What’s the buzz?
Igor Panarin has been predicting the United States will fall apart in 2010. He has been interviewed as much as twice a day about his predictions. He presented his theory at a recent roundtable discussion at the Foreign Ministry. The country’s top international relations school has hosted him as a keynote speaker. During an appearance on the state TV channel Rossiya, the station cut between his comments and TV footage of lines at soup kitchens and crowds of homeless people in the U.S. The professor has also been featured on the Kremlin’s English-language propaganda channel, Russia Today.
Who is he?
Prof. Panarin is a very polite and cheerful man. He is 50 years old and insists he does not dislike Americans. He was 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’s résumé includes many years in the Soviet KGB, an experience shared by other top Russian officials. His office, in downtown Moscow, shows his national pride, with pennants on the wall bearing the emblem of the FSB, the KGB’s successor agency. It is also full of statuettes of eagles; a double-headed eagle was the symbol of czarist Russia.
The professor says he began his career in the KGB in 1976. In post-Soviet Russia, he got a doctorate in political science, studied U.S. economics, and worked for FAPSI, then the Russian equivalent of the U.S. National Security Agency. He says he did strategy forecasts for then-President Boris Yeltsin, adding that the details are “classified.”
Why is everybody in Russia listening?
Accordingly, Mr. Panarin’s apocalyptic vision “reflects a very pronounced degree of anti-Americanism in Russia today,” says Vladimir Pozner, a prominent TV journalist in Russia. “It’s much stronger than it was in the Soviet Union.” His bleak forecast for the U.S. is music to the ears of Kremlin, which in recent years has blamed Washington for everything from instability in the Middle East to the global financial crisis. His views also fit neatly with the Kremlin’s narrative that Russia is returning to its rightful place on the world stage after the weakness of the 1990s, when many feared that the country would go economically and politically bankrupt and break into separate territories.
What’s the prediction?
According to Mr. Igor Panarin:
“There’s a 55-45% chance right now that disintegration will occur,” he says. “One could rejoice in that process,” he adds, poker-faced. “But if we’re talking reasonably, it’s not the best scenario — for Russia.” Though Russia would become more powerful on the global stage, he says, its economy would suffer because it currently depends heavily on the dollar and on trade with the U.S.
What’s going to happen in his prediction?
- 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.
First presentation of the theory
In September 1998, he attended a conference in Linz, Austria, devoted to information warfare, the use of data to get an edge over a rival. It was there, in front of 400 fellow delegates, that he first presented his theory about the collapse of the U.S. in 2010.
“When I pushed the button on my computer and the map of the United States disintegrated, hundreds of people cried out in surprise,” he remembers. He says most in the audience were skeptical. “They didn’t believe me.”
At the end of the presentation, he says many delegates asked him to autograph copies of the map showing a dismembered U.S.
Basis of forecast
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.
The new republics from his forecast
- 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.
What happens to Alaska?
“It would be reasonable for Russia to lay claim to Alaska; it was part of the Russian Empire for a long time.” A framed satellite image of the Bering Strait that separates Alaska from Russia like a thread hangs from his office wall. “It’s not there for no reason,” he says with a sly grin.
US foreign debt, a pyramid scheme
Interest in his forecast revived this fall when he published an article in Izvestia, one of Russia’s biggest national dailies. In it, he reiterated his theory, called U.S. foreign debt “a pyramid scheme,” and predicted China and Russia would usurp Washington’s role as a global financial regulator.
No miracles
Americans hope President-elect Barack Obama “can work miracles,” he wrote. “But when spring comes, it will be clear that there are no miracles.”
What’s the reaction of US experts in Russia?
Mr. Pozner and other Russian commentators and experts on the U.S. dismiss Mr. Panarin’s predictions. “Crazy ideas are not usually discussed by serious people,” says Sergei Rogov, director of the government-run Institute for U.S. and Canadian Studies, who thinks Mr. Panarin’s theories don’t hold water.
What’s the reaction in the United States?
The article prompted a question about the White House’s reaction to Prof. Panarin’s forecast at a December news conference. “I’ll have to decline to comment,” spokeswoman Dana Perino said amid much laughter.
