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The Wall Street Journal carried a story today about a Russian professor, Igor Panarin, who for the last decade has been predicting the collapse of the United States in 2010. For a long time, there were no listeners to his prediction; now, the situation is a bit different.

Prof. Panarin, 50 years old, is not a fringe figure. A former KGB analyst, he is dean of the Russian Foreign Ministry’s academy for future diplomats. He is invited to Kremlin receptions, lectures students, publishes books, and appears in the media as an expert on U.S.-Russia relations.

Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar. Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control.

He based the forecast on classified data supplied to him by FAPSI analysts, he says. He predicts that economic, financial and demographic trends will provoke a political and social crisis in the U.S. When the going gets tough, he says, wealthier states will withhold funds from the federal government and effectively secede from the union. Social unrest up to and including a civil war will follow. The U.S. will then split along ethnic lines, and foreign powers will move in.

California will form the nucleus of what he calls “The Californian Republic,” and will be part of China or under Chinese influence. Texas will be the heart of “The Texas Republic,” a cluster of states that will go to Mexico or fall under Mexican influence. Washington, D.C., and New York will be part of an “Atlantic America” that may join the European Union. Canada will grab a group of Northern states Prof. Panarin calls “The Central North American Republic.” Hawaii, he suggests, will be a protectorate of Japan or China, and Alaska will be subsumed into Russia.

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It seems that the ever expanding financial meltdown in the US is much more grave than the Bush administration would like to believe. Reports in different financial journals have put the potential collapse at US$ 700 trillion, assuming that along with sub-prime, credit cards, car loans, mortgages, and student loans become due immediately. But that is the cost to the American corporations and tax-payers. Over the past few days, many US states have been calling up their Senators and Representatives to get hold of some bailout money for their states, as they are facing bankruptcy.

Now, I remember back just a few weeks ago as Pakistan was dangling on the edge of bankruptcy and many Americans were more than happy to see Pakistan collapse.

Today, as the same faces the US government and American taxpayers, I am pleased to see that the troubled US states are adopting a policy that has worked very well for taking national assets of 3rd world countries and buying them for dirt cheap prices.

According to a report posted on the Huffington Post website, Minnesota, New York, Massachusetts and Illinois are thinking of selling or leasing toll roads, parks, lotteries and other assets to raise desperately needed cash, while 44 other states are looking for ways to cope with widening deficits:

Minnesota – $5.27 billion deficit without raising taxes

• privatize the Minneapolis-St. Paul International Airport and the state lottery
• one lawmaker estimated an airport deal could bring in at least $2.5 billion, and the lottery $500 million

Massachusetts - $1.4 billion deficit

• considering putting the Massachusetts Turnpike in private hands and save on highway operating costs

New York

• looking into leasing state assets, including the Tappan Zee Bridge north of New York City, the lottery, golf courses, toll roads, parks and beaches Read the rest of this entry »

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