Showing posts with label Dmitry Orlov. Show all posts
Showing posts with label Dmitry Orlov. Show all posts

Monday, March 7, 2011

Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US

Dmitry Orlov describes what he calls "superpower collapse soup" common to both the U.S. and the Soviet Union: “a severe shortfall in the production of crude oil, a worsening foreign-trade deficit, an oversized military budget, and crippling foreign debt.” He believes the U.S. will fare worse during the coming economic collapse because Americans have fewer backup plans than did the Russians.