For Prof. Panarin, Ms. Perino’s response was significant. “The way the answer was phrased was an indication that my views are being listened to very carefully,” he says.
People are taking his theory more seriously
The professor says he’s convinced that people are taking his theory more seriously. People like him have forecast similar cataclysms before, he says, and been right. He cites French political scientist Emmanuel Todd. Mr. Todd is famous for having rightly forecast the demise of the Soviet Union — 15 years beforehand. “When he forecast the collapse of the Soviet Union in 1976, people laughed at him,” says Prof. Panarin.
What Reynz says
Debt
Let’s focus on what Igor said. US foreign debt, a pyramid scheme. The rest, I don’t care. The gist of this prediction lies in one word. Debt. Or US public debt.
I won’t go into a Wall Street explanation here like the one that I did with my subprime entry. If you think this is difficult to understand, you’d be surprised. You actually know this very well.
Now, imagine for a moment by putting the entire United States in a house. Not literally. I was saying that figuratively. Say, this US household has a monthly take home pay of let’s say $50,000. Let’s take a look. It’s pretty simple.
- Case A – If their expenses totals $40,000 then they have a savings of $10,000
- Case B – If their expenses totals $60,000 then they owe somebody $10,000. In the government, that’s called Budget Deficit.
Let’s stay with Case B
What the US household will do next, is borrow more money to cover the $10,000 and spend the money to pay off the obligation or to use it to pay some expenses. How does the government borrow money? Sell bonds. What’s a bond? Plain and simple, a promise to pay with interest on the principal. It’s just like a note. If you buy these bonds, then you become an investor. The government owes you the principal and the interest. You as the investor will then expect those interest be paid to you as well as the principal. Are you getting my gist?
Very short explanation of the big picture.
But isn’t it that in our example of Case B, the US household is on a deficit? Meaning, he is short of cash? So where will he get monies to pay his bond investors? Some of it will come from real estate taxes. Some of it will come from income and corporate taxes and all sorts of taxes. But you see, didn’t we talk about the fact that revenues (taxes) were not enough? How do they raise money again? The easiest it, they would raise taxes. If not, they issue bonds. Get the picture? Now that’s the very short explanation of the big picture.
Let’s go back to the headlines.
- US Debt approaches insolvency
- US Debt May Soar By $2 Trillion In 2009
- The biggest bubble of all, the US Government Debt
$2 trillion is a lot
I have no intention to prove Igor Panarin’s prediction. What I know is that, $2 trillion in debt is a lot of debt. Where will they find money to pay this debt?
This entry was lifted from the Wall Street Journal:
As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.
In Moscow, Igor Panarin’s Forecasts Are All the Rage; America ‘Disintegrates’ in 2010
Que pasa Filipinas?
In 2007, it was $54.9 billion. I don’t know how much it was in 2008 and I can’t find a history. I would like to know the trend. Did it ever decreased? Or has it always been increasing? But this I know. The Philippines just like the United States government relies heavily on borrowings to help fund its budget deficit.
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{ 15 comments… read them below or add one }
Natawa ako sa prediction siya tungkol sa California. First, although the Governor is a Republican, the Senate and the Assembly are predominantly Democrats.
Besides Obama is a Democrat.
Second, the population of Asians in California does not even constiture 15 per cent of the total. 58 per cent are White Americans 36 per cent are Hispanic…and 12 per cent are Asian-Americans which include Filipinos, Chinese, Vietnamese and other minorities. Two per cent of the population speak Filipino while only over one per cent speak Chinese which is still divided into Mandarin and Cantonese and a little over one per cent speak Vietnamese.
Sinong nasa tunay na bait ang magpapaunder sa China? Ang Californians, this guy should know the Californians better.
The Ca t´s last blog post..The Life’s Big Screen
[Reply]
reynz Reply:
January 6th, 2009 at 7:48 pm
Well, here’s what I know about California. Their economy, if California were to be an independent nation, is the 10th in the world. 5 or 6 years ago, they were, I believe 4th or 5th largest. In other words, their economy is the dominant force in the United States. In fact, we all know here in the US that, what goes on in California, reverberates across the United States.
Like you, I don’t believe California will cede itself to China. Of course, one has to give Igor some respect with his credentials. And I’m no US-Russian relations expert, but California can be even “bigger” than China if that happens. Right?
