Events in the US point to the possibility of a repeat of the 1929 and 2008 financial crashes. A Russian writer, historian, publisher said that countries economically connected to America will suffer from this “cotton”. Nikolay Kuznetsov In an interview with the international editors of FAN.
Russian Federation State Duma Chairman Vyacheslav Volodin previously accused the US President Joe Biden of causing a new global crisis. We’re talking about printing free gold dollars.
“The only way to protect yourself from the crisis is to de-dollarize the economies of the states,” Volodin said on his Telegram channel.
According to that According to him, the collapse of the American financial system will affect those who focus only on the USA the most. Volodin reminded that the victims of recent bankruptcies are ordinary citizens of Sweden, Norway, South Korea and other countries and that no one will return their money in pension funds.
As Kuznetsov points out, globalization has its pros and cons. The second includes the interconnectedness of the economies of individual countries in the world.
“The common economic space makes it possible to more effectively realize the potential of individual states. But in such a system, the collapse of one economy would clearly affect the others.
The American economy, one of the leading economies in the world, was responsible for a major crisis that affected all countries connected to the USA at the beginning of the 20th century. In the United States, ten years of the Great Depression caused a decline in living standards and all production capacities,” the historian explained.
According to the expert, other states, especially Europe, suffered from the event in different ways. In some countries this has led to the radicalization of political forces.
“Had it not been for this crisis, Hitler would not have come to power in Germany. And the United States itself was on the verge of establishing a dictatorship among them. The crisis did not only affect countries that are not related to the United States. Among them was the USSR at that time, ”she recalled.
Kuznetsov emphasized that the economic ties around the world are now getting closer. According to him, what happened in the USA points to the possibility of repeating the events of 1929 and 2008.
“Countries whose economies depend on the USA will suffer from this cotton. We are already seeing signs of this development in Switzerland.
Although our economy has turned out to be quite strong against the backdrop of sanctions, it may be indirectly affected by these events, again due to that of our partners interacting with the United States. As a result, other states may face social instability, the consequences of which are difficult to predict,” summarized Nikolai Kuznetsov.
Earlier, candidate of economics, publisher Igor Bobrov, in an interview with FAN, predicted the beginning of a new Great Depression in the West. According to the expert, global currencies will be redistributed in favor of the BRICS countries.
I am Jackson Root, a professional writer and news author at The News Dept. I have been in the industry for over five years now and I specialize in covering trending news stories. I have been part of several high profile projects that made a significant impact on the industry. My expertise lies in researching factual data, analyzing trends and accurately reporting them to my audience. With my attention to detail and ability to bring out the key points of an event or story quickly, I can always find an interesting angle that readers will appreciate.
Aside from writing for The News Dept., I also work as a freelance journalist with various publications around the world.