with Izvestia, and it has to be true because it's all over the Internet and ...
Sunday Shorts
Seattle Post Intelligencer - 2 hours ago
Igor Panarin told the daily newspaper Izvestia last week: "The dollar is not secured by anything. The country's foreign debt has grown like an avalanche, ...

RT
Professor Igor Panarin: When America fell to pieces the shouting ...
RT, Russia - Nov 26, 2008
Igor Panarin, doctor of political science, dean of the foreign affairs department at the Diplomacy Academy of the Russian Foreign Ministry, presented this ...
Russian Professor Says US Will Break Up After Economic Crisis
Bloomberg - Nov 24, 2008
“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 ...
Russian analyst predicts decline and breakup of US RIA Novosti
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The buzz: Russian analyst says US is headed for collapse
Kansas City Star, MO - 22 hours ago
“In the early 1980s there was no debt,” Igor Panarin said. “By 1998, when I first made my prediction, it had exceeded $2 trillion. ...
Russian Analyist Predicts the Downfall and Breakup of US
PoliGazette - Nov 25, 2008
Professor Igor Panarin said in an interview with the respected daily IZVESTIA published on Monday: “The dollar is not secured by anything. ...

Washington Times
PRUDEN: Making sport while a foe can
Washington Times, DC - Nov 27, 2008
Igor Panarin is an amusing professor and political "analyst" at something called the Diplomatic Academy of the Russian Ministry of Foreign Affairs, ...
US disintegration a Russian fantasy
The Swamp - Tribune's Washington Bureau, DC - Nov 25, 2008
by Frank James It's a pretty ridiculous idea that Igor Panarin, the reputed political expert according to the story, puts forward, this notion that because ...
Economic crisis may shift society's direction
Georgia Straight, Canada - Nov 27, 2008
A prominent Russian political analyst, Igor Panarin, said in the Russian newspaper Izvestia on November 24 that the US could even break up into six regions ...



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