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
[Reply]
lcm Reply:
January 6th, 2009 at 11:25 pm
makabili nga uli ng lotto, pag nanalo, sakay tayo sa QEII o di kaya Queen Mary
he he he,
malaki ang population ng Intsik dito sa Cali, kasi kailangan ng tiga gawa ng railway noong araw, pero after the earthquake halos burahin sila ng mga makapangyarihan na blondie at blue eyes. pero since Tikoy nga sila, kahit saan they can build a community and make it prosperous kahit ano pang sibat ang iharang mo sa kanila, hindi sila nadidiscourage, even if they can’t speak English, trabajo pa rin sila, kaya malakas ang Tsina at babangon at babngon sila kahit na ano pang mangyari,
[Reply]
lcm Reply:
January 6th, 2009 at 11:29 pm
“And I’m no US-Russian relations expert, but California can be even “bigger” than China if that happens. Right?”
kaya nga RE punta ka na dito, pwede kang mag spaghetti strap pag winter, malaki din ang populason ng mga Bombay, since multi cultural, the more na nagiging progressive kasi meron competition as to how they handle their businesses, aba tignan mo na lang sa TV channels, dami ng channels ng Falun Gong, dami din ang channels ng Bollywood
reynz Reply:
January 6th, 2009 at 11:31 pm
hayaan mo, ako ang papalit ki Richard yong kasuka sukang baklitang me exercise video na parating naka short at kahindik hindik ang itsura! hahaha leche nasaan na anb baklitang yun? hahaha
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
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As to Hawaii will be protectorate of Japan, paano naman ang mga Filipinos na kaunti lang ang dieprnseiya sa laki ng population sa Hawaii.
Hawaii is the State of Obama’ s grandmother. Pwede bang iwanan nila ng suporta sa Obama?
The Ca t´s last blog post..The Life’s Big Screen
[Reply]
reynz Reply:
January 6th, 2009 at 7:49 pm
Unless Japan goes back to being Imperial, maybe they would like to gobble up Hawaii. Now, this part, I don’t believe anymore. Hahaha!
[Reply]
Igor is mirroring what happened to USSR. When the former powerful Russia disintegrated, it was deep in debts that the International financial institutions had to
forgive some of its debts.
Ang mga tao ay hindi productive, kasi sino nga naman ang gustong magtrabaho kung ang suweldo ninyo ay sapat lang para sa pamilya. Kailangan kasi pantay, pantay sa isang bayan na Komunista. Walang initiative para kumita pa ng sobra dahil bawal din ang luxury. Kaya maraming dissatisfied na mamamayan. Maraming gutom, maraming mahirap kaya madaling maprovoke ng civil unrest.
Palagay kaya ninyo mangyayari sa US ito?
Alam ko sa China, may riot na dahil sa maraming nagsasarang mga pabrika.
Ang tingin ko sa mga bansang ito, kabit-kabit ang bituka. Hindi mabubuhay kung hindi magtutulungan. Malaki ang utang ng US sa China, that is a fact pero malaking market din ang US ng China.
Am I sensing a campaign against US. MAtanong ko nga si MAdam Auring. hehehe
The Ca t´s last blog post..The Life’s Big Screen
[Reply]
lee Reply:
January 6th, 2009 at 10:39 am
You got it right madam caT, 20 taw factories closed is not a joke, tho they are still denying it and still claming that while USofA are collapsing,China economy is keeps on rising(and they think that they are the best and no.1).
Kahit na nga marami na silang pera at marami ang nagtatapon ng pagkain dito marami pa rin naman ang namamatay sa gutom(dont ever mentioned that many are still dying in hunger at panlalakihan ka nila ng mata at sasabihin “Nooooooooo”).
[Reply]
reynz Reply:
January 6th, 2009 at 7:56 pm
Igor’s big basis was Treasury Bonds. Of course he’s aware of the subprime meltdown and then the credit default swaps. Remember I discussed this in a separate entry where this people in Wall Street make money by moving debt securities around? Well, there’s no product that was created right? Unlike when you make money by growing potatoes. In essence that’s the “pyramid” that Igor was talking about. That “pyramid” is also the bonds issued by the US government – that’s what he’s referring to.
I have to be fair with him. I agree with him on the insinuation that this debt is like a ticking bomb.
But you’re right. China and the United States needs each other. Remember that’s why US gave China preferential treatment on trade? And when the US started knocking down some merchandise to be taken off from the preferential treatment – what did China do again??? They balked and starts threatening. Remember those trade war of words fight between China and the US on the WTO? It’s an abnormal partnership of some sorts. American needs their market. But China remains communist. Hahaha!
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
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anu ba yan nakakatakyut naman, tama ka di pwedeng ignorin at di maliit nahalaga ang 2 trillion, mamumuti ang Obama sa kunsumisyon pag nagkataon, puro utang ang naiwang minana nya.
lee´s last blog post..Want to be 6 again…
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reynz Reply:
January 6th, 2009 at 8:00 pm
if you think about it, there’s some traces of truth in what he’s saying about the debt. where will the US find some money to pay those debts? wala! mangungutang uli because the foreign markets that they open up to trade with them is kulang talaga kaya pansinin mo, bumaba ba ang utang nang Amerika? Hindi. In fact, during the Bush presidency, sya pa mismo ang pinakamalaking utang sa lahat nang 42 US presidents. hahanapin ko ang link.
Eto:
http://www.cbsnews.com/stories/2007/06/16/politics/main2939036.shtml
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
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ayan, usong uso dito yan sa oyropa. ang mga predictions, feng sui at kung ano pang hindi normal. mas out of this world, mas sikat.
sa totoo lang, magkakaron talaga ng problema ang mundo sa dami ng utang, sabi ni kengkoy na isang bangkero, inaantay na lang din nya na bumagsak ang mga credit card companies dahil yan na daw ang susunod.
pero sa totoo lang, kabit kabit bituka ng buong mundo, kung hindi magtutulungan, edi bagsak lahat, edi sino naman ang mag benefit di ba? kaya ako positive pa rin
kengkay´s last blog post..tuloy po kayo 2
[Reply]
nina Reply:
January 6th, 2009 at 2:16 pm
In a way baka maging positive ang effect kung mawala na ang credit cards. They are not necessary for people to live. I know halos lahat ng tao may credit card at maraming sa kanila nakadepende ang buhay sa credit card. Pero kung walang credit card people would be forced to live within their means kasi no cash, no shopping. O di ba?
nina´s last blog post..HAPPY NEW YEAR !!!
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reynz Reply:
January 6th, 2009 at 8:02 pm
ang basic principle nang mga securities na binibenta sa Wall Street ay pare-paarehas lang nang credit cards. investment din yan. palipat lipat nang
investment certificate at dun kumikita. meanwhile lulong sa utang
naman yung nasa kabilang panig.
i would like to see a world-credit card free. ideal yun di ba? kaya
lang ang hirap siguro to live nang walang credit. i don’t know. what do you think?
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
[Reply]
nina Reply:
January 6th, 2009 at 8:18 pm
Yes, nowadays parang parte na talaga ng buhay ang credit card. Very convenient kasi talaga kailangan lang maging responsible sa pag gamit
pero there are people na walang credit card and okay naman sila so I guess pwede tayong mabuhay ng walang credit card. Actually, gusto ko na talaga i-cancel card ko kaso lang iniisip ko convenience.
nina´s last blog post..HAPPY NEW YEAR !!!
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reynz Reply:
January 6th, 2009 at 8:26 pm
am sure mahirap hahaha uunahin muna big time attitude
changes, else walang mangyayari.
i’ve seen it many times. kahit na ako. nag home equity ako
credit card free for many months (months lang dahil di nakatiis) then balik utang leche mas marami pa kamo inutang ko! grrr! and i found out pati ibang mga kebigan ko ganun den hahahaha ayan! nagkaleche leche tuloy buhay namen
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
kengkay Reply:
January 6th, 2009 at 9:29 pm
naku reyns, inconvenience yang walang credit card kapag
asa pinas ka. pano na lang kung gusto magpabili ng
boylets mo ng refidyiraytor – edi isang bayong na cash
ang dala mo, hahaha
sa totoo lang, sa tingin ko, mas maganda nga at mas
controlled ang gastos kapag walang credit card. pero
am sure, kapag wala ng credit card, may papalit dyan -
ano naman kaya?
kengkay´s last blog post..tuloy po kayo 2
reynz Reply:
January 6th, 2009 at 9:33 pm
kengkay,
debit card. hahaha! accounting talaga! nabulilyaso sa credit,
debit naman.
ang umuuso sa amerika is debit card that works like fone load.
bibili ka nang debit card, kung ano lang ang laman nang debit card mo, yun lang.
hahaha
yan na rin ang uso sa bangko ngayon.
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
kengkay Reply:
January 6th, 2009 at 11:22 pm
oy, tama ka nga, merong ganyan din kami. pero dahil nga hindi ako sanay e hindi ko sya ginagamit. kumbaga lagyan sya ng load tapos pwede mo syang gamitin until dun lang sa load na nilagay mo. kaya ko sya hindi ginamit kasi parati ka pang maghahanap ng atm para i check kung magkano laman nya. e dito pa naman hindi bawat kanto may atm, tapos kapag ibang bangko pa, sempre may bayad yung gamit ng ibang bangko na atm — maubos agad load magtatanong pa nga lang, heheh
kengkay´s last blog post..tuloy po kayo 2
reynz Reply:
January 6th, 2009 at 11:27 pm
daz right kengkay! kaya dito nagkalat ang ATM eh,
kasi nga ganun ang drama. bawat withdraw mo, bayad ka nang
fee which is around $1.50 to $3.50 pag nasa loob ka nang bar.
I mean, pera mo na, kukunin mo lang, babayad ka pa. ganun kautak ang mga kano. leche! hahaha!
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
nina Reply:
January 7th, 2009 at 10:17 am
One of the good things about the banking system here eh yong ATM namin works like a debit card. Basta may withdrawable money sa ATM, pwede mo sya pambayad sa lahat ng store na tumatanggap ng card. Free din and inter-bank balance inquiry at withdrwals. Kaya nga ako kung hindi talaga kailangan hindi ko na ginagmit yong credit card kasi pwede naman i-swipe yong ATM.
Kaya nga dito pati government transactions, ATM at credit card na ang gamit. Hindi na tumatanggap ng cash so hindi na humahawak ng pera ang cashier. Sana ganun din sa atin. Pero I’m sure ayaw nung iba kasi lam mo na walang keep the change lalo na sa LTO.
nina´s last blog post..HAPPY NEW YEAR !!!
di nman s wala akong pake pero
MAsarap maging Simple ^^
ahihihi…. bleeeh ~
http://jex009.blog.friendster.com
[Reply]
reynz Reply:
January 6th, 2009 at 8:03 pm
that’s true Jex, kaso, inborn sa tao ang pagka ganid ata dahil mas maraming ganid sa mundo and they are the ones na pinapabagsak tayo
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
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pwede ba sa atin nalang hawaii o kaya cali?
anonymark´s last blog post..Isdaan
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reynz Reply:
January 6th, 2009 at 8:04 pm
hayaan naten sila sa hawaii or california, masyadong malayo. unahin naten ang borneo. atin yun. hahaha di ba?
[Reply]
WALANG HIMALAAA!
roni´s last blog post..send your love
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reynz Reply:
January 6th, 2009 at 8:05 pm
hahaha! that’s what Igor said, in the spring, Obama will find out that there are no miracles.
[Reply]
roni Reply:
January 6th, 2009 at 8:19 pm
Igor, ate Guy, they have something in common.
Isama ko na si Quasimodo, hahaha!
roni´s last blog post..send your love
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reynz Reply:
January 6th, 2009 at 8:21 pm
hahaha well sabi nga ni Kengkay, it’s the in thing in Europe. teh more out of this world, the more na sikat ka. hahaha
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
oh my ghast! lol
As far as I know, there are countries that despise the US. To name one, North Korea…
Anyhow, all of the Nations are having monetary issues. It is something known world wide.
Predictions? something to take seriously or something to take lightly? Depends on how other people perceive it.
Reezen TOT´s last blog post..The Seven Deadly Sins
[Reply]
reynz Reply:
January 6th, 2009 at 10:13 pm
he said it’s 55/45, to me that’s still 50/50, i mean, what is 5% chance of it happening, so meaning di pa rin sya sure, it’s just a hot topic in Russia because the anti-American feeling is so high given that they’ve lost their command in the world.
the financial crisis started on wall street affected the Russians. so, ayun the more they talk about his prediction.
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
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Bakit kaya hindi kasali ang Philippines sa mapa?Aba,sankatutak utang ng Pinas ah.Nuod na lang muna ako ng Money war ,tungkol din sa utang yun eh!
Fatherlyours´s last blog post..Winning The Philippine Blog Contest
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reynz Reply:
January 6th, 2009 at 11:29 pm
aba eh pag nag-disintegrate ang pinas simple lang naman eh, una. susunggaban nang malaysia ang buong mindanao. ang cebu, magtatayo nang sariling republic. ang catandaunes, mapupunta sa hawaii. hahaha yong ibang probinsya? ewan ko. hahaha
reynz´s last blog post..Kick the Rat, let’s welcome the Ox, Happy New Year!
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alam mo, this is the most FANTASTIC predictions I have ever read. It even surpassed that of NOSTRADAMUS.
masyado ni-romanticize ni Igor haha
pero considering the US 2T debt, siguro naman magkakaroon lang ng slump pero not division of the US. especially the alska-russia tie up haha. Igor should stay on the data and not presumptions. pati civil war eh prinedict.
Madami ako mahal sa buhay sa US, and these kind of predictions just bring worries. Eversince di ako naniniwala sa predictions except when is backed by data and the prediction is smart (specific, measurable, attainable, realistic and time-bounded).
I just wish that Obama can save the economy.
Pero san nga ba kukuha ng pambayad?
bluepanjeet´s last blog post..Vocations in the Holy Land is rising???
[Reply]
reynz Reply:
January 7th, 2009 at 3:48 pm
saan kukuha nang pera?
mangungutang uli. mag-iisue na naman nang kung ano anong bonds. hahaha eh kasi kahit itaas ang tax kulang pa rin.
reynz´s last blog post..The Alabang Boys: Oh, to be rich!
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oo isama na sabah at spratlys na sa atin din pero di din natin makukuha dahil poor lang tayo.
anonymark´s last blog post..PSP 3000 Hacked? Is this the real deal?
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reynz Reply:
January 7th, 2009 at 3:48 pm
mayaman tayo mark. kinukurakot lang nga nang mga impakto sa gobyerno.
[Reply]
gillbates Reply:
March 11th, 2009 at 4:14 am
agree!
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dire predictions. kakatakot if you take it seriously. but i don’t think its imminent. the most taunting issue at hand is the economy. pero kahit pa recession na, see how the world reacted to the housing crisis? most of the world’s economy would not and cannot afford to let the US economy sink to the very bottom, kasi if it happens, lahat affected.
the deficit? kaya pa rin nila takpan yun. they still have reserves, ayaw lang gamitin, kasi nga ang tendency palagi is to keep on borrowing. pag tuloy tuloy ang ikot ng pera, tuloy din ang economic activity.
politically, we are still safe. pwera na lang kapag talagang bumagsak ang economy, yun ang ang kicker. anything can happen afterwards.
[Reply]
reynz Reply:
January 7th, 2009 at 10:04 pm
good point! di ko napansin yong reserves, pero kala ko kasi, yong reserves na yon is for oil and necessary bala para pag inatake nang mga siraulong nation hahaha honestly i don’t want to see any breakup, leche mag ma-migrate ako sa california pag nagkataon hahaha
reynz´s last blog post..Kapuy. Pahinga lang ako nang konti. Reyna Elena close. But open.
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punyeta namang mga government officials oo.
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This guy spoke at UP recently
http://business.inquirer.net/money/breakingnews/view/20090311-193488/Russian-sees-end-of-American-Dream
Di yata papayag ang mga kano na magpaunder sa ibang bansa.. eh ang daming may ari ng baril dun. Sa tingin ko pag tutuong tangkain sakupin ng mexico,canada,china etc. maraming kano na mamumundok at mag rerebelde.
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